Minimum Wage & The Fed's Biggest Fear
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The arrival of COVID-19 in the U.S. at end of March led to one of the sharpest economic downturns in U.S. history. The unemployment rate peaked in April at 14.7 percent. This caused immediate and unprecedented financial ramifications for the millions of Americans who were suddenly unemployed—particularly low-income Americans. While there has been an uptick in the economy—10.6 million jobs were added between May and August, and the unemployment rate fell to 8.4 percent—many low-income Americans remain on the edges of the economic recovery.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Commentary How does the minimum wage affect the Fed's biggest fear? I touched on this subject previously as ...
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