“People will soon need to go back to work. Employers will benefit from JPowell’s course of action.”
No offense...but, are you insane? If he actually wanted to do his job, and maintain the dollar, he would have taken action shortly after “Sleepy” took office, and decimated our energy sector. Employers, when they can find employees willing to show up, are saddled with extraordinary increases in their input costs, more regulation, and horseshit increases in the minimum wage to “level the playing field” which does nothing but destroy the bottom line for the small, to medium sized business owner that can’t afford to take the hit, and ultimately lays people off, or closes his, or her doors. The bullshit of this “bottom up, middle out” financial plan has to stop.
Nobody is more bullish on oil and gas than Joe Biden. Employers will get back the advantage they had in the past, now that people will go back to work in a crappy economy. The markets in general perform better when unemployment is 5-8%.
See my #14. Most of the media is behind. Hiring conditions have improved in many unrelated industries from food to factories to techies, etc.
Also wage increases have slowed due to the above.