WASHINGTON: President Joe Biden asked the Mayor of the United States on Friday to use more Covid-19 assistance funds to improve workers’ training and pay childcare workers, moving which can increase the supply of workers and reduce income inequality.
Biden said in comment on the Conference of the Mayor of the United States to use resources for American rescue plans to “build for a better future around people who run the community.” “Use your funds to cover the cost of child care, or temporary paid leave to help certain workers deal with Omicron,” Biden said.
“Build the track to a better job, through trade union-based internships, workplace training.
To give people in every postal code opportunity to handle themselves.” The call arose as Biden’s administration shifted in that way promoting its economic agenda, spending the “rebuild” social and climate expenditure plan as a way to increase economic productive capacity, by increasing labor and productivity available – criticizing Republicans.
that it will increase inflationary pressure.
Previously on Friday, US treasury secretary Janet Yellen brand new approach “modern supply side economy”, rotating around phrases that are usually related to the era of tax deductions and reduce regulations favored by the Republican Party.
Biden administration faces pressure on controlling inflation, which jumped by 7% last year, the largest annual increase in almost 40 years due to the demand for goods and housing that exceeded the supply, a phenomenon interpreted by qualified workers.
Biden said the expenditure law would increase the supply of labor by cutting child care costs, allowing women to return to the workforce.
“This bill will reduce inflationary pressure on the economy – does not add it, reduce it,” said Biden.
The city has a broad ability to use money from the state and local fiscal assistance funds of $ 350 billion, which was approved in last year’s American rescue plan, Covid-19 aid legislation.
The Ministry of Finance earlier this month issued the latest rules for programs that allow greater flexibility to use funds in programs such as early childhood education, child care and affordable housing.