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Montana Is First State To Cancel Unemployment Benefits In Response To Unprecedented Worker Shortage


Montana Is First State To Cancel Unemployment Benefits In Response To Unprecedented Worker Shortage
Published: May 6, 2021
Three weeks ago, when looking at the unprecedented labor shortage that is crippling the US economy (even with some 100 million Americans not in the labor force).
.we said that there is a simple reason for this paradoxical phenomenon: 
trillions in Biden stimulus are now incentivizing potential workers not to seek gainful employment, but to sit back and collect the next stimmy check for doing absolutely nothing in what is becoming the world s greatest under the radar experiment in Universal Basic Income.
 
Consider the following striking anecdotes from Bloomberg: ....

United States , Red Bluff , National Bureau Of Economic Research , Alexa Tapia , Wolfgang Puck , Kathy Garcia , Melissa Anderson , Spago Beverly , Andrew Stettner , Greg Gianforte , Jodi Roeske , Yale University , Red Bluff Job Training Center , Century Foundation , Federal Reserve , Portillo Hot Dogs , Labor Department , National Employment Law , Sierra Pacific Industries , Universal Basic , Silver Chest Creations , Pacific Industries , Northern California , Economist Bill Dunkelberg , Spago Beverly Hills , Michael Every ,

Montana Cancels Unemployment Benefits in Response to Unprecedented Worker Shortage


Montana Cancels Unemployment Benefits in Response to Unprecedented Worker Shortage
First state to make move as businesses struggle to lure workers off the dole
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Three weeks ago, when looking at the unprecedented labor shortage that is crippling the US economy (even with some 100 million Americans not in the labor force)…
…we said that there is a simple reason for this paradoxical phenomenon: trillions in Biden stimulus are now incentivizing potential workers not to seek gainful employment, but to sit back and collect the next stimmy check for doing absolutely nothing in what is becoming the world’s greatest “under the radar” experiment in Universal Basic Income. ....

United States , Red Bluff , National Bureau Of Economic Research , Alexa Tapia , Wolfgang Puck , Kathy Garcia , Melissa Anderson , Spago Beverly , Andrew Stettner , Greg Gianforte , Jodi Roeske , Yale University , Red Bluff Job Training Center , Century Foundation , Federal Reserve , Portillo Hot Dogs , Labor Department , National Employment Law , Sierra Pacific Industries , Universal Basic , Silver Chest Creations , Pacific Industries , Northern California , Economist Bill Dunkelberg , Spago Beverly Hills , Michael Every ,

As Biden Pushes Trillions In Stimulus, Employers Struggle To Lure People Back To Work


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US Chamber Of Commerce Urges Biden To End Pandemic Handouts: Paying People Not To Work Is Killing The Recovery
by Tyler Durden
Friday, May 07, 2021 - 04:11 PM
Update (1055ET): Right on cue, just after Minneapolis Fed chief Neel Kashkari admitted that expanded unemployment insurance was keeping workers out of the labor market, contributing to Friday s disappointing employment number, the US Chamber of Commerce released a statement calling for ending the $300 weekly supplemental benefit.
Executive Vice President and Chief Policy Officer Neil Bradley released the following as a statement, saying that while there might have been a time when the benefit was needed, that time has now passed. ....

United States , Red Bluff , Jerome Powell , Spago Beverly , Jeffrey Epstein , Kathy Garcia , Melissa Anderson , Jodi Roeske , Economic Policy Institute Heidi Shierholz , Red Bluff Job Training Center , National Federation Of Independent Business , Portillo Hot Dogs , Labor Department , Sierra Pacific Industries , Economist Bill Dunkelberg , Late April , Wall Street Journalreported , Wolfgang Puck , Spago Beverly Hills , Silver Chest Creations , Pacific Industries , Northern California , National Federation , Independent Business , Universal Basic , Joe Song ,