It’s, people get discouraged when they can’t find a job for a few months.

Steven Davis: It’s not just literally reskilling. The following is an edited transcript of their conversation. Steven Davis, professor of economics at the University of Chicago Booth School of Business, spoke with “Marketplace Morning Report” host David Brancaccio about this. There’s a psychological cost to this, morale, and the question of workers getting the skills they need for the next gig, if there’s one to be found. For example, 18,000 MGM Grand Resorts employees got that word. Lawyer Mo Aziz, who represents more than 1,000 people expected to file claims, said he hopes the payouts would provide closure and also prompt hotels across the country to bolster security measures.It’s the first of the month, and people who got temporarily furloughed because of the pandemic collapse are being told not to come back … ever. 'While nothing will be able to bring back the lives lost or undo the horrors so many suffered on that day, this settlement will provide fair compensation for thousands of victims and their families,' Eglet said, adding, 'We believe that the terms of this settlement represent the best outcome for our clients and will provide the greatest good for those impacted by these events.' The payout process is expected to be completed by late 2020, lawyers said. Eglet said his firm represents nearly 2,500 people who said they were affected by the mass shooting.Īn independent claims administrator will be appointed by a court to distribute money from a settlement fund. Robert Eglet, a lawyer who has been leading talks on behalf of shooting victims, said in a statement Thursday that MGM's insurance will be paying out between $735 million and $800 million, depending on the number of claimants and that the agreement resolves 'substantially all' of the lawsuits filed. 'He brought in over 20 huge heavy bags over a three- or four-day period,' Catherine Lombardo, a lawyer representing some of the shooting victims, told NPR last year.

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