Monday, November 30, 2020

$600 Lies

 "The $600 in weekly benefits has been one sticking point. Republicans argued that the flat increase created warped incentives for workers, as many as two-thirds of whom earned more through unemployment than at work. Studies showed that due to extremely high unemployment, the benefit had few effects on the overall labor market."


Interesting read. Sad state of affairs when without this government intervention, a number of states won't provide enough unemployment for the most basics of needs. Bad enough in a "normal" world... almost unforgivable in the middle of a pandemic with skyrocketing costs of living...


-SGAF


Source Article: https://thehill.com/policy/finance/528007-gao-unemployment-benefits-fell-below-poverty-line-in-13-states

Sunday, November 29, 2020

Up and Down: Gains of Poverty

 https://www.bloombergquint.com/global-economics/decades-of-gains-over-u-s-poverty-at-risk-of-being-wiped-out


"Economists have described this as the “K-shaped recovery”, in which wealthy Americans are seeing jobs and investments snap back, while the lower-income ranks lag far behind."


Yet again, we are seeing the "rich get richer" mentality take over. It is amazing to see the inability of those in power on both sides of the aisle to care about those who need it most.

-SouthGA

TBA...

 I'm back in control of the site after a sale, another sale, and finally a dissolution fell through. Look for more content in the near future!


-SouthGA