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Working class wages have increased, and that is clearly because of Covid relief. Or other Covid-related policies like halting immigration. (I should be clear,
by SamReidHughes 4y ago
Working class wages have increased, and that is clearly because of Covid relief. Or other Covid-related policies like halting immigration.
(I should be clear, this is still supply-side, but related to Covid relief. "Stimulus" money spent unproductively by the government is also supply-side.)
- bushbaba 4y agoCovid relief prevented deflation. Thus when things went back to normal we saw large inflation. You also had PPP loans which went to businesses that saw growth! And those business owners got huge payouts used to buy houses and assets