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Historically Disruptive: Make More Money Staying Home

May 13, 2021 By Debbie Young

By Syda Productions @ Shutterstock.com

Have Democrats just ruined the American work ethic and pushed it to a tipping point? Daniel Henninger in the WSJ makes the case that the $300 unemployment bonuses coupled with the checks sent directly to millions of people could turn out to be a “big, long-term mistake.”

It’s now clear that Mr. Biden and the left expect these outlays effectively to raise the minimum wage by forcing employers to compete with Uncle Sam’s money. Still, it is impossible not to be struck by how many employers say that former and prospective employees—after a year of forced unemployment—simply will not work.

Refusing To Work New in the U.S.

Ideas have consequences. By making unemployment insurance competitive with market wage rates in a pandemic, the Biden Democrats may have done long-term damage to the American work ethic.

… real employers with real companies are looking for workers to do real jobs. Keep in mind, though, that many graduates attend universities that decided years ago that to compete they had to transform their campuses into playpens.

… the scale of effects from the yearlong pandemic shutdowns, combined with the government’s trillions in direct payments, has pushed the work ethic in the U.S. to a tipping point. Describing what we do now as “remote” and “virtual” means we know our attachments to the pre-pandemic world have become tenuous.

Joe Biden talks about things his father told him, such as: “ ‘A job is a lot more than a paycheck’ he’d say. ‘Joey, it’s about your respect, your dignity, your place in the community.’ ”

Or it was until now.

Read more about Joe Biden’s mishandling of the economy here:

  • Joe Biden Is Now Just Making It Up
  • Joe Biden – Bless His Little Heart
  • What Is Causing the Worker Shortage?
  • A Recipe for Inflation Shock

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Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
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