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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: DinoNavarre who wrote (8223)12/21/2021 1:56:08 AM
From: elmatador1 Recommendation

Recommended By
kingfisher

   of 13789
 
reduce incentives to work and to invest and will result in 9 million fewer Americans working over the next decade, according to University of Chicago professor Casey Mulligan.


If you unwrap the Build Back Better $1.75 trillion spending plan you will see that it is the creation of a Welfare State.

This is the state spening balooning under the guise of a building infrastructure plan.

Mulligan calculates that
  • expansion of the Affordable Care Act and Medicaid would reduce take 4.5 million workers out of the labor force;
  • paid family leave would take out another million; and
  • new affordable housing subsidies would reduce workers by another half million.
  • He calculates that 10 other provisions would shrink the workforce by an additional 2.5 million workers.

The incentives to leave the labor force under the Build Back Better Act come at a time when employers are struggling to get adequate workers.

Stimulus checks sent out during the pandemic increased the demand for goods and reduced the supply of workers.

This is as though we gave everyone coupons to eat at McDonald's but told fast food workers not to show up to make the burgers and fries.

In October, the labor force participation rate—the share of the civilian non-institutional population either working or looking for work—stood at 61.6 percent, compared to 63.3 percent before the pandemic. That corresponds to approximately 4.5 million Americans no longer working or looking for work.

https://www.forbes.com/sites/dianafurchtgott-roth/2021/12/01/building-back-better-supply-chains/?sh=4001ab641960


A plan that only Elroy can love :-)



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