US workers dip into retirement accounts; “Buy Now Pay Later” spending surges to record levels.

American workers facing financial hardships are increasingly tapping into their retirement accounts, with hardship withdrawals surging by 30% last year. As a result, one in six workers now has an outstanding loan on their retirement, significantly impacting average 401k balances and raising questions about the sustainability of consumer borrowing, especially as “Buy Now Pay Later” …

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41 workers in India are stuck in a tunnel for an 8th day. Officials consider alternate rescue plans

LUCKNOW, India (AP) — Officials trying to reach 41 workers who have been trapped in a collapsed tunnel in northern India for eight days were contemplating alternative rescue plans Sunday after snags with a drilling machine caused them to halt digging. A new drilling machine arrived at the accident site in Uttarakhand state on Saturday …

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Gen Z workers say they should be hired for their ‘personality,’ not productivity: We ‘set the vibes’

Forget the resume — Gen Z thinks you should hire them for their personalities. According to the youngest generation in the workforce, their humor and wit provides a certain vibrance older employees apparently lack. They’ve even invented a term — “personality hire” — to describe their self-perceived function in a corporate setting: to provide all …

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Despite Headline Inflation Decline, Essential Necessities Face Persistent 5%+ Inflation, Contributing to Ongoing Affordability Crisis; Older Workers Turn to Entry-Level Jobs; 40% of Under 30s Rely on Family Support for Home Down Payments.

Inflation in essential areas, including car insurance, car repair, transportation, rent, homeowner costs, and food away from home, far exceeds the 3.2% CPI headline rate, challenging the notion of a broader decline in prices and signaling an ongoing affordability crisis for consumers. While CPI inflation is at 3.2%, inflation is much higher in many basic …

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Starbucks workers file more labor complaints with NYC as union goes on largest-ever strike

Starbucks workers have filed more complaints with New York City, alleging that the coffee chain violated the Fair Workweek law. The allegations come as Starbucks baristas at more than 200 locations nationwide strike during the company’s busy Red Cup promotion. Last year, Chipotle paid $20 million to workers to settle Fair Workweek violations and $1 …

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Big Banks LAYING OFF tens of thousands of workers, including over 20,000 employees in the U.S. alone

via naturalnews: Big Banks all over the world are breaking records after laying off tens of thousands of employees, including over 20,000 American workers.   Scotiabank, one of Canada’s Big Five banks, announced recently that it is cutting about three percent of its global workforce due to changes to its operations and customers’ preferences, along with continuing efforts …

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Disappointing Jobs Report with Downward Revisions, Rising Unemployment, and Unsettling Trend for Hispanic Workers in October!

Jobs report is out: October is lower than expected, plus more downward revisions from initial reported numbers. Unemployment is also up. 34% of reported jobs gained were in government, while manufacturing lost 35,000 jobs. View post on imgur.com Unemployment among Hispanic workers rises at faster pace in October than overall rate Among Hispanic Americans, the …

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In Los Angeles, striking hotel workers have been replaced by migrant workers

🚨 In Los Angeles, striking hotel workers have alleged that hotels in Santa Monica and near LAX have been replacing them with migrant workers, including some who are homeless. 👀 The workers claim that this practice has violated age and child labor laws. Stay tuned for further… pic.twitter.com/OHn8NH6nJ4 — Human Dilemma (@HumanDilemma_) October 24, 2023

California’s $20 Minimum Wage Will Hurt the Fast Food Workers It’s Meant to Help

However, even though a $20 minimum wage is less extreme than a $22 minimum, California’s new fast food minimum wage will surpass the highest basic minimum wage in all other states—Washington DC’s $17 minimum wage is the closest to California’s new minimum for fast food workers. According to the Bureau of Labor Statistics, California fast …

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Geico laid off 2,000 workers (6% of their team)

Geico said “inflation and rising health care costs” are to blame. AllState had layoffs last week. Farmers laid of 2,400 in August. It does look like people can’t afford insurance like they used to. Rising costs of insurance are resulting in fewer employees that can keep a job. https://www.msn.com/en-us/money/companies/geico-slashes-2000-jobs-including-at-least-22-in-lakeland/ar-AA1iwydB GEICO, one of the nation’s largest …

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Starbucks Sues Workers for Refusing to Support Israel

by Chris Black If you work at Starbucks, you are contractually obligated to support Israel. If you don’t support bombing hospitals full of kids, Starbucks will sue you. New York Post: Starbucks and the union organizing its workers sued each other Wednesday in a standoff sparked by a social media post over the Israel-Hamas war. Starbucks sued Workers …

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Massive Economic Turmoil: Surging Credit Card Losses, Record Evictions, Soaring Loan Delinquencies, and Unhappy Workers

The sharp increase in credit card losses, coupled with the rise in evictions and loan delinquencies, paints a bleak picture for the economy, reminiscent of the challenging times during the Great Financial Crisis. Food Prices up Over 20%, Credit Card Delinquencies Now Higher As Credit Card Debt Grows on Inflation Despite Paul Krugman’s assurance that …

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Hidden Truth: Bidenomics’ Smoke and Mirrors – Gig Workers and Waitresses Rule the Job Market!

The recent “blockbuster” jobs report masks some concerning realities: nearly half of the new jobs are part-time or double-counted, and approximately 5 million Americans remain out of the job market, potentially pushing the real unemployment rate close to 7%. Turns out that “blockbuster” jobs report was hiding a lot. Almost half of new jobs are …

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Dumb and Blinded: ‘Biden has our backs’: Empowered UAW boss Shawn Fain announces another 7,000 auto workers will strike

The United Auto Workers strike is set to expand to over 25,000 workers as the mass walkout against Detroit’s ‘Big Three’ automakers stretches into its third week. Striking workers will add a Ford plant in Chicago and a General Motors plant in Michigan to the action, with further strikes already underway also hitting Stellantis. UAW …

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Migrant Facility Workers Make up to $20,000 per Week

BREAKING: NBC 5 reports that private shelter employees that house illegal immigrants make from $135 per hour up to $200 per hour. A manager of a migrant facility made $14,000 in one week and a nurse earned $20,000 in a week. pic.twitter.com/6P0a7Ae67F — I Meme Therefore I Am 🇺🇸 (@ImMeme0) September 22, 2023

American workers are striking at a record pace

by DesmondMilesDant The data is clear: workdays lost to stoppages have been on the rise in recent years, reaching a peak of 4.1 million days in August 2023. This trend is concerning, as it suggests that more and more workers are being impacted by raising living cost. The reasons for this increase are likely varied, …

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USA Today: Joe Biden considering forcing Americans to pay emergency aid to suppliers who could be hit hard by UAW strike… 10 days ago: Biden says massive auto workers strike is ‘unlikely’

via usatoday WASHINGTON – With the nation’s auto workers threatening to walk off the job at midnight Thursday, the Biden administration is preparing to offer emergency economic aid to auto suppliers to protect them from any long-term damage in the event of a prolonged strike, according to published reports. The Washington Post, citing anonymous sources …

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Explosion At Major US Food Processing Plant Leaves at Least 8 Workers Injured – Corn, Soy Processing Down

At least eight people were injured in an explosion at a processing plant in Decatur, Illinois on Sunday. Five of the wounded remained hospitalized as of Monday. The fire and explosion happened at an Archer-Daniels-Midland processing complex just after 7pm Central time. “ADM immediately contacted the Decatur Fire Department, which remains on the scene. Several …

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YouTube starts verifying health workers in the UK

‘YouTube has launched a verification system for healthcare workers in the UK as it battles disinformation online. In 2022, health videos were viewed more than three billion times in the UK alone on the video-sharing platform. Doctors, nurses and psychologists have been applying for the scheme since June and must meet rigorous criteria set by …

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