Small business owner in bulk ag. I’m doing ok. Not great.
Grandson, married 2 years just found out a baby is on the way. Getting laid off. He’s freaked out unfamiliar with what happens during these times. Thankfully wife is employed by the State.
He makes a great point, actually one I already made on another thread, missing one factor - illegal immigration.
In January 2020 the number of employed in the US was 158.8 million. In November of 2023 it was 161.8 million. So there are 3 million more people with jobs than before the pandemic. But in this time period at least 8 million illegal immigrants entered the country. If they all got jobs, then the legal population must have 5 million fewer jobs than 4 years ago. If none of them got jobs, then the legal population has 3 million more jobs but we have 8 million people who can only survive by having their food, their shelter, their health care, their education, their clothing, and everything they consume provided for them by the legal population through taxes and government subsidy payments to the illegal immigrants. No one is sending these people money from their home countries. They send money back to their home countries, and support themselves off our welfare state.
https://www.bls.gov/charts/employment-situation/civilian-employment.htm