“With enhanced benefits, workers (take Pennsylvania, for example) can now make more on unemployment than they did at their jobs.”
This pointed observation was made by Steve Rattner, Counselor to the Treasury Secretary under President Obama.
The U.S is in the midst of a labor shortage because the Democrats’ Ka-ching trillion-dollar pandemic relief bill is funding all of the lazies. Thus, it pays to stay on the couch. It’s not like we didn’t have a problem with Millennials living in their parents’ basements pre-Covid being unproductive; now we are paying them to stay there and keep up the no work. Who knows, maybe their parents are staying there too, on the couch that is.
Generation Handout
Individuals taking from the government, because they can make more than when they were working, is the new national epidemic. I get it. I lost my job due to Covid, and then got less than $400 a week for unemployment until the super-bonus of $600 was added. It was a huge boost. But when it ran out after 26 weeks, I did not apply for the mutha-lode relief bill. I could have, but I didn’t.
Instead, I took online classes, hired a coach, and started trying to get out there to get a job, as a freelancer. I’ve had some success, but not as much as when I had my full-time job, nor when I was getting paid by the government for my unemployment benefits. But I’ll persist.
I’ll admit, it was a relief, but it never felt good, and it never felt “right.” I struggled with accepting money – for which I paid into, mind you, for decades – but it just felt wrong. So, when it ran out, I didn’t go for the next handout. I’m using my savings. Not the smartest business decision probably, but I feel better.
I actually want to get back into the full-time job arena and start feeling like my life is post-Covid chaos and back to normalcy. This segment of our society that is willing to take for the sake of taking, is troubling. If you can work – go out and work. Self-pride is worth a million.
Thank a Democrat – they have officially made this the new welfare nation.
According to the Zerohedge:
“Thanks to “Biden’s Trillions” (which as we reported a month ago have sparked a historic labor shortage), and – not just hard – work is punished and instead America’s great unwashed masses are rewarded to do absolutely nothing.
Of course, the Biden admin will never admit to a full-blown socialist takeover of the labor force by the government’s handouts, and instead is blaming the collapse in people looking for jobs on such intangibles as fear of covid, mothers staying at home, and who knows what else.
Zerohedge credits Rabobank’s Michael Every with this “100% spot-on conclusion:”
Firms aren’t going to raise wages when they know the stimulus checks run out soon (and as labor generally has no bargaining power): but they can’t re-open until the workers come back. Yet if the government believes the lack of re-opening requires extended stimulus, then theoretically we can all sit like this for a long time… It’s ironic that just as central banks can’t see their miserly policy towards labour doesn’t work, Keynesianism Redux (economics theory) can’t see its generous policy maybe doesn’t always work either.
Zerohedge finished with this:
Who could have possibly foreseen that attempts to transform the US into a socialist nation would have an unhappy ending?
As well, Alabama will end the additional $300 unemployment bonus.
It appears that another state sees the truth. These handouts incentivize welfare individuals to stay home instead of coming out of their basement and working. This is all contributing to our nation’s new labor shortage.
Per the Daily Caller:
Republican Gov. Kay Ivey announced that the state would withdraw from the coronavirus relief program by June 19, 2021, arguing that the $300 in additional weekly payments was incentivizing people not to look for jobs. She suggested that the labor shortages reported in states across the country have been caused by the unemployment boost.
“As Alabama’s economy continues its recovery, we are hearing from more and more business owners and employers that it is increasingly difficult to find workers to fill available jobs, even though job openings are abundant,” Ivey said in a statement.
“Among other factors, increased unemployment assistance, which was meant to be a short-term relief program during emergency-related shutdowns, is now contributing to a labor shortage that is compromising the continuation of our economic recovery,” she said.
Bingo!
Remember illegal immigrants? The argument was always they take jobs away from Americans? Well, who do you think is going to come in and fill these jobs? We’ll have a labor force that is non-English speaking, or at least not well, become the beneficiaries of AOC’s 15 dollars an hour wage. And let’s not leave out the signing bonuses that businesses find themselves forced to offer. Without them, no one applies. Seriously, my co-worker says her local Cefco gas station is offering $5,000 sign on bonuses! Forget those college degrees.
Businesses are clamoring to try to find ways to entice people back to work. Without employees, you’re up the creek without a paddle. Even once Covid restrictions disappear, you absolutely need people to work. Otherwise, you cannot sustain productivity.
Democrats reign supreme again with another failed policy. They have systematically found a way to recreate the new welfare nation.
How’s that socialism working for you?
