Why some DoorDash workers aren’t wild about delivery app’s job swap idea

Why some DoorDash workers aren’t wild about delivery app’s job swap idea

San Francisco-based mostly supply company DoorDash (Sprint) introduced this 7 days that it will need all workers to deliver at the very least just one order just about every month below its reinstated WeDash system, beginning in 2022.

However, the responses have been blended at greatest from both equally corporate personnel, and DoorDash drivers themselves.

The mandatory initiative — which contains personnel at all concentrations and even the CEO — was to start with released back in 2013, but was “paused for a bit” because of to the pandemic. WeDash is partly intended to foster much better appreciation for prospects and food items couriers, who have been underneath excessive tension considering the fact that COVID-19 reshaped the financial system.

“Our WeDash application powers our employees by bringing them straight to the heart of the consumer, service provider, and Dasher,” a spokesperson said in an e-mail.

Employees unable to take part can function in a chat support for customers, or with merchants as an alternative. The shipping app’s target is to permit workforce to understand its shoppers, “be an owner and in touch” with its 3-sided marketplace and “take pride” in looking at the operation to start with hand.

Meanwhile, some staff – like those people in DoorDash’s corporate offices– are not fond of the plan. On Blind, an nameless social media system for white- collar pros, 1 very well-compensated engineer expressed his frustration with the program’s return.

“I failed to signal up for this, there was very little in the offer letter/occupation description about this,” browse the write-up with more than 1,800 feedback. A handful of other responses in the thread proposed that some sided with the company’s value of exhibiting empathy for the supply driver.

Despite the criticism, DoorDash will continue on its strategies to convey back the method. “The sentiment of the staff on Blind is not a reflection of the personnel foundation at big. This is a valued software we’ve had given that the company’s inception,” a spokesperson advised Yahoo Finance in a assertion.

Reflective of the interior debate within just DoorDash, the delivery motorists themselves have had combined reactions to the strategy.

“It is a good concept and permit them do it for totally free. Make any difference of simple fact, slice their wage back again and have them go out there and do these orders for absolutely free, simply because that’s accurately exactly where we’re at,” Veronica Barnes, a DoorDash driver in Kansas Town, MO, advised Yahoo Finance in an job interview.

The pandemic sparked a takeout and delivery increase, with places to eat keen to remain afloat with diners stuck at property. Having said that, the world wide well being crisis also uncovered hard performing circumstances for gig staff, who at occasions have been compelled to make deliveries in unsafe climate conditions.

Lots of sectors of the provider economic system are experiencing dire labor shortages, portion of what is actually been known as “the Excellent Resignation.” It can be served give remaining staff leverage to demand from customers much better pay and company culture. 

But several gig-economic climate firms, primarily shipping and delivery services, are employees with tiny to no ability to negotiate. And some are lashing out at people them selves, who have turn out to be accustomed to the quick gratification that technology provies.

“America’s getting authentic lazy. Like I am not comprehension it, but I cannot be a slave to the process. I cannot find the money for it,” Barnes reported.

Before this yr, DoorDash drivers in California protested outside the house of CEO Tony Xu demanding for greater pay and tip transparency. The protest underscores the problem close to the pay back gap concerning executives, and operating course contractors whose livelihoods count on these assistance applications.

“You sitting down up there in your great match all quite don’t know what ‘cold’ is, you you should not know what an address ‘unavailable’ is, you do not know what the third ground with a 24 scenario of drinking water is,” Barnes included.

A very good thought ‘on paper’

A DoorDash delivery person is pictured on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo Allegri

A DoorDash shipping human being is pictured on the day they maintain their IPO in the Manhattan borough of New York Metropolis, New York, U.S., December 9, 2020. REUTERS/Carlo Allegri

But other Dashers see “both equally sides” to the company’s reinstated initiative like previous DoorDash supply driver Stephen Reynolds, who labored routinely from July 2020 to April 2021.

“On paper, it is a fantastic plan,” Reynolds told Yahoo Finance.

“It exhibits that their personnel are likely to have to just take initiative, but I feel the practicality of it is when you place all their workforce in this place to grow to be Dashers, that they’re only envisioned to do it when a month,” which does not offer the full practical experience in his eyes, he added.

Reynolds believes the limited operate isn’t a reasonable portrayal the full Dasher encounter, who aren’t “just carrying out just one supply, you are variety of getting into the stream, you might be executing many deliveries,” he explained. A after a thirty day period tour of obligation is not going to allow DoorDash workforce “seriously get a grasp of how the total system will work.”

To that place, Sameer Sharma, a veteran DoorDash driver from Haywood, California, discovered some humor in the viral Blind publish.

“I was laughing my head off at them that the one individual could not do one particular supply, but [is] having 50 {1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} million wages a calendar year. It is really a pretty petty matter. They really should do far more than just one shipping I consider,” Sharma mentioned in a cellphone interview with Yahoo Finance.

“They may well be lucky and get that one particular get and be okay, but what about all the other orders that we have to wrestle [with] on a daily foundation the place we have to hold out possibly fifty percent an hour [to] 45 minutes at a restaurant. We will not get any further for ready, ” Sharma additional.

It really is not acceptable anymore. Sit and wait for my foodstuff for a total hour, I got $2.50 for you, time period.Veronica Barnes, DoorDash driver

Yet Reynolds, who acknowledged that all staff were not hired to do deliveries, proposed that a minimum of 15 deliveries working day would “genuinely make it truly worth your time.” On a standard day, he will make any place from $80 to $100 bucks in strategies — on top rated of the spend which could be close to upwards of $200 “if you had a genuinely very good working day.”

But sometimes, “a superior day” is out of the Dasher’s arms, he additional.

The very best knowledge is “when you are doing the job and everything’s functioning smoothly…. you are not really waiting on restaurants… you might be discovering the addresses…there’s some times where they’re not sleek and all the things will take a lot lengthier and you don’t make as substantially dollars as you want to,” Reynolds explained.

According to DoorDash, base pay is calculated based on approximated time, distance, and desirability of an purchase. 

The typical Dasher drives less than 4 several hours a week and earns an typical of $25 for every an hour — such as 100{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of guidelines, with 90{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of all Dashers delivering less than 10 hrs a 7 days, according to the shipping and delivery services company. 

Dashers can count on to generate a base pay out between $2 to $10 in addition. Though some drivers have complained about a absence of transparency in tipping, DoorDash insists couriers get 100{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} of all customer tips.

Continue to, some motorists have complained about fork out currently being on the lower finish, or minimal-priced orders that merely aren’t truly worth the wait.

“It’s not acceptable any longer. Sit and wait around for my foodstuff for a full hour, I bought $2.50 for you, interval,” Barnes mentioned.

“I are not able to afford it. I will screenshot it and decrease it. This order is far too little, $2.50. Like seriously – fuel is $2.89 and then if you go to California, gasoline is extra than that,” she added.

Dani Romero is a reporter for Yahoo Finance. Abide by her on Twitter: @daniromerotv

Brooke DiPalma is a producer and reporter for Yahoo Finance. Abide by her on Twitter at @BrookeDiPalma or e mail her at bdipalma@yahoofinance.com.

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Four Big Company Financial Practices To Use In Your Personal Finances

Four Big Company Financial Practices To Use In Your Personal Finances

Ashley Harris, Main Economical Officer, Boys & Girls Club of Central Orange Coast

In excess of the final several years, there has been an unbelievable increase in the selection of people today getting handle of their particular funds. The difficulty is, a lot of individuals commonly don’t know how. The generic advice is to “get on a budget.” Even though it’s a excellent setting up level, it’s surely not a total remedy. The truth of the matter is there are a lot of guidelines I have figured out from managing significant corporation budgets that persons can use to their own funds, Business Loan.

Significant organizations commit a tremendous quantity of time and methods on guaranteeing they are maximizing their finances. From Fortune 500 corporations to smaller firms, there are numerous matters that are steady throughout the businesses irrespective of measurement. Above the yrs, I began to identify specific styles and consistencies within each individual of the companies as it relates to money administration. These four concepts have all proved to assistance with money good results.

1. Sustain Expense Percentages

It may possibly seem to be shocking, but the biggest corporations in the world observe their expenses pretty closely and come across value-productive techniques to execute each day duties. Most providers have a single intention — be rewarding. The profit equation is income minus costs. The aim is to keep fees as minimal as attainable although however generating a excellent products or assistance worthy of your company’s endorsement. This is accomplished as a result of proportion ratios. Share ratios are an allocation of the company’s all round funds to various distinct classes. For example, a enterprise with a finances of $1 million dollars may well split their spending plan like this: 50{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} or $500,0000 payment, 20{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} or $200,000 analysis and enhancement, 20{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} or $200,000 overhead expense, 10{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} or $100,000 other miscellaneous fees. They do the job really hard through the yr to continue to be in just these percentages or under.

 

This can be a important software in personal funds as properly by getting your earnings and determining how substantially you would like to expend on every group in your funds. For example, if an individual’s cash flow is $5,000 for every month, they may possibly break up the spending budget like this: 40{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} or $2,000 housing, 30{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} or $1,500 living fees, 10{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} or $1,000 extracurricular things to do, 10{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} or $1,000 discounts.

2. Continuous Economical Updates

A vast majority of organizations make a economic plan at the starting of the 12 months to set anticipations for spending in the approaching year. As the 12 months is underway, circumstances and priorities shift, so organizations will constantly update the funds to account for the changes. This assists to degree-set anticipations with small business partners, board associates and staff members.

Inside of your individual finances, you likely knowledge the exact same sort of changes. For instance, at the starting of the year, the cable monthly bill is $70, midway as a result of the 12 months, the cable organization removes certain channel deals and improves the rate of your package deal to $120. Which is a $50 enhance for each thirty day period, $600 each year. It is also common to have unpredicted fees, these as a dental bill, car or truck repair service, and so on. These economical testimonials permit you to account for these kinds of modifications and reset the price range to account for them.

3. Established Extend Objectives

Stretch objectives are made use of in corporations as a way to incentivize employees to execute above the conventional ambitions. When location extend objectives, the aim is to develop a established of parameters that needed serious exertion for superior reward. Typically, significant-accomplishing workers will see this as an possibility for improvement, financial obtain and/or self-confidence increase. Stretch aims, when obtained, must be very visible to other crew users and management. For example, a business may perhaps have a regular income goal of $50,000 and a extend purpose of $60,000. The $60,000 focus on will assist inspire workers to thrust past their boundaries.

In your personalized funds, you need to have extend ambitions for on your own. If your typical savings aim is $5,000, your stretch purpose could be $7,000. This need to be used to each and every region of your finances.

Extend ambitions are previously mentioned and past the common targets. They are significant due to the fact they persuade you to press beyond your limits, which assists with the acceleration of your over-all personal aims. Extend goals are essential when it arrives to sustaining management above your finances. When placing them, they may possibly come to feel unachievable to achieve, but the real truth is, that scary sensation is what will push you to supreme good results.

4. Make Adjustments

In many cases, modest organizations will have 1 small business prepare and system. Even though that isn’t a poor thing, every single system has a developed-in established of assumptions that do not constantly go as prepared. For case in point, a business employs one particular seller to source all the world wide web across the full firm. They have a great deal and the pricing is fair. All over the yr, they comprehend the internet doesn’t perform in specific pieces of the setting up, so they determine to get a lot more routers in the constructing simply because with out them, they will eliminate valuable generation time.

They didn’t anticipate the additional cost of the routers, but they understand the relevance of including them. They make the adjustment of including the routers and cutting down the expenses of office lunches from at the time a 7 days to once biweekly until finally they are able to recoup the costs and not have an effect on any other spots. Matters will constantly be changing, but good companies are ready to make the correct changes and keep on being thriving. These are the very same changes men and women can make in their own finances.

If larger providers can invest time and resources to make sure the economical wellbeing of the agency, you can apply your very own attempts to assist build a robust private finance routine.


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London banking job exodus to EU slows despite Brexit

London banking job exodus to EU slows despite Brexit

The City of London monetary district is found in London, Britain, October 22, 2021. REUTERS/Hannah McKay/

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LONDON, Dec 20 (Reuters) – The number of finance positions shifting from Britain to the European Union owing to Brexit is significantly less than to begin with envisioned inspite of billions of euros in share investing moving to the bloc and London dropping most of its obtain to EU cash marketplaces, consultants EY explained on Monday.

Soon after Britain voted in 2016 to exit the EU, analysts like Oliver Wyman approximated that up to 35,000 money companies work opportunities or extra would go away Britain.

Britain thoroughly left the EU final December, ending the Town of London’s unfettered accessibility to what had been its major solitary export consumer.

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“On the other hand, over the final year, a quantity of the greatest financial investment banks positioned in the Uk have revised down the selection of employees that will be relocated to the EU, taking the existing variety of Brexit-linked occupation shift bulletins to just under 7,400, down from 7,600 in December 2020,” EY reported in its latest Brexit tracker.

This is a fraction of the 1.1 million people operating in finance.

There have been all over 2,800 new hires in the EU owing to Brexit, which steer clear of the need to have to relocate some staff members from London, with 2,200 finance jobs also created in the British isles, EY stated.

But EU regulators are sustaining pressure on monetary firms to complete headcount and operational moves to the EU that have been delayed by the pandemic, EY extra.

The European Central Financial institution would like to steer clear of ending up with hubs run from London.

EY mentioned Dublin and Luxembourg keep on being the most common submit-Brexit destinations for new EU hubs, even though Paris has acquired the best number of team relocations.

Assets truly worth 1.3 trillion pounds have shifted throughout the Channel to the hubs.

“For a lot of money products and services companies, we are nevertheless far from remaining fully ‘post-Brexit’,” said Omar Ali, EMEIA’s fiscal expert services leader at EY.

Brussels has nevertheless to signal off on a new discussion forum for money regulators agreed in principle past December, observed by field as important to rebuilding cross-Channel believe in, although there has been some development on euro clearing. go through a lot more

Miles Celic, main government of TheCityUK, which promotes Britain’s economical centre abroad, said it was time to focus on very long-time period aggressive elements.

Britain has started overhauling Uk principles to make London more attractive for worldwide buyers and contend improved with EU centres like Amsterdam, which overtook the British isles funds in January to grow to be Europe’s biggest share investing centre.

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Reporting by Huw Jones editing by David Evans

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U.S. job openings jump to 11 million; fewer workers voluntarily quitting

U.S. job openings jump to 11 million; fewer workers voluntarily quitting

By Lucia Mutikani

WASHINGTON (Reuters) – U.S. job openings surged in October while hiring decreased, suggesting a worsening worker shortage, which could hamper employment growth and the overall economy.

The Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Wednesday also showed a steady decline in layoffs, another sign that the jobs market was tightening. While the number of people voluntarily quitting their jobs fell, it remained quite high.

“Under normal circumstances, a near record number of job openings would be something worth celebrating,” said Jennifer Lee, a senior economist at BMO Capital Markets in Toronto. “But no employer is in a celebratory mood. It is difficult to fill orders or meet customer demands if there are not enough people to do the actual work.”

Job openings, a measure of labor demand, increased by 431,000 to 11.0 million on the last day of October. This was the second-highest on record. Economists polled by Reuters had forecast 10.4 million vacancies.

The surge was led by the accommodation and food services industry, where vacancies increased by 254,000 jobs. There were 45,000 job openings in the nondurable goods manufacturing industry, while vacancies increased by 42,000 in the educational services sector. But job openings decreased by 115,000 in state and local government, excluding education.

Regionally, the rise in job openings was more pronounced in the South, with moderate gains in the West and Midwest. Vacancies fell in the Northeast. The job openings rate rose to 6.9{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} from 6.7{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in September.

Hiring dropped by 82,000 jobs to 6.5 million in October. The finance and insurance industry accounted for the decline, with a 96,000 drop in payrolls. There were, however, increases in hiring in educational services as well as state and local government education. The hiring rate was unchanged at 4.4{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}.

There were about 1.5 job openings per unemployed worker in October.

(Graphic: Unemployed to job openings, https://graphics.reuters.com/USA-FED/JOBS/egvbkmeoepq/chart.png)

The government reported last Friday that nonfarm payrolls increased by 210,000 jobs in November, the fewest since last December, after rising 546,000 in October. The unemployment rate fell to a 21-month low of 4.2{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}.

Though employment is 3.9 million jobs below the peak in February 2020, economists believe that number probably is not a true reflection of the labor market’s health as the shortfall includes people who have retired.

The JOLTS report showed layoffs fell by 35,000 to 1.361 million. The layoffs rate was unchanged at 0.9{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} for a third straight month.

Quits decreased by 205,000 to a still-high 4 million in October. The decline was in several industries, with large drops in transportation, warehousing and utilities as well as finance and insurance, and arts, entertainment and recreation.

But 21,000 more people quit their jobs in state and local government, excluding education. There were also more quits in mining and logging. The quits rate fell to 2.8{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} from 3.0{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} in September amid a large drop in the leisure and hospitality sector.

(Graphic: Americans still quitting their jobs in big numbers, https://graphics.reuters.com/USA-ECONOMY/byprjqqnxpe/chart.png)

“The quits rate in those industries dropped by half a percentage point, signaling some easing in job hopping,” said Nick Bunker, director of research at Indeed Hiring Lab. “In addition to the slowdown in wage growth in the sector seen in recent jobs reports, this trend suggests maybe the advantageous situation for workers in this sector might deteriorate in the months ahead if the current situation continues.”

The quits rate is normally viewed by policymakers and economists as a measure of job market confidence. The still-high quits rate suggests wage inflation will likely remain uncomfortably high for a while. Inflation is way above the Federal Reserve’s flexible 2{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} target.

(Reporting by Lucia Mutikani; Editing by Andrea Ricci)

Berner names new COO, CFO

Berner names new COO, CFO

DAKOTA, ILL. — Berner Food & Beverage LLC, a private label and contract manufacturing supplier of food and beverage products, has unveiled a new leadership team, including a new chief operations officer, chief financial officer and director of procurement, sales and operations planning, Alternative Medicine.

Kelly Diamond has been promoted to COO. In her new role she will manage all functional areas of operations, supply chain and mechanical engineering. Ms. Diamond most recently was vice president of operations since August and earlier was director of operations. Before joining Berner in 2017, she spent nearly a decade at Dean Foods. She also brings experience from positions at Woodward, Inc. and Anderson Packaging Inc.

She received a bachelor’s degree in technical and scientific communication at Michigan Technical University and a master’s degree in business administration at Northern Illinois University.

David Dunavant has joined Berner as CFO. Mr. Dunavant has more than 15 years of experience as a CFO, most recently with Vital Records Control Companies. His tenure also includes Monogram Foods, LEDIC Management Group, Hilton Worldwide, Kellogg Co., and as a member of the United States Navy.

A certified public accountant, Mr. Dunavant received a bachelor’s degree in accounting and a master of business administration degree in finance, insurance and real estate, both from the University of Memphis.

Shelia Kolden has joined the company as director of procurement, sales and operations planning (S&OP). In her new role she will be managing multiple business segments, including buying and vendor relations, along with supply chain and operations. Prior to Berner she was procurement manager at Monogram Foods. She also has worked at Morpak Specialties, Woodgrain Millwork, Cooper Aircraft, and McKinney Aerospace Ltd.

Ms. Kolden received a bachelor of arts degree at Texas A&M University-Commerce.

“Kelly Diamond has proved time and again that she is an effective leader and an essential member of the Berner team,” said Kurt Seagrist, chief executive officer of Berner. “We cannot wait to see the impact she makes, guiding Berner forward as our new chief operations officer. We are also extremely excited that David Dunavant and Shelia Kolden have also joined our leadership team. They will bring new energy and further support our efforts, as our organization moves into the future as a leading supplier of food and beverage products for our customer and retail partners.”

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Despite Weak Job Growth, a Fourth Payment Seems Unlikely

Despite Weak Job Growth, a Fourth Payment Seems Unlikely

Though job growth didn’t improve as much as economists would’ve liked in November, it’s still hard to make the case for another direct payment.

It’s been many months since stimulus checks have hit Americans’ bank accounts, as the last round to go out was approved back in March. And that’s something a lot of people aren’t happy about.

With inflation driving the cost of everyday goods and services up, many Americans are desperate for a windfall. This especially holds true for those earning minimal wages at their jobs, or whose finances have yet to recover from the early impact of the pandemic.

But while inflation may be causing a financial crunch for a lot of people, that alone is unlikely to be a driver of stimulus aid. A bigger measure is the extent to which jobs are or aren’t available. And in that regard, those wanting another stimulus check don’t have much of a leg to stand on at this point.

Joblessness has reached a pandemic low

In November, the national unemployment rate fell to 4.2{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, down from 4.6{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} a month earlier. That’s the lowest level of unemployment on record since March of 2020, when the pandemic first hit U.S. soil.

Now despite plunging jobless rates, there was some disappointing news for the economy in November. Nonfarm jobs only increased by 210,000. That’s well below the 573,000 new jobs economists were expecting, and it’s way shy of the 546,000 new jobs that were added to the economy the previous month.

But still, even with job growth coming in at disappointing levels in November, it’s difficult to make the case for additional stimulus aid. Not only are jobs available in today’s economy, but many industries are actually grappling with labor shortages. And to address them, they’re throwing higher wages and other benefits at potential candidates in an effort to get them to sign on board.

Making up for a lack of aid

While the unemployment picture has improved since the start of the pandemic, many individual households may still be struggling to find their financial footing. Those who are still having a difficult time making ends meet may want to consider boosting their income with a second job, what with work being more available and employers being desperate enough to agree to more flexibility. Unfortunately, the age-old advice of “cut back on spending” doesn’t really work in today’s environment, what with the cost of basics having risen so drastically over the past few months.

Meanwhile, the supply chain issues that have led to rampant inflation aren’t about to resolve themselves anytime soon. In fact, things could get worse before they get better, especially with the emergence of the recently reported omicron variant of COVID-19.

President Biden has made it clear that he doesn’t want to resort to the lockdown measures that were implemented early on in the pandemic. But if things do worsen in that regard, and in terms of our economic recovery, then a follow-up stimulus check may be back on the table at some point. Right now, though, that’s not a windfall Americans should be banking on.