For many the straightforward economic incentive is to avoid work and collect checks instead. It's not that there aren't jobs available.
On the contrary, right now there are more job openings than there were prior to the pandemic in 2020.
Which almost certainly helps explain why this month's jobs report was the biggest miss in decades: Given the intense demand for workers, the expectation was that the jobs report would show more than a million new jobs.
Depending on how long this persists, some of those jobs may simply not come back, leaving employers, consumers, and workers worse off.
Jason Furman, who chaired President Barack Obama's Council of Economic Advisers, cautioned this week that the unemployment bonus was likely slowing job growth.
Biden championed giving four-figure checks to families with stable jobs and six-figure incomes as part of an economic "Rescue" plan that is now stalling the economy in ways that could have negative long-term consequences for lower-wage workers.
Reacting to last week's jobs report miss, Pelosi said, "The disappointing April jobs report highlights the urgent need to pass President Biden's American Jobs and Families Plans." Based on what Biden's economic rescue plan has done for the economy, I'm none too excited to see what his jobs and families plans do for jobs and families.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Tuesday, May 18, 2021
Biden's $1.9 Trillion 'Rescue Plan' Isn't Saving the Economy. It's Holding It Back.
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