MSNBC had a meltdown on Monday as the nation’s August job numbers showed a huge slowdown contrasting the Biden administration’s projected numbers.
“The United States economy added 235,000 new jobs. Around 720,000 had been expected,” the host reported.
What happened? According to the MSNBC expert, “Economists thought we were booming, racing. We are not seeing what we thought we were going to see.”
She added, “We are seeing wages go up a smidge. That’s positive news. Economists, they will be writing PhD papers about this for years over the fact that there are millions of open jobs in this country. Yes, many of them are lower wage jobs, trucking jobs, service jobs, hospitality jobs that aren’t getting filled with Americans asking, ‘Why isn’t that the case?'”
But it doesn’t take a PhD to recognize the problem. The combination of COVID restrictions forcing some parents to stay home, higher unemployment benefits in some states and child tax credits sent each month to millions of Americans is leading to many people not even looking for jobs.
The attitude among some has been that if I’m making money sitting at home, why get a job?
That’s certainly not the only factor, but it’s enough to change the economics. It might help if businesses and schools stayed open so those who wanted to work too.
Want to know what does work? Look at states like Texas and Florida. They have top economies due to lower restrictions and increased freedoms to operate. If you want more workers, simply put, give more freedom.
