Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
The US fucked this up during WWII when it froze wages to prevent businesses from swiping the limited number of available employees from each other. So instead of wages employers started offering benefits instead, two of the commonly offered benefits were Pensions and Medical Insurance.
As a nation we really should fix these problems but doing so would be hella expensive and perhaps even impossible as we’re hitting the same demographic off-ramp that France and so many other Western Nations are already on.
The US fucked this up during WWII when it froze wages to prevent businesses from swiping the limited number of available employees from each other. So instead of wages employers started offering benefits instead, two of the commonly offered benefits were Pensions and Medical Insurance.
As a nation we really should fix these problems but doing so would be hella expensive and perhaps even impossible as we’re hitting the same demographic off-ramp that France and so many other Western Nations are already on.