(20 January 2020) One of the most sensitive economic effects of COVID is the reality that millions have lost their jobs. And, contrary to economic crises of the past that tended to narrow the gap between the rich and the poor, the corona-crisis has only widened that gap, a point US President Biden featured in his inaugural address today, "... Folks, this is a time of testing. We face an attack on our democracy and on truth, a raging virus, growing inequity, the sting of systemic racism, a climate in crisis, ..."
Unprecedented government stimulus and the partial cancellation of COVID containment restrictions boosted the US economic recovery and thereby eased the US labor market to steadier ground during 2020. The problem is the recovery has unequally benefited high-wage workers.
The disproportionately high burden of the COVID pandemic on low wage workers is not localized to the United States only. Research by Eurostat linking the labor market impact of COVID-19 on workers with their income situation also shows that low wage workers in the European Union are under higher risk of temporary lay off/reduced hours and job loss compared to high wage employees. In 2020 income loss by low wage earners was 3-6 times larger than high wage earners in half of the EU Member States.
The US H-1B visa program that allows educated foreign professionals to work in the United States is taking a hit under the Trump Administration. In 2019, the US Citizenship and Immigration Services (USCIS) denied about 15 percent of H-1B visa petitions, a notable shift from 2015 when the denial rate was 4 percent, a rate second only to L-1A and L-1B visas, which now have a 28 percent denial rate. The Administration’s “put American workers first” policy seeks to improve Americans' welfare by reducing the inflow of low-paid labor. Toward that end, within the realm of work visas, the...
The real estate world has taken its share of the burden of the COVID-19 pandemic, as people empty out of offices, hotels, and malls and work from their homes. Economic activity in construction and real-estate contracted sharply this year under the weight of the pandemic, with the largest decline yet recorded in April, according to the US Federal Reserve. LinkUp jobs data suggests the situation in the real estate industry will remain tough in June. In the three months between February and April, new private housing building permits in the United States declined 30 percent compared...
Employees choose employers, just as employers choose employees. And, companies like Glassdoor make it easier than ever for people to move beyond annual salary and statistics on the highest paying jobs—none of which they may even be qualified for—in their evaluation of potential employers. Through regular surveys of employees, Glassdoor develops city-based job satisfaction ratings that account for work-life balance, cost of living, and competition among employees or, in other words, hiring opportunities. Glassdoor then ranks the most desirable cities for employment based on its...
If you are currently practicing medicine, architectural design, petroleum engineering, marketing, or law you are among the lucky in the best-paying career fields in the US. If, however, you are in school now then you should consider occupations such as wind turbine service technician and occupational or physical therapy assistant, fields which sources expect will be fast growing during the next 10 years. If you want both, a high-salary and fast-growing career, move into or study anesthesiology. These insights are provided by the Occupation Employment Statistics program (OES) of the...
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Политика приватности