Saturday, May 8, 2021

It pays not to work in Biden's America:

It pays not to work in Biden's America: Experts project anyone who earned $32,000 before COVID could now earn MORE in benefits staying at home

  • The average weekly unemployment benefit is now $638 - $300 more than what it was 2019 
  • That means people are earning around $16-an-hour - more than double minimum wage which is at least $7.25 across America 
  • It is creating a nightmare scenario for the economy; businesses are desperate to recover from the pandemic but they can't fill their jobs
  • It is forcing business owners to pay higher wages to attract workers, after a devastating year when they were financially knee-capped 
  • Restaurant owners, for example, say it's already driving inflation and the country isn't fully open again  
  • Republican states are cutting unemployment benefits to get people back to work
  • Mitch McConnell said the government has 'flooded the zone with checks' and it has dissuaded people from looking for jobs
  • Montana's Gov axed federal unemployment checks and instead, is giving people $1,200 bonuses to get jobs
  • South Carolina is also scrapping the federal $300-a-week unemployment boost 
  • April's jobs growth was a quarter of what was expected at just 266,000 instead of 1million 
  • A third of the country has now been vaccinated and businesses should be reopening  


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