Reading this article, there is a line,
When I was elected governor in 2010, my biggest responsibility was to lead South Carolina out of the Great Recession. I knew that the most vulnerable families needed more than welfare checks — they needed the dignity of a job and a future. So we launched a “Welfare-to-Work” program that matched individuals with jobs that fit their talents. Ultimately, we empowered more than 20,000 South Carolinians to find jobs and flourish.
Joe Biden and Democrats in Congress could learn a thing or two from South Carolina. Instead of “Welfare-to-Work,” today’s Democrats are all welfare, no work. This approach will only hold back the people they claim to be helping and won’t help people thrive long-term.
Does this phrasal verb "hold back" here fall into this dictionary's definition,
1 b: to keep from advancing to the next stage, grade, or level