Dr. Nitin Chhoda highlights the new economic reality of workers not wanting to go back to work, for understandable reasons. While this is a human reality that must be acknowledged, it is also an economic threat since it presents new challenges for workers and employers.
Workers don’t want to come back to their jobs. This also presents a problem for the federal government and state governments.
The Fed’s Beige Book said economic activity declined across most of the country, and it fell sharply in most regions.
Amid mass unemployment, workers were reluctant to go back to their jobs, citing safety concerns, child care issues and the generous unemployment benefits from the government (including the $600 federal booster).
Dr. Nitin Chhoda explores THREE things in this important training video:
1. Current status of unemployment benefits
2. Concerns from workers about going back to work
3. What the future holds