The labor market mess awaiting Joe Biden

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A potential crisis will greet President-elect Joe Biden before he even enters the Oval Office: An estimated 12 million people will lose their jobless benefits at the end of the year without another aid package from Congress.

President-elect Joe Biden will inherit one of the weakest labor markets in U.S. history, with record-high unemployment, widening inequality and deteriorating economic conditions.

Last week, workers filed another 778,000 new applications for jobless benefits, an increase of 30,000 from the previous week, the Labor Department reported Wednesday. More than 20 million people are currently receiving unemployment benefits. “These are the kinds of investments that are going to strengthen our economy and our competitiveness, create millions of jobs, union jobs and doing so, or respect the dignity of work, and empower the voice of workers,” Biden said.An analysis conducted by Moody’s earlier this year found that if Democrats were able to fully adopt their economic agenda, 18.

House Democrats’ efforts to pass a measure to raise the minimum wage to $15 stirred headwinds within the caucus last year. And that bill was never taken up by Senate Majority Leader Mitch McConnell after it eventually passed the House.

 

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Sad if this does happen, I hope the majority of Americans know this an early Christmas present and start to the New Year from McConnell, Graham plus rest of GOP members of the Senate. They along with trump will do nothing to help with smooth transition, because they lost.

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Biden will not be entering the White House. More likely a prison cell at Gitmo.

But, By God, we have a Space Force.

sounds like McConnell will be the bad guy in that event

Trump is screwing things up as much as possible for Joe. How does the GOP think this is alright? How do his cult reconcile the fact that call themselves patriots but will stand by while he pulls crap like this. The big Macho Man is just a scared, little bitch.Adios, MFer!

Because Leftist governors kept states unnecessarily locked down?

Republicans Strategy to weaken a Biden chance of success, even if it causes death & suffering ?

There is $500b that Democrats rejected there

How many democrats does it take to fix America's problems ? .... Nobody knows it has never happened.

Biden’s Waterloo is the pandemic he is clueless about despite his election claims !

Just remember who is not doing anything about this: Small Man Trump and Moscow Mitch.

Thanks to America’s corrupt democrat politicians

joe will give us free money. everything will soon be free. no need to work.

Joe can't even put his shoes on the right feet ...

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