By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Pay Some People Not to Work and They Will Not Work
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Headline News > Pay Some People Not to Work and They Will Not Work
Headline News

Pay Some People Not to Work and They Will Not Work

Paul Ebeling
Last updated: May 9, 2021 3:43 am
Paul Ebeling
Share
3 Min Read
guy on couch
SHARE

#NFPs #jobs #VirusCasedemic

“Calls to cancel VirusCasedemic-era unemployment benefits grew last wk as concerns over a labor shortage gained momentum, culminating in a crescendo on Friday after a wildly disappointing NFPss report for April” — Paul Ebeling

There is an old adage that says, “if you pay people not to work they will not seek work“.

South Carolina and Montana announced plans before the NFPs report to end the jobless programs at the end of July, after wks of local reports across the country recounted how restaurants cannot fill positions. 

After the jobs report Friday, the US Chamber of Commerce announced its support of stopping the extra $300 in weekly unemployment benefits, citing worker shortages, while Senator. Roger Marshall (R-KS) introduced a bill to repeal the VirusCasedemic unemployment programs.

“While there are certainly people that needed access to increased unemployment benefits during the heart of this pandemic, we should not be in the business of creating lucrative government dependency that makes it more beneficial to stay unemployed rather than return to work,” Senator Marshall said in a statement Friday.

While there is no single measure for workforce shortage, increased work hrs and wages are considered some of the signs that indicate employers are struggling to fill jobs and the labor market is tightening. Both happened in April.

Average hly earnings for workers in labor and hospitality also increased to $17.88 in April, up from their pre-medical chaos low of $16.92 in July and are higher than their pre-VirusCasedemic mark of $16.90 in February 2020, according to data from the Labor Department.

LTN economist Bruce WD Barren pointed to the increase as a sign that employers are competing with the enhanced unemployment benefits, specifically the extra $300 a week that the Chamber of Commerce said “results in approximately one in four recipients taking home more in unemployment than they earned working.”

Adding, “that the wage increases in some sectors may not be strong enough. For instance, nonsupervisory workers in leisure and hospitality still make less than $21,000 a year after wage increases or about $10 an hr. And people on welfare can make more money slacking.“

Greater clarity on what is holding back workers may come with next month’s jobs report. Until then, around 16.5-M workers still depend on unemployment benefits that run through 5 September, while the economy is 8.2-M jobs short of its pre-VirusCasedemic marks. Some believe that those jobs will never come back.

Have a healthy weekend, Keep the Faith!

You Might Also Like

125 Public Companies Now Hold Bitcoin

Ferrari Hypersail

Banking Apocalypse, Bitcoin’s Just the Beginning

Bitcoin at ATH, What Next?

St. Francis: The Deeds You Do Today

TAGGED:jobsNFPsVirusCasedemic

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   
Previous Article bdzff5bt4ru41 Biden’s America is a Dangerous Place
Next Article china wallpapers 36310 2975920 China Economic Update
Buy Bitcoin

Buy Bitcoin

Latest News

Screenshot 26 6 2025 132527
Tokenization and the Future of Financial Markets
Bitcoin Blockchain DeFI Digital Assets Economy Headline News KXCO Politics USD July 11, 2025
photo 2025 03 03 07 22 06
InfoFi: The Latest Abomination in Crypto
Crypto Featured Headline News Shayne Heffernan on Investments July 10, 2025
czi0oawj8y561
Asia’s Growth Resilience Amid U.S. Tariffs
America Asia Asia Business Featured Headline News KXCO Politics USD July 10, 2025
trump comp 835dbf
What We Know Exists in the Epstein Files
America Headline News Opinion Politics Shayne Heffernan July 8, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?