Do vaccine incentives actually work?
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Does it help if companies sweeten the deal for workers to get COVID vaccinations? Plus, news today that we went out and bought more things in January. Direct COVID payments were the catalyst. Also, New York is suing Amazon, claiming the company failed to provide workers with a safe environment at two warehouses during the pandemic. And, how the winter storms sweeping the U.S. are affecting vaccine distribution.
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That's quite a jump in retail sales. COIVD direct payments are responsible.
The direct payments bolstered consumer confidence, said Susan Schmidt, head of U.S. equities at Aviva Investors. "And when are confident, they spend," she added. Meanwhile, the 10-year Treasury yield hit its highest mark in a year, which, Schmidt says, means the market is expecting some inflation and expecting the economy to steadily pick back up.
In Austin, as well as at distribution hubs in San Antonio and Dallas, vaccine operations have been paused again Wednesday.
New York sues Amazon over workplace safety during COVID
Marketplace's Erika Beras has more.
Behavioral economists say there could be unintended consequences. And rewarding vaccinations remains legally murky.