NYC passes bills to protect app-based food delivery workers - September 24, 2021

U.S. household wealth increased to a high of $141.7 trillion at the end of June, fueled by soaring equity markets that added over $3.5 trillion to household assets and the pandemic real estate boom. A White House economic analysis showed the wealthiest Americans pay much less in taxes than others. The analysis comes as President Joe Biden pushes to increase taxes on the rich to fund his economic agenda as part of his $3.5 trillion domestic policy plan. Why Reparations Are Needed to Close the Racial Wealth Gap - The New York Times Democratic Leaders Scramble to Find Areas of Agreement on $3.5 Trillion Spending Bill - The Wall Street Journal U.S. debt default could wipe out 6 million jobs and $15 trillion in wealth, Moody's says - CBS News First-time jobless claims jumped to 351,000 last week, the highest level in a month and well above the 320,000 Dow Jones estimate. Continuing claims data also increased by 181,000 to 2.84 million as the number of people receiving benefits fell sharply with federal programs slowing. Stock Futures wavered Friday despite the uptick in jobless claims and worries surrounding the Evergrande debt crisis in China. Labor shortages in US: Most, least impacted areas in the country - Fox Business The Delta variant is keeping the US economy from getting back to normal - CNN @carlquintanilla: JPMORGAN: “Since mid-June .. we have failed to find large effects in those states that ended benefits early in terms of regular jobless claims, alt-data indicators such as OpenTable dining and Google searches for ‘jobs’ .. state-level jobs and earnings growth ..” New York City became the first U.S. city to take aggressive steps towards improving food delivery employees’ working conditions by approving legislation that will set minimum pay and address the dangerous conditions for app-based food delivery workers. Pandemic lockdowns exploded the use of the food delivery industry, with the number of delivery workers rising to over 80,000. DoorDash now lets customers order alcohol - CNBC DoorDash S