The pandemic benefits are wrecking the economy. Folks will get in the habit of that, riot when they try to cut it off and it will become a welfare habit. We are headed for chaos because of all of this. They’ll need more illegals to fill those jobs. This is beyond crazy.
That’s exactly what is happening in retail, restaurants, etc. People just can’t be bothered for those wages and must still be masked up.
I would take a little different tack on the covid economic issues.
The Feds dumping trillions of dollars into the financial system is destroying the economy through inflation and reducing inclination for many to work at what was a reasonable labor wage.
Don’t know how to post this graph: https://fred.stlouisfed.org/series/M1V
St. Louis fed publishes a chart depicting the velocity of m1 money. For every dollar there should be a multiple effect in the economy. Lowest it has been since 1960 was 3.
It is now 1 : 1. There is zero benefit gained for the New trillions of dollars the Fed is pushing.
This doesn’t end well.
And I heard something like a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius (a day’s wages), and three quarts of barley for a denarius; and do not damage the oil and the wine.”