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> The supply curve might shift back up if, for example, government wage supports are reduced. This is the key... the problem isn't really the market... it's th
by wernercd 5y ago
> The supply curve might shift back up if, for example, government wage supports are reduced.
This is the key... the problem isn't really the market... it's the market interference.
First COVID and the "lockdowns" (effective or not)... and then the resulting "free" money that makes it more lucrative to be on unemployment than working a job.
- loonster 5y agoMax unemployment in my state is around $365. On top of that is a fed bonus of $300 (was formerly $600). $665/40=$16.63 The financial incentive to not work is strong. Add in 40 extra hours of free time...