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> It is basic supply-and-demand principle. When people have more money, demand goes up, while supply remains constant Again, "demand" here means paying off cre
by autoexec 4y ago
> It is basic supply-and-demand principle. When people have more money, demand goes up, while supply remains constant
Again, "demand" here means paying off credit card debit they needed to rack up to keep food on their tables and paying their rent to keep a literal roof over their heads. People who need the stimulus money aren't the problem.
Companies are blaming stimulus money for their hiring problems along with everything else they can think of besides their own abusive behavior and terrible pay/benefits. Why wouldn't they?
Covid made it crystal clear to people that companies don't care about them, or their safety. Can we blame people for not rushing back to them to be underpaid and treated like garbage?
> A federal program that paid $600 a week in unemployment benefits for part of 2020 meant that two-thirds of people collecting benefits made more than they had when they were employed
If you make so little money working that $600 is more than you'd earn after working 40 hours (including benefits like health insurance) you should stay home. That's not a problem with too much help for people, it's a problem with terrible terrible wages. When workers refuse to get a job for less than they need to survive that's supply and demand working too. We're just starting to see wages go up because of it. The wake up call of Covid has also helped pushed calls for unions.