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Reply to "Several states cancel unemployment benefits boost"
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[quote=Anonymous][quote=Anonymous]And yet still no one talks about the supply side of the equation. The 2 themes I hear a lot: 1. Low wage employees work very hard and are not paid enough for the value of what they produce 2. Free money/mass unemployment will have zero effect on inflation so we don’t have to worry How can these both be true? Chipotle as a case in point. Businesses are literally competing against “free money.” Their choice: either ask the remaining employees to pull even more extra weight (and get burned out) or hire new employees at a rate that competes with sitting at home thanks to Uncle Sam. Your burrito bowl now costs 18 dollars. [/quote] or, chipotle owners cut their millions in profits to avoid huge price increases.[/quote]
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