THE MOST IMPORTANT THING FOR ENSURING A STRONG LABOR MARKET RECOVERY
In today's @Markets newsletter, I wrote about why fears of expanded Unemployment Insurance impeding the labor recovery are misplaced. And why cutting benefits will slow job creation bloomberg.com/news/newslette…
In today's @Markets newsletter, I wrote about why fears of expanded Unemployment Insurance impeding the labor recovery are misplaced. And why cutting benefits will slow job creation bloomberg.com/news/newslette…
@markets If you want people to go back to work, you need job openings. And to get job openings, companies need to have revenue. And for companies to have revenue, households need income. Cutting household income undermines the whole thing.
Or in other words, @traderscrucible's famous recurring tweet
This is really it and explains why business tax cuts don't automatically translate to job creation. Unless companies are actually going to see new sales from their hires, there's no reason to hire more, even if their taxes are lower.
