“We have flooded the zone with checks that I’m sure everybody loves to get, and also enhanced unemployment,” Senate Minority Leader Mitch McConnell
last week. “And what I hear from business people, hospitals, educators, everybody across the state all week is, regretfully, it’s actually more lucrative for many Kentuckians and Americans to not work than work."$387. That's how much the average American receives from their state in weekly unemployment payments, according to the
, which rises to $687 with the federal boost. Based on a 40-hour workweek, that means the average unemployed American is getting the equivalent of $17.17 an hour—more than twice the federal minimum wage.earlier this month, Federal Reserve Chairman Jerome Powell said it was"not clear" federal unemployment benefits were causing a labor shortage.
Finally there is upward pressure on wages. Interesting that it had to come from government. Apparently it doesn't come from capitalism.
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