NEW YORK (AP) — Macy’s says it will stop paying tens of thousands of employees who were thrown out of work when the chain closed its stores in response to collapsing sales during the pandemic.
It looks like someone’s gonna have to come up with a lot more than a $1200 consolation prize to keep a lot of people fed and housed.
It’s NOT a good situation to be losing a job amidst uncertainty and a pandemic but it is more devastating that for some, as they lose their job and face uncertainty, they could also be fighting for their lives or the lives of their loved ones!
So while a president or legislative officials cannot stop a pandemic, how quick and what their response determines the infection rate and death toll!
So thanks, but no thanks, to the 52 RethugniCON senators that allowed the Covidiot Trump to stay in the WH and keep on lying, denying, delaying and sabotaging Covid-19 response!
Further more, thanks, but no thanks, to the irresponsible group of people Greed-Over-Pepole Party that advocates KAG (Killing American Geriatrics) for Wallstreet/Trump$$$!
Just FYI, if you are broke, hopefully you can recover BUT if you are dead, there is NO recovery in that! And further more, stop killing your base! After all, if the 1% survives and a lot of the 99% does not, you will definitely NOT get re-elected!
This just makes me sick. I am of an age where I still primarily shop in malls, and I am an avid Macy’s bargain shopper. The nice ladies that work at mine are lovely human beings. I am sad for them and sad for myself too.
Thankfully they are continuing health coverage (although that may change as well). One thing I have not heard discussed is what to do with all the laid off people who just lost their health insurance.
During a CNBC interview last week, [St. Louis Fed President James] Bullard said the jobless number “will be unparalleled, but don’t get discouraged. This is a special quarter, and once the virus goes away and if we play our cards right and keep everything intact, then everyone will go back to work and everything will be fine.”
Oh good, that’s reassuring.
If we could use the government aid to essentially put the economy on “pause” that would be great. Instead, a great deal of work is going to be spent first tearing everything down and then – eventually --building it back up again.
I agree. I was very interested in Rashida Tlaib’s proposal to mint a couple $2 trillion “coins” and use the money to pay companies to continue keeping everyone on the payroll, regardless of whether they’re working. It would be much easier to get companies up and running again with workforces that are retained and who are invested in bringing their existing skills and knowledge back online.
The quote from James Bullard is sort of the anti-response to Josh’s post on the main page, asking what we as a society actually do once things are “back to normal.” Because everyone will not be fine.
Get back to normal???
When this is over it won’t even say normal on your washing machine dial.
I am car-free so I haven’t been to a mall in years, but Macy’s online is terrific for buying clothes and linens and whatnot. I worry that the sudden shock of this episode will be the end of a lot of retailers, and Amazon will become even more powerful, which would be good for neither workers nor consumers.
I have a friend who works at the Maseys fulfillment center in VW and the conditions there are so terrifying that when they offered 2 more weeks PTO he immediately took it .
Not sure what he will do after the 2 weeks but he says working conditions are not safe there
I think that’s almost inevitable. Brick and mortar retailers, particularly in malls, have been struggling for a few years anyway. Months of shutdown will kill off many of them completely. (Restaurants are also going to be taking it on the chin in a HUGE way, because they usually work on even tighter margins, especially local ones).
And at the same time, there is and will continue to be a surge in online purchasing.
Ancient legends tell of a kind of organization, that once upon a time enabled workers to come together to seek safer working conditions, fair pay, and other things like that.
The name escapes me just now …
Thankfully President Trump and First Lady Iwanka’s Death Panels are hiring. President Skanky Putin Whore has accomplished much more than his childhood dream of doing something in broad daylight in the middle of 5th Avenue and getting away with it.
Have to admit a tad of ambivalence here at the corporate level, ever since Macy’s purchased / killed Marshall Fields.
I wish the furloughed workers the best under these dire circumstances,
The Onion?