America is not working, thanks to COVIDiocy and Bidenomics

The nation added 390,000 jobs in May, according to the latest federal data, the lowest gain in the past 12 months and still left America 800,000 below pre-pandemic levels. But employers are desperate to take on more, with a survey from last week showing hiring is America’s top concern, even exceeding inflation.

A huge missing piece of the puzzle: the millions who have completely left the workforce, with unemployment benefits extended by the Democrats even after the economy recovered a huge cause.

It’s not like they still get checks; it’s that when people don’t work for a year or more, many of them give up, or just never go back; some are retiring early, with a much tighter budget than they ever planned. (Ongoing COVID hysteria gives people over 50 another reason to stay home.)

Think of it as yet another permanent cost of the excessive lockdowns and the politicians’ desire to send out checks in the name of ‘helping’.

The proof: The U.S. employment rate, which measures how much of the working-age population is working or seeking, stands at just 62.3%, well below pre-pandemic levels.

This isn’t rocket science either. Research by Ivy League and Fed economists has shown that every 10% increase in unemployment benefits can reduce job applications by 3%. And it is an established fact that the longer people stay away from the labor market, the less likely they are to return.

A man walks past a "hiring now" sign posted outside a restaurant in Arlington, Virginia
The U.S. employment rate is just 62.3%, well below pre-pandemic levels.

It has happened in recession after recession as Congress expands unemployment benefits. After the prolongation of unemployment due to the Great Recession of 2008, the employment rate fell from 66% to below 63%, a trend that only stabilized in 2015 and just started to recover as our leaders slammed our economy to “slow the spread”. (It didn’t work, by the way.)

Pointlessly long school closures also prevented parents from going to work; the long “public health” terror campaign to scare people into staying at home hurts too.

But the fun doesn’t stop there.

In 2021, long after we weathered the worst of the pandemic, President Joe Biden’s US bailout has dumped $1.9 trillion into our already hot economy, fueling the inflation now plaguing the country. And much of that change went to more unemployment benefits, even as jobs returned en masse.

a "hiring now" sign has been placed at a discount department store
Researchers have found that fewer people are returning to the labor market or attempting to return if more benefits are given while they are unemployed.
PATRICK T. FALLON/AFP via Getty Images

A side effect of the ‘labour shortage’ is that companies are being pushed to raise wages in order to attract new employees. Good for them, but that also forces price increases, fueling inflation.

Bidenomics has been a disaster across the board, but the people who are tempted into permanent unemployment are perhaps the worst victims. Incidentally, because Democrat-led states implemented the toughest lockdowns and also went for the Biden unemployment extension that many GOP states refused, these victims are disproportionately urban, minority workers — or rather ex-workers.

Biden claimed Friday that he had delivered “the most robust recovery in modern history”. Americans will make their own judgment on that in November.

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