Opinion: Many Americans aren't going back to work, but it's not for the reason you might expect
Paul Brandus
Opinion: Many Americans arent going back to work, but its not for the reason you might expect
Published: Aug. 12, 2021 at 8:56 a.m. ET
By Paul Brandus
Unemployment benefits play only a small role, research shows
Millions of Americans now receiving pandemic aid will see their benefits end in September.
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Thus, jobs arent being filed because folks are getting a measly $300 a week from the government. Theyre not being filled because people arent financially compelled to go back to work, particularly if it involves commuting.
Theres a broader observation to be made about working for the sake of working, of striving and achieving and proving yourself in the marketplace, regardless of the financial position youre in. But thats a discussion for another day.
And I dont want to sugarcoat this. There is no question that millions of Americans are struggling, and for whom $300 a week is a big deal. But theres also plenty of data to suggest that many others are riding out the pandemic in good shape.
Theres no one-size-fits-all policy to accommodate everyone. If times are flush for millions, then surely we can find a way to continue helping those who arent so fortunate.
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About the Author
Paul Brandus contributors@marketwatch.com
https://twitter.com/WestWingReport
Paul Brandus is a columnist for MarketWatch and the White House bureau chief for West Wing Reports. Follow him on Twitter @westwingreport.