Any moron would realize that if you had to pay people more for a job, you would have less money to pay others to do a job. Therefore, you would lose jobs. It happens EVERY TIME. The groups that get hit hardest are unskilled and teenage workers that could use the job to get some skills and make a little spending money.
This and Democrats really screwed up in one area with using COVID as a means to oust Trump. They caused the the fed rates to collapse from the mid 2s to nearly 0 in a few months. If anything happens even moderately bad economically the fed has almost no tools left to forestall or prevent another downturn, It took years to build back the interest rates to 2 or 3 percent after 08s quantitative easing.
They now have to tiptoe extremely carefully because if they spill the economic milk they don't have enough napkins to clean it up.
(The fed actually could put the money printer on max as a last resort, but history shows that any semblance of a stable government doesn't last too long after that.)
Did you expect them to tell the truth?
Any moron would realize that if you had to pay people more for a job, you would have less money to pay others to do a job. Therefore, you would lose jobs. It happens EVERY TIME. The groups that get hit hardest are unskilled and teenage workers that could use the job to get some skills and make a little spending money.
This and Democrats really screwed up in one area with using COVID as a means to oust Trump. They caused the the fed rates to collapse from the mid 2s to nearly 0 in a few months. If anything happens even moderately bad economically the fed has almost no tools left to forestall or prevent another downturn, It took years to build back the interest rates to 2 or 3 percent after 08s quantitative easing.
They now have to tiptoe extremely carefully because if they spill the economic milk they don't have enough napkins to clean it up.
(The fed actually could put the money printer on max as a last resort, but history shows that any semblance of a stable government doesn't last too long after that.)