92.4 F
College Station
Thursday, June 17, 2021

How Federal Unemployment Hikes Are Killing Small Businesses

Local News

College Station Bans Traditional Pet Shops

At Thursday's meeting, the College Station city council passed an ordinance that prohibits the sale of non-rescue dogs and cats in pet...

College Station to Vote on ROO in Special Meeting Today

The College Station City Council meets Monday at 4 p.m. at city hall to consider a Restricted Occupancy Overlay (ROO). The ordinance would allow single-family...

College Station Plans on Borrowing Additional $62 Million Without Taxpayer Vote

The College Station City Council voted to begin the process of issuing $62 million in certificates of obligations for capital projects. The...

Brazos Valley Hospitalizations Continue to Decline After Mask Order Rescinded

Texas Governor Greg Abbott issued Executive Order GA-34 on March 2, 2021, and the order went into effect on March 10, 2021....

Half of states across America have announced they will stop participating in the federal government’s weekly $300 unemployment bonuses. The plans were set to expire in September, but 25 states looked at April’s jobs report and knew it couldn’t wait.

Why couldn’t it wait? Because open jobs were remaining unfilled, while millions of people collected unemployment. Economists predicted 1 million new jobs in April. Instead, only 266,000 jobs were added.

Newspapers nationwide have been filled with stories of empty job fairs, interview no-shows, and employers begging for people to come back to work. It’s nearly impossible to drive across town without seeing a “now hiring” sign in a storefront window. There are 8.1 million job openings across the country waiting to be filled — a record high — yet unemployment actually rose to 6.1 percent in April.

It’s not just the industries hit hardest by lockdowns, like the leisure and hospitality sectors, struggling to find workers. U.S. manufacturers reported a record high of 700,000 jobs available last month, but few takers. Some blame so-called “starvation wages,” but wages are rising faster than they have in years. In fact, every single non-farm private sector of the U.S. economy saw wage growth in April.

Jobs are paying more than ever, and there are more jobs than ever from which applicants can choose. All these signs should point to an economic boom, but there’s just one problem: the federal government is paying people to stay home, and it’s crushing small businesses.

Unemployment was created to provide temporary assistance to people who lost jobs through no fault of their own and are actively seeking work. But when politicians shut down the American economy to “flatten the curve,” it prevented millions of workers from earning a living for their families. Government officials promptly expanded welfare programs to unprecedented levels in an attempt to fix the mess they created. But they only made things worse.

Congress boosted and extended unemployment benefits, relaxed eligibility rules, and suspended work search requirements. They made it as easy — and lucrative — as possible for people to live without having to work.

Continue reading on thefederalist

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

State News

Autopsy Report: Taxpayers to Reluctantly Continue to Fund Lobbyists

The 87th legislative session has reached its conclusion and though several bills were filed to ban the practice of taxpayer-funded lobbying, ultimately none of...

After Legislature Leaves, Abbott Announces Plan for Texas Border Wall

After hinting at an upcoming announcement last week amid the growing border crisis, Gov. Greg Abbott officially announced a plan for the state of...

Austinites Continue Fight Against Democrat-Run City Hall Over Homeless Hotels

AUSTIN — Amid a tumultuous two-year public safety disaster in Texas’ capital city, citizens continue to resist harmful decisions by their city officials—and are...

Have Texas’ Power Problems Been Fixed?

Despite Gov. Greg Abbott signing legislation in response to the February blackouts, concerns have emerged about Texas’ power grid this summer. Texas Scorecard spoke...

Gov. Abbott Asked to Ban Employer Vaccination Mandates

Despite Gov. Greg Abbott’s claim that vaccine passports are prohibited in Texas, employees at a Houston Hospital are having to fight their employers’ mandate...

Continue reading on thefederalist