The government paying people not to work is making it hard for employers to find employees.
Gosh, we’re shocked.
🤔| GOLDMAN SACHS: "… labor supply appears to be tighter than the unemployment rate suggests, likely reflecting the impact of unusually generous unemployment benefits and lingering virus-related impediments to working."
— James Pethokoukis (@JimPethokoukis) May 9, 2021
That and you know, completely shutting down entire economies over a virus in order to force mail-in voting to get rid of the bad orange man. *adjusts tin foil*
Stephanie Ruhle was good enough to remind us all that journalists don’t know anything about economics, even when they are supposed to.
Thanks Steph!
Why is it – that the unemployment benefits are too generous rather than the pay offered by employers too low?
Pay more $ = find more workers
If margins are so thin, that you cannot increase pay without passing it through/losing customers = your biz model doesn’t work https://t.co/OODyU8smSH— Stephanie Ruhle (@SRuhle) May 10, 2021
She doesn’t get it.
But she’s not special.
None of them seem to understand that it doesn’t matter what employers are willing to pay when the government is giving people 15 an hour to sit home and do nothing.
Just pay everyone a thousand an hour and raise prices by hundreds is the kind of fantasy talk from someone who's never run a business in the real world.
— Razor (@hale_razor) May 10, 2021
Wheeeee!
That’ll fix it!
Nice.
1. The Feds are competing w/employers for workers. They are just paying the workers to not work, & debt financing the whole thing.
2. She wants the wage growth passed onto the consumer. That would hurt the lower wager earners the most, thus offsetting their wage growth.— Rich Weinstein (@phillyrich1) May 10, 2021
Hard for an employer to compete with the federal government.
"So more, then?"
"The minimum is 15 dollars an hour, but some people like to pay more, and we encourage that." pic.twitter.com/d2VvB9J3Sf
— Aldous Huxley's Ghost™ (@AF632) May 10, 2021
WHy is it that leftists don't understand economics?
Raise the cost of doing business, you cause consumer prices to increase.
And the business models that you say don't work are companies that have been around for 50+ years
McDonald's
Walmart
— Shay Patrick Cormac (@ShayCormac_1) May 10, 2021
Walmart does pay above minimum wage $15.25 for hourly workers.
They are not the ones sounding the alarm abt not finding workers.
Many from the service industry have moved to Walmart & other big box retailers (especially distribution centers) & don’t plan to return to orig jobs— Stephanie Ruhle (@SRuhle) May 10, 2021
Huh?
Yeah, to hell with the mom and pop business anyway, amirite?
— Cranky Gordon (@StillCrankyAF) May 10, 2021
Totally.
To Hell with them.
*shakes fist*
Why is it you are allegedly a business correspondent and yet you clearly know nothing of business or elementary economics?
— WitCoHE (@E__Strobel) May 10, 2021
Do you think restaurants are high margin businesses? Do you think small business in general is? Of course they are not, there is only so much money and then the only choice is a price increase. This forces inflation, and could cause them to lose business or consumers to pay more!
— A Trillion Here, a Trillion There! (@jimkaldem) May 10, 2021
Nice of Steph to show us how truly out of touch she is with average, everyday small businesses.
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