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> The problem occurs in a few months when the bonus unemployment runs out. Then there will be millions more people looking for work. Maybe this won't happen? U
by runako 6y ago
> The problem occurs in a few months when the bonus unemployment runs out. Then there will be millions more people looking for work.
Maybe this won't happen? Unemployment is officially at 6%. Better-capitalized firms have hired a ton of people over the last year. It's possible that marginal businesses like the weaker local restaurants mentioned in this thread will just have to adapt.
Besides, given that their jobs are apparently so crappy that they are losing employees to the likes of McDonalds, certainly they have high turnover. If a labor glut happens, they can just lower wages and deal with the resulting turnover, which they already know how to handle.