Like nearly all Americans, President Joe Biden believes that a college degree is the ticket to both individual economic advancement and uplifting the poor. To put his money where his mouth is, he has proposed $256 billion in government funding to cover two years of public community college plus cash for living expenses. In an instant, an improved workforce and less economic inequality. What could go wrong?
But the stimulus package is hurting small businesses. Small business owners said it is now difficult to get people to go back to work or even call in for an interview because of the generous federal aid.
On Tuesday, less than a month after the acquisition went through, BuzzFeed laid off 47 workers at HuffPost and closed the publication’s Canadian edition.