Let me throw in a word of grandfatherly caution here. There's much jumping to conclusions in the posts to this thread one week after the Biden Admin stimulus and/or rescue checks (whatever you prefer to call them) started going out -- "Millions of Jobs, Nobody Will Work". It might be a good idea to concentrate on prediction and wait a few months for the assessment, or at least until the jobs that are in the process of opening up, really have. It can't be seen as a surprise that job offers won't be received with enthusiasm if the total remuneration promises to be no more than one can make staying home and doing as one likes. Employers will soon enough realize they must be competitive and will adjust accordingly. Simple arithmetic tells you that $600 divided by 40 hours is $15/hr. The Democrats want to phase in a 15/hr minimum wage over four years. This present stimulus package may amount to an acceleration of that process. Rockefeller said "Competition is a sin." He was wrong. Competition is a wonderful thing. And if the capitalist "free market" won't supply sufficient competition to bring wages to a living wage that can call forth sufficient labor, it seems the government has decided to step in and play that role. I'm having trouble seeing this as necessarily a bad thing. I'll wait for the assessment, but I'm happy to make a prediction. The amount of increased business restaurants and bars are going to experience when all of these reasonably paid workers can afford to take their families out to dinner once a week for something other than fast food is going to make all of our heads spin.
we have evidence of it from the unemployment benefits Trump offered in March. stop with the “let’s implement the dumb policy and see how it works.” Trumpers were using that argument for all his shitty policies.
And the evidence is ... more people going back to work once the jobs are there - regardless of stim checks.
Markets are trading as if we will be back at full employment by end of 2021 yet we still need all this free stimulus.....
when unemployment was 600/week, no one wanted to work. We had people skirting the line of getting laid off so they could collect the enhanced unemployment.
Hey hard on -- looks like you got face fucked. Good call, Bro! 7,800 -> 13,100 https://www.elitetrader.com/et/thre...readed-death-cross.342548/page-2#post-5055558