Hello everyone and welcome to this episode of Ignition Time.
What is the one thing that can help 37%
of unemployed Americans return to work sooner?
I'm talking almost 4 out of 10 unemployed Americans being able to get
back to work, get back to life as we knew it prior to the pandemic. The one thing
that can have 37% of unemployed Americans return to work sooner
folks, it is paid family leave.
Here's the headline of an article on your screen from CNBC.
Paid family Leave could help 37%
of unemployed Americans to return to work sooner.
Many parents and caregivers have actually had to make the very difficult choice
of having to quit work in order to be able to take care of their young kids.
And remember, when you do this, you quit work.
There is no income coming in, and that creates new challenges
and that creates dependencies
that creates essentially the need to be
able to get unemployment benefits and be dependent on them.
A new survey shows that paid family leave
could help many, many unemployed Americans return to work sooner.
In fact, Democrats are expected to push
for paid family leave in the upcoming reconciliation package.
So what exactly is going on, folks?
A new survey from the Bipartisan Policy Center and morning consult.
And by the way, we'll show you that survey on your screen
right now, the value of paid family leave. We'll provide you with the link,
by the way, to all of these resources in the description section.
But this is important.
This new survey shows that having paid
family leave policies in place could help many Americans who have been sidelined
from the workforce during the pandemic and help them to get back to work.
In fact, here's a direct quote
and in fact, here's a direct image from the Bipartisan Policy Center.
The need for paid family Leave.
Today, 79% of workers don't have access to a defined paid parental or family
caregiving leave benefit, and 60% do not have access to medical leave.
Many workers face difficult choices as they seek to balance work, family,
and health. During the pandemic many opted to leave work altogether.
Now that the economic recovery is well
underway, paid family leave could play a critical role in helping adults reenter
the workforce or increase their work hours.
This is important, and you'll see this image on your screen.
This is again from the Bipartisan Policy Center.
Over 1/3 that's 4 out of every 10.
Almost 4 out of every 10 unemployed adults say that they would be more likely
to return to work sooner if their employer offered paid family leave and 45%,
this includes almost half of unemployed caregivers.
Now, this is important.
58% of those who reduced their work hours
during the pandemic, over half say that they would be more
likely to increase their hours if their employer offered paid family leave.
This includes 78% of all parents,
69% of Hispanic adults, and 65% of black adults. In fact,
here's a quote from Adrenne Schweer from the Bipartisan Policy Center,
americans want to work and they want to have healthy families.
This survey yet again shows their access to paid family leave,
maybe the missing ingredient that allows millions of Americans to have both.
Now, by the way, this poll was conducted
in the middle of August among a national sample of two 2200 adults.
So this is a very interesting new data
point, folks, let me know what you think in the comment section below.
But folks, in America, we are one of the few industrialized
countries in the world without a national paid family leave policy.
In fact, Democratic lawmakers.
I expected to address this when the three
$5 trillion budget reconciliation bill gets drafted by the 15 September again.
And this is important.
79% of workers do not have access to paid family leave, 60% do not have access
to paid medical leave, and 37% of Americans say they would return
to work sooner if the employer offered paid family leave.
That includes 45% of unemployed caregivers.
So if a new employer provided paid family
leave, how likely would you be to return to work sooner?
Let's take a look at the survey responses.
Very likely 16% somewhat likely 21%
not too likely 6% not at all likely 8% but folks, let's look at the very likely
and the somewhat likely that's 37% combined.
In the meantime, out of those who did indeed cut back their
workers during the Pen Deming, 58% said that they would increase their
work hours if their employer offered paid family leave.
Now these results essentially follow
another survey conducted by the Bipartisan Policy Center.
This was back in April, and that survey found that ten.
6 million workers left their jobs
in the past year due to caregiving responsibilities.
I want you to think about that for a second.
Also,
African American and Hispanic workers were more likely to say that caregiving has
significantly impacted their ability to work.
Now, what is happening here, folks,
is because the unemployment benefits are gone and the Delta variant is essentially
impacting plans for parents to have kids go back to school.
Things are starting to become more and more challenging.
Here's a quote from Ben Giris,
who's an associate director of economic policy at the Bipartisan Policy Center.
In this environment,
I think it's important that parents and caregivers need workplace is flexibility.
What this survey shows is that paid family
leave can be an important piece of that equation.
I tend to agree, folks,
because I think paid family leave is extremely important and not everyone not
every individual has that flexibility to actually even have paid family leave.
In fact, the Family's First Covert Response Act
provided emergency paid leave to qualifying families.
In fact, Gerris also said this this is an issue that has a good amount
of Bipartisan support because it helps support families.
It improves workforce attachment.
In other words, it helps people stay in their jobs
and hopefully be more productive and be more happy in their jobs.
And this intern grows the economy.
And this is a very interesting part of the survey.
Have you reduced your work hours at any point during the pandemic?
Fathers, 46% of them said yes.
Caregivers, 39% of them said yes.
Parents, 37% said yes.
Mom's, 28%, said yes.
So think about that for a second.
This is a huge challenge.
The big question, of course, is how we are going to pay for this.
How is this actually going to be implemented?
Will it be paid for with a new payroll
tax, or will it be provided through a tax credit to parents?
Now, President Biden has proposed paying
for up to twelve weeks of paid family leave by raising taxes.
Now his plan, which by the way would be
phased in over ten years, would cost about $225,000,000,000.
There is another plan it's called the Family and Medical Insurance Leave
Act, would face coverage in more quickly and cost an estimated $500 billion.
That's more than twice President Biden's
plan that would cost $500 billion over ten years.
Now the Family's First Act, which actually was supported by both
Democrats and Republicans, provided a tax credit to small to midsize employers.
But the Democrats want a much, much, much more permanent solution through
the process of reconciliation, which will only require a simple majority
in the Senate, meaning 50 senators, including the Lynchpin,
the conservative Democrat from West Virginia, Joe Mansion,
who I pointed out very early on in the Biden presidency as being a game changer.
And as it turns out, he was the one who helped limit
the unemployment benefits through the American Rescue Plan.
And he was the one who encouraged
President Biden to limit those who were getting stimulus checks.
The most recent round of stimulus checks
in he is the one that is essentially set to the White House.
No, no, no, no, no.
We're not going to spend three $5 trillion.
I can support up to one $5 trillion
in spending to which President Biden said, we can work something out.
He's referring to Joe Mansion.
Of course, the two Joes will get together and work it out.
Thank you so much for watching.
Please click the like button. Please click subscribe.
Please enable Notifications my name is Dr. Nathan Shoda.
As you know, I work hard on this channel
every single day to bring you the latest news to bring you the truth.
Whatever the truth might lead us, think of this as s another episode
of the DC Comedy Hour, but this time the stakes are very high.
Except the difference this time, folks with the DC Comedy Hour is these are
not political shenanigans and political games.
These are people's lives, their livelihood, the wellbeing of their
children at stake with paid family Leave again, please click the like button.
Please click subscribe. Please enable notifications.
Thank you so much for watching.
I'm looking forward to seeing you in the next episode of Ignition Time take care.
Bye right.