Normal May Be A Long Way Off

roscoe

Well-known member
Yeah that’s what’s happening

Well:

1623185696941.png
 
She shows up every day. And gets well paid. So, she wins, and the employer wins. That is how free-market economics is supposed to work.
Good for her. I would be interested in hearing what she thinks of able bodied people that refuse to work and are supported by her and the rest of the tax payers.
 

roscoe

Well-known member
Good for her. I would be interested in hearing what she thinks of able bodied people that refuse to work and are supported by her and the rest of the tax payers.

Dunno. I don't know anybody like that. And I haven't seen the evidence that the $300/month is keeping people from getting work. We are still crawling out from a world-wide pandemic, so attributing the labor shortage to the unemployment checks seems like a stretch.
 

Howland937

Active member
People in this forum are looking for things to criticize about Biden, but, ultimately, the president has very little to do about how the economy performs
I'm not laying the blame at Biden's feet. The concept of paying people to NOT work is nothing new. It only recently became profitable.
 

Howland937

Active member
The role of welfare on the labor market is not really direct like that. People who have studied the economic data don't see this kind of effect:

The welfare reference as it pertains to "paying people not to work" isn't my focus so much as the part where it recently became profitable. It's this.

And I haven't seen the evidence that the $300/month is keeping people from getting work.
(Which is actually $300/weekly, not monthly). A person previously making $12/hourly would
be lucky to draw $300 weekly in normal unemployment, as their regular net pay was probably in the $360 range. An additional $300 weekly nearly doubles what they made working. There's also the money they're not spending on childcare and commuting to work. https://www.marketwatch.com/story/u...llion-but-hiring-lags-well-behind-11623161366
Sure, there's several factors. But seems we're not the only folks that consider that to be among them.
 

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New member
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