Hello everyone and welcome to this episode of Ignition Time. There are many individuals
who are unemployed across the country, who want to get back to work but simply cannot
because there are certain considerations that they have and there is a fear of losing the $300 a week
because it could spell financial disaster. Welcome to our channel everyone. My name is Dr. Nitin
Chhoda with Ignition Time. This right here is a little bit of information about me. You'll learn
more about who I am, what my journey has been like and why you should listen to me. Here's a headline
of a brand new article on your screen from CNN, These people want to get back to work but can't,
and they fear that losing the $300 a week benefits will spell financial disaster. This particular
article takes a look at several individuals who are dependent on unemployment benefits and simply
cannot get back to work. We'll actually take a look at some of those considerations now.
Let's take a look at the first consideration which is that child care is a factor. Now the truth
is these expanded benefits may prompt certain people to stay at home but the impact is minimal
according to several economic studies. In fact, the biggest hurdle to returning to
work includes a lack of child care, a lingering fear of contracting the pandemic and a mismatch
between the skills that employers want and the skills that unemployed individuals have according
to several economists. Many individuals have been trying to get jobs and are trying to get back
to work but they simply cannot get back to work because of child care considerations. Again this
article provides examples of many individuals who are trying to get back to work but simply cannot.
For many parents the situation is dire and complicated because now that the school year
has ended many parents now need to find care for their 9-year-olds, for their 6-year-olds
in order to get a job. Another consideration is job listings but no interviews. There are a lot
of job listings but unfortunately individuals are just not getting called for interviews. So
there are again many examples in this particular article that will provide you a link to where
individuals are simply applying for jobs but are not even being asked to come in for interviews.
In fact, when they do get asked to come in for an interview oftentimes these interviews
tend to get cancelled. So again there are many many jobs that are now available as the economy
is reopening but sometimes individuals apply for jobs and are not even called in for an interview.
And many many individuals are responding to emails and texts asking them to apply for open positions
but many individuals are not hearing back and are not actually landing the job. Let me know if
you're applying for a job in the comments section below but are not being called for interviews,
are not going along are not going further in the application process simply because the employer
is not getting back to you. So this is an example of a situation where an individual wants to work,
is applying for jobs but simply cannot cannot get called for an interview. So there's not much
that this individual can do also old jobs still haven't come back yes you heard that right all
jobs still haven't come back many individuals in travel leisure entertainment and hospitality have
lost their jobs permanently the reopening of the economy also means that old jobs could return but
unfortunately for many individuals the old jobs have not returned and the pandemic benefits have
also run out because many individuals are now in a situation specifically if they are in the 20 plus
republican states that are ending unemployment benefits early they are now finding themselves
in situations where the state terminates all federal unemployment benefits and after that
these individuals have to rely on their savings so that is what is going on everyone individuals are
dependent on the 300 a week unemployment benefits they want to get back to work but they simply
cannot get back to work because a child care is a factor if you have a young child you need to make
sure that the child is looked after before you can get back to work child care is a major factor in
fact if child care was not a factor many many more individuals would return back to work that
is the first factor the second factor is many job listings but no interviews in other words there
are many job listings and people are applying for the job listings but there are no interviews
there is no there is no progress in the in the interview process in the job seeking process
presumably due to a mismatch of skills between the employee and between the employer and also
the big factor is old jobs still haven't come back a lot of individuals have lost their jobs
permanently because their employer either went out of business or their employer simply
eliminated their position which is a horrific reality for many individuals to be faced with
many of us who are on unemployment benefits who are depending on unemployment benefits
have for the first time in our lives found ourselves in a situation where we are dependent
on assistance from the states assistance from the governments and this again presents a strange new
reality for the millions of our fellow americans who are dependent on unemployment benefits
who are now finding that these unemployment benefits are being taken away from them
simply because of politics i did do another video on our channel where the democratic states the
states with democratic governors have not ended the 300 a week unemployment benefits but the
states with republican governors who ironically have a higher unemployment rate across the board
who ironically have lower wages across the board have decided to do away with the 300
a week in unemployment benefits and this jp morgan report has proved that this ending
of the 300 week unemployment benefits is indeed political more so than it is economic or financial
because at the end of the day politics is about timing opportunity it's about tribalism and it is
about perception this is where we find ourselves now child care is a factor a mismatch between
employers and employees creating a situation where there are job listings but no interviews
and also finally all jobs still haven't come back many individuals have lost their jobs permanently
through no fault of their own as a direct result of the pandemic many individuals who simply
want to put food on the table who want to keep the lights on who want to make rent many individuals
who don't want to be dependent on the government for a handout now find themselves in a situation
where the 300 a week is being taken away and this puts them on the edge of financial disaster thank
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we appreciate you we look forward to seeing you in the next episode of ignition time take care bye
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