This is too rich. Biden is telling Americans that they need to get off their butts and work, even if the job they get is paying less than government benefits. The problem is that current benefits are paying about what a $15.38/hour job would pay (depending on where you live and other factors). The push for a $15/hour minimum wage is being exposed now as a complete fallacy. The economy simply can’t work with that as a federally mandated minimum wage. Maybe in some states that would be fine, but you are seeing in real-time the problems with one-size-fits-all government.
The Daily Mail reports:
President Joe Biden on Monday said that anyone taking unemployment who gets offered a ‘suitable job’ must take it or lose their benefits after experts revealed that people making $32,000 before COVID could now earn more by staying at home.
‘We’re going to make it clear that anyone collecting unemployment, who is offered a suitable job must take the job or lose their unemployment benefits,’ the president said in remarks at the White House.
‘There are a few COVID-19 related exceptions, so that people aren’t forced to choose between their basic safety and a paycheck, but otherwise, that’s the law,’ he added.
Biden didn’t say specifically what he meant by a ‘suitable job’ but noted companies that ‘provide fair wages and safe work environments’ will ‘find plenty of workers.’
Is he not paying attention? His own policies are causing the worker shortage.
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
- Stop America’s Zombie Apocalypse before It Starts - December 1, 2023
- Survive and Thrive November 2023: A Word or Two about Your Survival Guy’s Money - December 1, 2023
- Small Government Just Works - December 1, 2023
- Locking In a Generational Opportunity in Fixed Income - November 30, 2023
- RIP Charlie Munger: Keeping It Simple Never Goes out of Style - November 30, 2023