Nearly half of American workers don’t earn enough to afford a one-bedroom (cont)

Re:Nearly half of American workers don’t earn enough to affo... by RhysU on Thursday August 12, 2021 @08:17PM (#28163609)

But what if we handed the printed dollars to a large number of individuals to spend immediately to cover their income shortfalls in unprecedented government largess?

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Re:Nearly half of American workers don’t earn enough to affo... by notJim on Thursday August 12, 2021 @09:03PM (#28164003)

If it's covering an income shortfall, it doesn't seem like that would cause inflation.

If I normally spend $2k a month, but then lose my job and get $2k from the government, that's not going to cause inflation.

From what I understand, much of the stimulus money was saved. https://fred.stlouisfed.org/series/PSAVERT

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Re:Nearly half of American workers don’t earn enough to affo... by willcipriano on Thursday August 12, 2021 @09:44PM (#28164313)

> If I normally spend $2k a month, but then lose my job and get $2k from the government, that's not going to cause inflation.

That $2k a month that you used to earn is still out there somewhere unaccounted for.

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Re:Nearly half of American workers don’t earn enough to affo... by nly on Friday August 13, 2021 @04:41AM (#28166802)

Except the money you would have been paid previously still exists somewhere and will go somewhere else.

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Re:Nearly half of American workers don’t earn enough to affo... by gizmo385 on Thursday August 12, 2021 @09:05PM (#28164022)

Then those people largely spend it on essentials, don't lose their housing, and don't starve to death.

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Re:Nearly half of American workers don’t earn enough to affo... by RhysU on Friday August 13, 2021 @12:00AM (#28165286)

My point was about the money supply not ethics or morality.

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