jyoutz
Super Member
And participation rate doesn’t account for any of the things I mentioned. If someone isn’t in the labor force or seeking work, they have zero influence on the wage rates.
Midwest Gasoline to Spike $0.50-$1.00 Per gallon
- Thread starter NoTrespassing
- Start date
- Views: 38272
Torvy
Super Member
You are thinking about Federal programs. States and localities started fun things like paying people who aren't working.
jyoutz
Super Member
Name some and the states that do this.
Torvy
Super Member
True, but it measures more consistently how many working age people are actually working. When you see a large drop off, it tells you there is something significantly wrong with the economy. The percentage of PHD students who are not working did not suddenly spike.
Blue Mule
Gold Member
Diesel is now $1 per gallon more than gas again here in KY. I guess they'll blame this on the "start up for heating oil production" or the hurricanes or something....
ArlyA
Super Star Member
- Joined
- Mar 18, 2016
- Messages
- 12,138
- Tractor
- Outlander max 1000 6x6, Ego lawn mower
Here is a few points for those who like to claim "people are sitting at home getting fat on unemployment".
During the pandemic I couldn't get any extra, so what I did receive wasn't even 1/2 enough to live on.
One of my work mates did and after a year, received a note from the state that stated "you do not qualify and must return all funds paid out to you". This freaked him out and knew that the state had made the mistake, not him. He pointing this out and the state dropped the suite but he wouldn't take any more unemployment and said "its just not worth the risk!"
So me and most of my buddies did not qualify for unemployment during the pandemic and they just wanted to work.
Who are all these people who should be working but on unemployment?
During the pandemic I couldn't get any extra, so what I did receive wasn't even 1/2 enough to live on.
One of my work mates did and after a year, received a note from the state that stated "you do not qualify and must return all funds paid out to you". This freaked him out and knew that the state had made the mistake, not him. He pointing this out and the state dropped the suite but he wouldn't take any more unemployment and said "its just not worth the risk!"
So me and most of my buddies did not qualify for unemployment during the pandemic and they just wanted to work.
Who are all these people who should be working but on unemployment?
jyoutz
Super Member
And unemployment is short term (now).
Torvy
Super Member
Snobdds
Elite Member
Sure they do...a smaller pool of people drives wages up. A large pool of people decreases wages.
What do you think all the migrants are doing to wage pressure?
scootr
Super Member
- Joined
- Aug 9, 2022
- Messages
- 5,051
- Location
- Temecula California
- Tractor
- Kubota MX5200 HST, 773 Bobcat, Cat forklift
The CA minimum wage is up to $15.50 an hour.
Coincidently the average cost of a burger, fries and a drink is also $15.50
No coincidence we do not eat out any more.
I don't see how high wages is really helping anybody. When I was a kid I had 2 jobs to pay my apt. rent and food etc. I was poor but I was independent. I rode a bicycle to work. Nobody works like that any more.
Coincidently the average cost of a burger, fries and a drink is also $15.50
No coincidence we do not eat out any more.
I don't see how high wages is really helping anybody. When I was a kid I had 2 jobs to pay my apt. rent and food etc. I was poor but I was independent. I rode a bicycle to work. Nobody works like that any more.
