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‘Stimulus’ Does Little for Jobs

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"The Biden administration says if Congress passes the proposed $1.9 trillion Covid relief bill, we won’t have to “wait for years for the economy to return to full employment,” as two members of the Council of Economic Advisers put it in a recent White House blog post.

It’s the right goal. In April 2017, the unemployment rate dipped below what the Congressional Budget Office projected as full employment. It stayed there until the pandemic. That created intense competition for employees and drove wage growth at or above 3% for 20 consecutive pre-pandemic months. By 2019 median family income hit a record high, the poverty rate declined to a record low, and income inequality decreased for the second year in a row."

Read More: https://www.wsj.com/articles/stimulus-does-little-for-jobs-11613944643?mod=opinion_lead_pos10

By meme.crusade February 22, 2021

Ramute Skamarakiene

The huge costs will do more harm than good!
Government spending can put more money into circulation and can increase sales but all this is temporary because those costs are still limited!
The job will not be affected!

No. But its going to be the largest time of gun purchases in history. :-)
Lemons Lemonade

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