New theory: Employment will be come a less important economic indicator. Applying the future effects of Biden's stimulus with my societal experience give me the following conclusion
A lot of people are in dual income households doing jobs they hate. They balance their hatred of work with the joy of their lifestyle. The thought of continuing stimulus and UBI could be enough to get 1 person to quit their job.
Some may quit their job but still make money, just less. Doing something they enjoy: direct sales, Esty projects, etc. There's GrubHub amd Uber too, not sure how those people are counted in the employment picture..
Whether or not those people are making wise financial decisions is a different debate. Over all, I feel politicians and analysts do not take into account how many people are using every financial opportunity available to figure out a way to stay home and sit in front of the TV.
The effect on employment being we could be making a generational shift in a matter of months. Compared to how long it took for most households to go from single income to dual income. 1960's to the 80's.
Not referring to Gov't unemployment numbers, as those have their own timelines that knock people off the list, but more specifically other measures, workforce participation, etc.
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