Imagine printing trillions in corporate bailouts last year and expecting people to work for the same minimum wage?
Would it fail if everyone got $1 a month? Also, I'm hoping you'll answer my question about wages and labor supply.
If you pay people so much that there is no purpose in them seeking work..... then the system has completely failed. Especially since people who are not lazy are doing the work and paying for these people to be lazy. I can support unemployment for a period of time with a requirement that individuals be actively be seeking a job. I can even support that people earn 100% of their employment income during this defined period. This pandemic system where we are paying a majority of people more than they earned as an employee is completely out of control. Especially when there is no final end date in sight for this nonsense.