Home | HR Pulse Daily » News » The Biden Administration Is Stepping up Its Efforts to Bring Women Back Into the Workforce

The Biden Administration Is Stepping up Its Efforts to Bring Women Back Into the Workforce

biden
The Biden administration is engaged in a full-court press on the value to big business of its proposals to extend the child tax credit,

The Biden administration is engaged in a full-court press on the value to big business of its proposals to extend the child tax credit, establish universal pre-K programs for three- and four-year-old children and subsidize child care for working mothers.

The administration argues not that these programs would benefit families or society as a whole but that they would serve corporate interests by increasing the supply of female labor in the workforce.

Brian Deese, director of the National Economic Council, appeared on three Sunday television talk shows. In each appearance, he sought to downplay concerns over inflation in the cost of basic necessities like food, gas and rent, claiming that these were the byproducts of the recovery of the US economy from the impact of the coronavirus pandemic.

He thus managed to combine two monumental falsehoods: that the US economy is recovering and that the COVID-19 pandemic is subsiding.

Actually, the instability and imbalances in the US—and the world economy—are growing, particularly in the financial sector, swollen by the massive injection of funds from the Federal Reserve and subsidies enacted by Congress, including last year’s CARES Act and Biden’s American Rescue Plan, passed earlier this year.

Trillions of dollars have been pumped into the financial system. This is the ultimate source of the inflationary pressures throughout the world economy, now being experienced by working people in the rising cost of daily necessities, which is wiping out whatever meager wage increases they have been able to obtain.

About the author

Rajesh Tamada