When Is the next economic correction happening?
Absolutely understand why people like the WFH, I am just more old school and prefer the office environment that keeps work at work and home at home.
I like the drive to work to ramp up and the drive home to wind down.
Just engrained.
Love my family, love my dog, love my house, just not 24/7 LOL.
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When Is the next economic correction happening?
Quote:
Originally Posted by
SONIC
I got an email from the state (TN) where they have a new program to get people back to work.
If you have an employee who won't come back to work you can let them (TN) know and they will kill their unemployment benefits to force them back to work.
I'm all for it.
This should have been rule #1 from the start of the federal unemployment benefit.
Rule#2: federal unemployment plus state unemployment can’t exceed your normal pay rate.
Example: we have a plant in Utah, our line associates make $15 an hour or $31200 annually based on 2080 hours.
Fed plus state unemployment was paying them $42000 to stay home at the start of the pandemic and is paying the $32400 now.
This example doesn’t include that there was no tax on the federal unemployment making it probably closer to $50k+ annually
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When Is the next economic correction happening?
In Michigan the help wanted signs are incredible.
Local McDonald’s offering $14 an hour AND college tuition assistance. Pre pandemic last year the same McDonald’s was offering $9.50.
Never seen so many high paying entry level jobs.
Fed ex warehouse offering $20 an hour to start plus full bennies. Crazy money for a 18 yo out of highschool. $42k with a highschool diploma.
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When Is the next economic correction happening?
Quote:
Originally Posted by
Holdmybeer
This just has not trickled down yet. Soon enough the cost of living will increase to match and $15 will be the new $8.25. The middle-class wages will stay the same and make them the new poverty line and the top 10% will shrink to top 1% and the balance of wealth and jobs will be completely off.
Going from $8 to $15 is a 40% pay raise. But I won't see that kind of increase but inflation will. Enjoy it while you can I guess, but we will all be broke if this keeps up.
You are 1000% correct.
When the dust settles, we will all have a size able pay cut due to inflation.
Simple way to say it is wealth redistribution.
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