Archive for the ‘Bidenomics’ Category

Bidenomics: Pay people to sit on the couch and…

July 21, 2021

Shocker: They sit on the couch!
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Team Biden denies it, but its lavish supplemental unemployment benefits are keeping many unemployeds on the sidelines.

Some analysts estimate that the stay-at-home benefits offered to many unemployed households is equivalent of $25/hour … which translates to about $50,000 annually for a full-time worker ($25 x 8 hours per day x 5 days per week x 50 weeks per year).

If that number strikes you as too high, cut it in half and the conclusions don’t change.

If that’s too high for your tastes, haircut it again and…

According to a poll reported by left-leaning Morning Consult, at least 13% of the folks still unemployed admit that they’re currently receiving enough money from unemployment benefits that they don’t need to work … and, 12% say that they’re not being offered enough money to return to work (compared to the unemployment benefits that they’re receiving).

Stats Note: There’s probably a substantial overlap in those 2 groups…. but the combining “net” number is likely higher than 13% … maybe much higher.

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The bottom line according to Morning Consult is that an estimated 1.84 million unemployeds will return to the labor force when the federal unemployment benefits expire over the summer.

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Think that’ll change Biden’s position?

I’m betting the under…


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