COVID-19 Pandemic Continues Assault on the Labor Market

COVID-19 Pandemic Continues Assault on the Labor Market

(TargetLiberty.org) – In the wake of the COVID-19 pandemic, the nation faces its worst economic collapse since the Great Depression of the 1930s. The Trump administration pushed for reopening the nation’s economy, issuing carefully-developed guidance from the National Centers for Disease Control (CDC) and other health agencies.

However, Democratic-led states and cities insisted on pursuing aggressive lockdown measures that led to the temporary and permanent closure of numerous businesses. This resulted in unprecedented spikes in unemployment.

The United States Department of Labor reported that 900,000 Americans filed unemployment insurance claims in the week ending on January 16, 2021. That figure reflected a drop in claims of about 26,000 from the week before. But, it remained higher than the four-week average of nearly 850,000.

The success of the Trump administration’s Operation Warp Speed project resulted in the approval of emergency use authorization orders for two coronavirus vaccines. However, the Biden administration seems unable to answer basic questions regarding the supply of vaccines or a national strategy to distribute them.

Biden’s Assault on the Jobs Market

In the midst of all this economic turmoil, the Biden administration appears hellbent on destroying jobs through an aggressive set of policy initiatives and reforms targeting the energy sector along with corporations and wealthy individuals.

For instance, he officially reentered the Paris Climate Agreement on January 20, a likely job killer. He also hopes to develop carbon-free electrical sources in the next 15 years and net-zero emissions in the energy sector by 2050. One America News Network (OANN) predicted in a January 19 report that the execution of those plans would cost millions of jobs in the long term.

The Biden administration also plans to increase taxes on wealthy people and large corporations. The Detroit News reported that raising taxes in the midst of the pandemic would result in the closure of numerous businesses.

Americans are suffering and need to get back to work. Declaring war on the nation’s corporations through tax increases while increasing regulations to appease the member states of the Paris Climate Agreement would lead to further job loss. Republicans need to continue to push back on administration efforts to redefine the nation’s economy.

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