RESEARCH REVEALS UNITED STATES ECONOMY RECOVERY SHOWS IMPRESSIVE RETURN
The US economic recovery shows impressive rebound against covid-19 prescription
The U.S. economic rebound is unlike any in recent history, and its sheer speed is triggering turmoil. “A collapse and then a boom-like pickup.
When Covid-19 restrictions sent the U.S. economy into free fall last spring, economists and policy makers worried it would take years for workers and businesses to heal. They now expect the economy’s size to surpass pre-pandemic levels this quarter.
This recovery is unlike any in recent history, powered by ample savings, businesses eager to hire and enormous policy support. Economy could emerge with far less permanent damage than occurred after recent recessions.
It certainly worked for FDR. He face the exact same resistance, the exact same excuses, and the exact same cries of “Socialism!” as he pulled us out of the Great Depression. Biden modeled quite a bit from his policies. And is receiving the same backlash.
Employers added 559,000 jobs in May, but they are struggling to fill job openings as the economic recovery gains momentum. This also have nothing to do with “unemployment” which a few % of Americans even qualify for. The crackdown on illegal immigrants who are desperate to take these jobs for peanut wages has caused a major problem for industries who can’t get Americans to take these jobs at minimum wage.
Cedar Point, the world's largest amusement park, raised base pay to $20/hour. Just announced they're not open all of June because of lack of interested workers. 20 years ago I suffered through that seasonal abuse for min. wage. Still not worth it at $20
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