Midwest Gasoline to Spike $0.50-$1.00 Per gallon

[jyoutz]

100% wrong. The better measure is participation rate. Unemployment rate hides too many things.

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.

 

[Torvy]

That’s kind of a tired talking point. The COVID payments ended a long time ago and unemployment is a limited term. Please explain what you’re referring to.

You are thinking about Federal programs. States and localities started fun things like paying people who aren't working.

 

[jyoutz]

You are thinking about Federal programs. States and localities started fun things like paying people who aren't working.

Name some and the states that do this.

 

[Torvy]

And participation rate doesn’t account for any of the things I mentioned.

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]

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]

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?

 

[jyoutz]

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?

And unemployment is short term (now).

 

[Torvy]

How about this one?

Most of the cited benefits are related to Obamacare health insurance, a totally different discussion. And the NY Post specializes in these types of half factual articles.

https://committeetounleashprosperity.com/wp-content/uploads/2022/12/Paying-Americans-Not-to-Work.pdf

 

[Snobdds]

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.

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]

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.