spooky headlines everyday as the end of july approaches since all this stimulus, especially the enhanced unemployment benefits are coming to a close. Any and all selloffs moving forward will most likely be blamed on this multi trillion dollar plan not coming together as each day passes by. However we all know they will create a deal as soon as the markets start whining like a little bitch. Get ready for anothet stimulus plan within the next few weeks....maybe even alot sooner. https://www.cnbc.com/2020/07/20/une...ks-what-to-expect-as-relief-measures-end.html
Coronavirus stimulus: What could happen to the stock market if the extra $600 unemployment insurance isn't extended July 21, 2020, 12:05 PM https://finance.yahoo.com/news/coro...oyment-insurance-isnt-extended-160550572.html
I believe they rushed that in so quick, but I'm sure a few knew that the $600 extra a week would be more than most of peoples regular wages. Aside from that I think they came up with a possible $100 a week proposal tonight. Those collecting $600 a week must be very upset with that proposal, i highly doubt democrats agree to such drop in weekly enhanced benefits and will probably fight that as early as tomorrow
One can infer that 73% of the stimulus recipients were underpaid, in the richest country in the world.
there is no need for gov't stimulus if the gov't or the people just had mandatory mask and the virus under quarantine. it's tal lthe gov't fault that this corvid 19 is still not under control in the US especially or the people's fault. as the gov't is the people. it is called a fucked up country. and fucked up rigged manipulaed financial markets. on gov't welfare support. for billionaires. the rich complain to the gov't uh why is tthe market down? uh! the money the gov't is giving away is debt money that would be paid via future taxes. the gov't deosn't seem to care nor do the people accepting the money business will go bankrupt. this 'recession' is worse than 2002 or 2009 for small working people and especially small medium sized business. and soon the gov't will be laying of gov't employees too. as taxes have been reduced 50%..who will lend the gov't money or buying the gov't bonds? foreign banks and investors don't have the cash to buy gov't debt. the tourism industry has been totally dropped by 95% volume countries that depend on tourism is bleeding cash. there is no cash and people are selling gold for cash to pay gov't expenditures.
well there is no job,,they just have to apply for WELFARE. unemployment is 25% and 90% in some industry ie tourism or airline industry. businesses will see 20% declines in business ...even amazon could see declines in sales. tourism and food and beverage or entertainment industries is 25% of jobs or what makes life worth living. gov't tell busines to shut down or make rules that make their business unprofitable ie airlines 14 day quarantines etc who will travel ?
I disagree You get paid what your skills are worth. If everyone can flip a hamburger then you are paid to flip a burger accordingly.
In a perfect market, where wages keep pace with inflation and profits, you would be right. But there is nothing perfect about this market where welfare pays more than going to work. Can't wait for minimum wage to be calculated correctly. What's correctly? Wages that are adjusted for inflation and profits.