Quote:
Originally Posted by Alfisti
Right but NONE of you are addressing what I keep saying. With this many people out of work, even if they are all entry level people, it SHOUD have an impact on demand for goods and services which in turn sees companies cut back on better paying jobs to cover the shortfall in revenues. I mean, this is exactly why we have ebbs and flows in our economy.
So somehow, that is not happening and it HAS to be the money bring poured in by governments to keep both people and businesses afloat.
|
Current unemployment rate is 6.7%, exactly the same as it was in Feb. 2014 -
https://www.thebalance.com/current-u...d-news-3305733
For a lot of the population they kept their normal pay and their expenses have dropped significantly (gas, car maintenance/repair, restaurants, bars, vacations, sporting events, movies, clothes, general shopping)