Page 2 - Scarring Effect News Today

Very important in making sure that the pandemic hasnt had a scarring effect on american workers. its given them enough income and support to get through this while still being able to put food on their tables, keep roofs over their heads. >> right. >> when you dont hear people talking about, im worried about being ability to get a job, remember thats a very good impact that the rescue packages had. what were talking about with infrastructure and build back better, this is a relatively small amou...

Improve. remember, the spending we did that partially has caused this high demand for goods, its been very important in making sure that the pandemic hasnt had a scarring effect on american workers. its given them enough income and support to get through this while still being able to put food on their tables, keep roofs over their heads. >> right. >> when you dont hear people talking about, im worried about being able to get a job, remember thats a very good impact that the rescue packages had....

Indication of moving out of the 7% range. >> i think it is a disaster for the economy and for country more generally. >> reporter: john sh mitt is an senienior economist. >> if you have a job right now, you dont complain. >> reporter: the longer it lasts the longer it may last. those hit hardest by the rate are young workers. entering a troubled labor market has a permanent scarring effect. theyre going to see lower wages throughout their career. beyond that the 7% rate, means people are spendin...