Kenneth’s choice is reflective of a larger debate taking shape over whether the weekly $600 benefit should be extended in the next stimulus bill. Treasury Secretary Steven Mnuchin echoed concerns that it could disincentivize work for some people, despite several studies that find there’s no evidence of negative effects on the labor market, or on the relationship between the extra money and people staying at home. As economist Ioana Marinescu, who coauthored one study, observes on Twitter, “It can both be true that $600 is a disincentive to find a job in some cases as @stevenmnuchin1 says, AND that this has no effect on employment. When there are too many applicants for the few jobs we have, one person not applying makes no difference to the job being filled.” Neither can workers simply quit their jobs to obtain UI benefits, including pandemic unemployment assistance, because that is considered fraud by the U.S. Department of Labor. … [Read more...] about Gig work used to be a recession-proof safety net. Not anymore
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Taking a coffee or lunch break has been impossible as her team and manager want one issue or the other to be sorted out. “'The comment I often hear is 'you can always take a break after this' when I say I am on break and will call back in 10-15 minutes,” points out Dhanya. … [Read more...] about COVID-19 impact: Remote working has not made life easier for women techies
“Our supplies/exports are mainly to the non-government sector, dominated by supply chain cartels like Walmart, and much export to state agencies or departments doesn't happen. Also, US doesn't encourage Indian manufacturers to participate in public procurement processes and mainly involve companies in the US and EU,” Dinesh Dua, Chairman, Pharmaceuticals ExportPromotion Council of India (Pharmexcil), said. … [Read more...] about Lupin first company to shift manufacturing of some drugs from India to US after Trump’s ‘Buy American’ order
“We do not foresee any quick recovery coming in these companies post COVID and hence would recommend lightening position in these stocks except 3M India, Gillette India, and Godrej Industries. These 3 stocks can be accumulated on the decline,” he said. … [Read more...] about These lucky 7 midcaps turned largecaps in the last one year; time to buy?
“Our production lines are impacted because of the need for social distancing and other similar measures and not because of lack of workers. But temporary workers are in short supply and more so at our vendor partners and because of this there is a sense of anxiety,” said a top official of a Mumbai-based automaker. … [Read more...] about This week in Auto: Manpower shortage is keeping vehicle makers on the edge