Re:Unemployment Is High. Why Are Businesses Struggling to Hire?
by jchanimal on Tuesday April 20, 2021 @10:46AM
(#26875396)
Is the solution to this inflation?
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Re:Unemployment Is High. Why Are Businesses Struggling to Hire?
by aphextron on Tuesday April 20, 2021 @11:17AM
(#26875820)
Inflation is the result of rising wages. However, we're in a place now where wages haven't even matched inflation for decades. Suddenly things start catching up and everyone loses their mind, claiming it's the fault of unemployment insurance.
Re:Unemployment Is High. Why Are Businesses Struggling to Hire?
by Guest42 on Tuesday April 20, 2021 @10:48AM
(#26875422)
Can you elaborate the types and causes of inflation being mentioned?
Re:Unemployment Is High. Why Are Businesses Struggling to Hire?
by DavidButter on Tuesday April 20, 2021 @10:50AM
(#26875467)
Asset inflation, I assume?
Re:Unemployment Is High. Why Are Businesses Struggling to Hire?
by HarryHirsch on Tuesday April 20, 2021 @10:49AM
(#26875456)
Inflation benefits people with debts. People with assets are quite untouched, you'd even think that real estate is viewed as a safe investment (the "concrete gold" meme). Better unemployment benefits would help, but under Delaware Biden they are a political impossibility.
Re:Unemployment Is High. Why Are Businesses Struggling to Hire?
by jolux on Tuesday April 20, 2021 @10:55AM
(#26875543)
Unemployment benefits are currently the best they’ve ever been by a wide margin.
Re:Unemployment Is High. Why Are Businesses Struggling to Hire?
by HarryHirsch on Tuesday April 20, 2021 @12:24PM
(#26876817)
The word is "currently", isn't it? They'll be rolled back soon enough, same as in 2008, to get the plebs back to work.
Re:Unemployment Is High. Why Are Businesses Struggling to Hire?
by jolux on Tuesday April 20, 2021 @01:34PM
(#26877738)
One assumes, though it's expected the child tax credit will be introduced in a permanent bill eventually, so I think there's a chance we'll see a more permanent UI benefit too. At least I hope.
Re:Unemployment Is High. Why Are Businesses Struggling to Hire?
by HarryHirsch on Wednesday April 21, 2021 @01:26PM
(#26892690)
Pfft. Biden rolled back immigration restrictions in a period of record unemployment, and you expect improvement in unemployment benefits? Labour must be squeezed, and the child tax credit does that, too. Can't have a reduction in births, that would mean less workers fighting for a job twenty years down the line.