tv News. Views. Hughes RT June 24, 2021 12:30pm-1:01pm EDT
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no use in on this special edition of new use hughes. we're going to give you an in depth look at the labor situation in america and why it seemed despite the country continuing to reopen, it seems like a large portion of the workforce is refusing to clock back in. we're going to tell you what industries are being largely affected by this labor shortage. and the incentives being offered by some companies to motivate workers to get out of their virginia pants and back into the office. also could be lack of americans to go back to work in some industries, be the push needed to get immigration reform on the fast track. we have gathered our best team of reporters and expert gas to do the research. so you're only labor is to watch and form your own opinion. ah, we want to start have our showed start with breaking news. former anti virus magnet
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. john mcafee, has been found dead in his prison cell in barcelona. now this comes just hours after a spanish court approved his expedition to the united states on tax evasion charges . there was an official statement from the ministry of justice, a magazine was found in his cell this wednesday evening. now there were guards and prison, medical staff tried intervene and attempt to recess a nation where segmentation now investigation, investigators have been dispatched to jail to probe the cause of death, but the ministry added and i will make sure, you know, this is quote from the ministry everything indicates it could be a suicide se turner's. we continue to follow this story right here on our to america. now i want to get back to our special report on the labor situation here in america as the economy fully rebound, not everyone is going back to work. a surprising move, surprise moving some employers actually scratching their heads as article wanted. natasha suite reports. some companies are even offering incentives to lower those
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employed back and potential new workers. as you can see, businesses are getting busy or as big as have loosen pandemic restrictions, and to keep up with demand companies are looking to hire. many employees aren't ready back to their old job. as a pandemic force to many businesses, such as retailers and restaurants to close millions of workers for laid off. and now some companies are having a hard time getting workers to come back with stimulus checks in places like california covering all past unpaid rent. some people solid actually paid off more to stay home. but now with 46 percent of the population vaccinated in math mandate, being many companies are looking to make up for lost revenue. but they can't see went without workers in ocean city, new jersey, the owners of a restaurant say labor shortage is so diver there that they've had a least robots to help run food orders to table. so we needed some extra help. and
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one of the ways is peanut here, and it acts as both a food runner and a busboy for us. but not every company can hire a robot to a place. workers in april, some 649000 retail employees gave notice for that sector. it's the largest one month exodus and over 20 years, everything from outbreaks of covert in the workplace to low wages. many workers are either staying home, going back to school or looking for a higher paying job. some are using the opportunity to switch careers altogether, or restaurants and retailers aren't the only ones getting hit airlines or even canceling flights because they simply can't keep up with the new demand. and it's not just here in the states. the british airline pilots association has called for more help and clear guidelines from the u. k. government regarding a vacation and navigating the exit from the pandemic, be delta varian gave way to recent travel restrictions. those guidelines have caused flight cancellations, which in turn have led to job losses. brian straighten spokes person from british
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pilots questions. the government's judgment. the government hasn't published any of the science. it's had to global task force. it's looking at this house and implemented it's recommendations in the country like portugal and the green list, and they take it all. government seems to be doing the whole coach on whether people can have some holidays and visit friends with families abroad. and as some workers are citing childcare as a reason, they're not going back to work. the buying ministration is now offering more child tax credit. it's all part of the one point. 9 trillion dollar cronum virus relief package through tax credit and food assistance and housing assistance and health care coverage and direct checks the american rescue plan. and here's the general. the american rescue plan will lift half of americas children out of poverty. the administration is banking on 15000000000 for child care fighting claims to be able make it easier for people to return to work. however, the
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a does not require any proof of these parents going back into the workforce. as many continue to stay home. some employers are offering more incentives, everything from free food to pay college courses. some stores have increased starting positions to $15.00 an hour, including target best buy and k, jeweler's. amazon is offering signing bonuses as high as $1000.00 to new employees . and as it stands, retailers have twice as many job openings as they did one year ago. the only time will tell if these incentives will be enough to get people back to work. post pandemic reporting for news you choose and talk to archie. joining us to discuss the labor shortage and the effect is having on the overall economic recovery is texture. stephen hayes and professor of economics. richard, well, thanks for joining me now. and i've got a point i've been, hey, you've got a book right now. you're the author of the sickness or when capitalism fails to save us from panoramic or itself, that would be a professor. well,
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thanks for joining us. i want to make sure i get that done in there. use the credit for being the author on. so professor, once since i, since i leave with you, i got to ask someone would have told me a year ago that today would be trying to push people to go back to work. i would have watched them because i remember year ago we were all going, we just want our jobs. we were worried about whether they were going to be there and how long they could last with us being at home. so why do you feel like the people are not going back to the jobs they had prepared to make? and in your opinion, is this a bad thing? well, i think it's part of our system works. i like to put in a word for the workers. here's what happened, they lost their jobs, millions and millions of them. the employers lost the profits that those workers would have generated had they been employed. now those employers want to make up for all that they loss. they didn't ship quietly by. they want workers to come back under conditions that are not as good as the jobs were in the past for wages that
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couldn't begin to help these workers overcome what the pandemic, amber, economic crash cost them. so you have a clash between what workers need and want and in my judgement deserve, and what employers need and want to recoup the profits that they regret having loss . this is a clash, it's a labor shortage. it's not a capital shortage. it's a consequence of a system that is squeezing both of these players and each of them is trying to take advantage of the other. but we always know that the employer has the bulk of wealth and the resources to do better in this kind of struggle. and i think that's what's going on, professor will actually take your task at one point you made there about this class between the businesses. but 1st, let me bring in steven and ask him, you know, the long term effect of this. because if you don't have people working, you're a tax attorney, then you don't have people actually paying taxes into the system. how could potentially affect you think municipal budgets are schools or police are in
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government programs like social security down the road? well, it's going to have a big effect. however, a lot of the spending that these workers are able to do is because there's been enough benefits just like vice president harris said being given to them. so there's a lot of money being spent. there's a lot of sales taxes being taken in which you've got a real systemic problem and i think the pressures right? but i think maybe the solution is not going to be what most workers want to hear. i think you're going to have everything driven more and more to using more productive ways to replace work or you're going to have fewer and fewer jobs. you know, you can offer people $15.00 an hour and i used to be in nevada. that used to be the amount you had to have is a minimum and i get them to come back to work because for many of them, they cannot replace the benefits they are getting when everything is taken into
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account with $15.00 an hour. so there's no economic incentive for them and their families to go to work. but i do believe it's going to start having a long term effect of driving jobs away. well, you're going to see a lot of companies trying to get work that overseas of things that were being done here exactly the opposite of what we need in our country because they don't have some of the same standards that i think american workers have come to expect and deserve, but professor wolf, i want to bring this back to, you know, we can separate. we know this week that jeff pays as new numbers of come out and he may billions on certain days. or there is the big companies. the wal mart shows the state open. they definitely actually turn a really nice profit during all this bars. i'm not concerned about them. i think that's a different conversation. i'm concerned about the small business owners and yes, you and i can talk about how, what workers deserve. but some of the small business owners can barely stay in business as it is right now. so what is the healthy balance right there?
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i mean, you can say you have to raise the wages they deserve more pay. but what if they can be small business owners can barely keep their doors open as it is where they were at. i agree with what you're saying. i agree with the contradiction. and the conflict between working people on the one hand and small businesses. i value small businesses. i think most americans do. but here's what i resent portraying this issue as if it's an either or if we want to have workers pay decently, which i think most of us do. and if we want to preserve small businesses, which i think most of us do, there is a solution. give the small businesses the support, the assistance, the government breaks, the tax breaks so that they can afford to pay workers decently. and go to the big businesses who have made out like bandits even during this pandemic. and begin to take the wealth from them, impacts asian. so we have the society,
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we want the page workers, reasonably and protection support small businesses. and, you know, in this case, i think you do make a lot of sense. and the problem is, we're asking the politicians whose lobbyists are mainly hired, not by the small businesses, but by the big corporations to actually overhaul their tax system. and i don't think that's going to happen. you know, unfortunately that's how washington dc has worked in the past. stephen, that being said, the overall cost of living is going up at incredibly fast paced and bills have to be paid. i agree and get an assistance in giving the small business. i believe it actually changing the law so they can get the tax breaks. they need not the checks being printed out to cover like what we've had to do this past year. that stephen, on this case, you know, is there going to be a place that where people say, you know what, i have to go back to some job because the government basically stopped using their government printer to print to check to pay my bills. are we going to see and how long down the road do you think that could be where you've got 25 states that are stopping the federal assistance to unemployment, which is going to bring
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a lot of households down to where they're going to need to go to work to supplement their income, about 4000000 workers are going to be effective starting in june and most of them have done it. so you're going to see a push for at least some of those people to go back to work. the ones that can afford it, by what i mean is from childcare. if they can handle the childcare is going to go back to work. but there's going to be a time, in my opinion, and that's what's wrong with a lot of these ideas. we're going to benefit from the rich companies and put it down because rich companies. yes, there is a gap basis, but rich companies are primarily own not by jeff basins, but by all of us in our, for one case in our and even the professors retirement account is probably invested in many of these companies. if you increase their cost, you're going to reduce the value of those assets. so it's not a simple solution. it's not an equal b, therefore it must be
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a and b c. it's actually got lots of factors. you're going to have more inflation, the more you print money right now. you've got the highest inflation we've had in years. people say it's temporary. i don't know about that. you've got a situation where things are going to cost more, if for no other reason than they can't make enough of them. if you can't get workers to come in and products, you're going to have a shortage of supply. what does that mean? that means what is up 6 times over the last 2 years. that means that lots of production is not happening. that would help keep prices stabilized. it's a very complicated problem, not saying that professor doesn't understand that. i think we have to look at it right. that is not just the new maintain of money. we've got to find real solution . alright, give me one minute for the professor to respond. i think i agree with you. i think we should make these companies take care about what they pay their executives and
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a whole lot of other things they do that could protect those who invested their re, you know, retirement money in these companies. we don't have to take what's given to us by the decisions of the tiny minority of our people that run these big corporations. they keep calling the shots, they release the information we're all supposed to use. and i think they're laughing all the way to the bank as we struggle with the complexity when there is something we ought to have been doing for a long time that they be needed. whether it's their taxes or their social responsibility. and i think even more and more of them are recognizing that the kind of mano, focus on their profit ability over recent years, is leading them into a very dangerous dead end. but it doesn't matter what they realize. it's actually people responsible for them are the ones that i think are the ones that are actually laughing at that point and that would be the politicians. here's what
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we're going to talk about when we return after reg. gentleman, thanks for joining me on this conversation. thank you very much. so as i mentioned when we return kid, those calling for immigration policy reform use the current labor shortage to push through a comprehensive immigration reform plan. it all comes back to d. c. this could actually bring in workers legally to do the job. americans might not want to do anymore. burn front fact will share with you what she has found out . ah, well, it was i was taking in, you've got global war. it's like all countries are not competing to accumulate the most bitcoin as part of the game theory that's built in to the incentive stack. that is the magic of bitcoin and was unpredictable who exactly would take the 1st step and we talked about possibly japan, possibly around. possibly. russia turns out that nel, salvador is taking the 1st step toward a fit point standard,
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making bitcoin legal standard. responding could be necessarily need budget here to determine the value. but again, jackie jones is died. i might be too much difficult to find the but there are 410 days right on the bank of the water, chemical life and hazardous is going to develop new treatment. their international market know that these industries that polluting you're simply ignoring one day mother and when we love them other than the admins we love to in
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the ah, united states slowly but surely is returning to normal after covered 19, now, many assumed americans would rush back to work, but the labor market is telling a different story. now americans are not going back to work and it could put the economy in jeopardy. so what's the problem? and moreover, how does the u. s. government, post politicians plan to fix it? or to for a project looked into this and tells us about a really bold move by the united states chamber of commerce. a move that some might say might be a little bit too late. considering we have been dealing with this pandemic for over 14 months. and what's interesting is all this is coming about right now. so it
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seems like i was the politicians and those organizations that are used to like the politicians, are realizing that they have a problem on their hands. here comes for a project with the latest and everything going on with the chamber of commerce. it's been a who's to blame game in america's labor shortage crisis. republicans say it's expanded unemployment benefits. democrats say wages and salaries are too low and both agree. it could also be hard to find child care, but there's one more reason they all are missing. do not come. do not come. the united states will continue to enforce laws and secure our border. there are legal methods by which migration can and should occur. weeks ago, vice president comma le harris was adamant that immigrants trying to cross the border or enter the u. s. should stay where they are. but immigrants,
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specifically skilled immigrants, or what american needs. now more than ever. here we are in an empty dining room when normally for lunch we would be open and serve in, you know, a couple 100 guest mac k own sea food restaurants and a c food distribution operation. a 3rd of the staff are seasonal v, as a workers with visas are backed up in the approval process. stemming from coven 19 has tried, but come up short and hiring american workers this year because of our staff shortage. both with us workers, but also workers from overseas. we've, we can't fill the demand, the us immigration agency annually issues 85000 h one b visas and just last week alone, immigration received 300000 petitions. currently we have a little bit over 100 people right now, so we're struggling to keep up with the demand of business. now the u. s. chamber
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of commerce is asking the u. s. government to double the number of h one, b visas and employment green cards along with getting rid of country caps for green cards to bring back those skilled workers. the chamber of commerce, calling the campaign. america works. as we continue this recovery, we're going to have some bumps along the way course that'll happen. we can't reboot the world's largest economy like flipping nice light switch. the industries hardest hit because of the halt and approving visas. besides restaurants, hotels, and all things hospitality. you also, of camp counselors for children were more than $25000.00 of them are foreign workers. you have construction manufacturing and all things building. long haul trucking to make sure your prime deliveries are there in 2 days. and a major shortage with skilled workers and engineering and computing, they're going to be ups and downs in jobs and economic reports. but we're going to
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be a supply chain issues and price pressures on the way back to stem stability, to steady growth. the federal government issued an additional $22000.00 foreign worker visas, all ready to help fill jobs, and even gave out $11000.00 more after that all now claimed, begging the question, well, this push the bided administration to reopen america's borders for news use use. i'm fair in france back joining us out as discuss it, ned ryan, state of american majority. net thanks for joining us on this. you know, i got the idea of the show the show last week, when i took a group of my daughter's friends to waffle house 11 pm traditional, what else are going to do in the summer? and they had to close their dining room because they had only one person to work at the entire night shift. other friends of mine are closing their businesses monday and tuesday because they don't want to put a strain on the staff that they do have. why is this happening when those same jobs were filled, pre pandemic?
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well, it's a, it's a preserve perverse incentive structure. scotty, when we're saying $630.00 for a week for unemployment benefits. i mean, that's more than twice the minimum wage. i mean, in washington state, it's gone up to unemployment benefits average out to be about $28.00 an hour. so we're incentivizing people to not work because they can make more money by not working. and at some point, obviously, the american rescue. american rescue act is going to end september 6. i think half the states have already tried to in those benefits. i think the rest are going to let it expire september 6th. i think you're gonna see millions start to come back to the workforce when those those incredible unemployment benefits stop happening. and they're going to realize we have to go back to work. i think at same time, i think the market is going to kind of work its way out where i think small businesses are going to realize we might have to pay a few extra dollars. i thought you pull, les not going to start some people at $18.00. now of course the consumer is going to get to pay 4 percent more for a burrito. and so i think you're going to see some of these, these,
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these incentives go away. and maybe even some of a trade off where people are going to have to pay a little bit more as people come into the workforce for a little bit higher wage. net. i want to get our friends over smith, who is a ceo of transformative research cutting tobin can add a view of this conversation so that we have the full view is immigration for me, answer to bring in this much needed labor. do you think an industry like agriculture and hospitality, or is it going to more to devise americans to stay at home and take their job 1st very because don't do any agriculture work. they don't do any back of the kitchen work, but 560000 people were deported this year. who do those jobs? so yeah, we're going to have to do something. i mean, you know, the other thing people don't quite realize is that a lot of these jobs people have left. we have, you know, almost 7000000 people who've left service jobs about only 3000000 him up. come back . and one of the reasons is scotty, i don't know if you knows if you have friends in a restaurant business, but my restaurant friends tell me that their people hate working at the restaurant
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because people have been getting them so badly. and now they have a manufacturing jobs at the $22.00 to $23.00 an hour. that maybe they didn't think were so hot. now they're looking at those jobs and they're taking those jobs. and now manufacturing has needs another 2 and a half 1000000. so, you know, part of this is sort of a blessing in disguise for people who are working in business, where people treated them not very nicely. well, and i do think that we almost have like a re polite lesson for all of america. we've all been kind of as your and that's across the board anyways, ned, you know, i gotta look at this point. there were small businesses, those are the ones i'm really worried about in which they're being affected by this labor shortage. are they about to start becoming the base advocate for foreign workers just because they need someone to help them keep their doors open? i don't think so, scotty and, and the reason i say i think a lot of them making this calculation that by september, that temporary labor shortage might stop. again. we'll see how this plays out in a couple months. and again, i don't think it is humorous to me that the bite administration, of course,
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is using this temporary labor shortage to push and the chamber of commerce to push for more immigration. never let a crisis go to waste, but i don't think you're going to hear them advocating for a short term solution for long term consequences. i don't see that happening but that i think i'll be, it says, can't afford visa partners. i mean, anybody's ever gone to that process or been friends with someone, it's very expensive from that side. but i do have to make this political because i do believe this is being used in politics. tobin biden is actually claim and it's major victory in the job market as last month. 559000 jobs were added. do you think victory for the bottom, ministration or assist to be expected considering chest are bad. this past year has been on the labor force battle victory, like to say, yeah, you know, i mean just to be a thank somebody want you thank the people who gotten themselves vaccinated. because at the end of the day, the places are struggling. the most have these boneheads who have some idea that
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they're going to, they're going to die if they get back to the nation. and so they're having more problems, more issues. number one, number 2, we can thank the fed because the fed, whether you believe it or not, you know, i have kept the money tap out and so much that people are, we have a wealth effect and in a wealth of bad people, spend more money and they go out, they do other things other than sit home and watch television any popcorn. but yeah, buying this is sort of the premature victory. the real victory is going to be when we got 94000000 people. well, 160000000 people in the workforce, we still have 9 and a half 1000000 who are not. and the biggest issue is we have somebody that have dropped out and that's only going to be sold at higher wages. and that means we're going to have higher wages and we're brita. is going to cost you $0.25 more. ok. well they buy it, ned. 22nd for your response. no, i think there is going to be that market shake out where people get up just and we might have to pay a little bit more people coming back for higher wages. at the same time, scotty, we do have to work out where the tax structure actually is working for more of the
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small businesses, instead of this corporate tax structure that benefits the corporation. so i think we've got to go back and again, you pointed that out. there's an incentive structure from politicians not to touch that issue. we've got to figure that one out. well, let's hope they figure something out. thank you gentlemen, for joining me. hopefully this wasn't too much of a labor for you and that's all the time we have for today show, like always we want to provide you the information, the 360 view so you can make your own opinion on the conversations of the day. we will see you catch you later and see you tomorrow. ah, ah! when i will show the wrong one all room. just don't. the rules. yes to fill out the thing because the attitude and engagement equals the trail. when so many find themselves will depart,
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we choose to look for common ground in always be polite, never engage with an aggravated or confrontational office. don't get into any conversation to start answering questions. just ask for an attorney. to survive and interrogation, you've gotta be ready to step out. definitely don't want to be going to trial in the jump suit. one cups. you're more likely to walk free. if you're rich and guilty, you are. if you're poor, you got 2 eyes and 2 ears and one mouth. so you should be seen in here and a whole lot more than you're saying, if you don't take that advice, usually going to date yourself
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a whole the . ah, the headlines is russia wound the, to the consequences. it is territorial was, is violated again, or 3 k warship breaches it's black see borders also to come as far as software finance, mcafee spam, dead in spanish prison cell. and what the authority say was suicide. put off today, he tweaked it didn't, wouldn't take the home life. and the pandemic see the number of super rich joining the millionaires club. shoot up as a report, find that firm's profiting through the crisis. days spread the wealth to ordinary ah.
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