BEWARE THE simple solution to a complex problem. In recent weeks at least 25 states, all with Republican governors, have cut off federal unemployment benefits. This is in spite of the fact that the programmes in question are fully funded to early September and cost the states nothing. Kim Reynolds, Iowa’s governor, blamed the payments for “discouraging people from returning to work”.
There is no evidence of a massive wave moving from office to sofa. Job openings in April hit a new record of 9.3m; employers hired 6.1m people, about as many as were hired in March. Accommodation and food services—a subsector of the broader hospitality sector—boasted more openings and hired more people than any other sector. Competition for workers has grown fierce: restaurant chains including Chipotle, Olive Garden and McDonald’s all plan to raise wages.
For the Biden administration, the salary rises are both welcome and worrying. They are welcome because Mr Biden has long advocated more power and leverage for workers. Higher wages—along with quit rates, a tacit and widespread sign of faith in the economy—indicate that they have more of both. They are also worrying because rising wages and prices could presage a long-lasting inflationary surge, which might leave workers no better off in real terms.
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مثل مسدود رجوی مثل صدام حسین مثل شمر بن ذی الجوشن مثل چنگیز خان مغول مثل بنیتو موسولینی مثل توجو هیدکی مثل مائو مثل استالین ادم میکشند و ذره عذاب وجدان هم ندارند این هدیه انتخاباته؟ Irans regime killed the ppl Iran...yasuj....yesterday
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