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- Thread starter KNIGHTTIME^
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Trevor Bedford one of the big virologist guru's said in a tweet yesterday that shit with mutations and cov2 about to get real.
I don't think Pfizer/Moderna can pump out vax updates fast enough based on the vibe I got from his tweet. How do you think people will react when they find out they have to get a script of molnupiravir for breakthrough infections? It's a hard sell. I wouldn't give that poison to the local rat population, no less a loved one.
That's where we are headed. Combo therapy.
I don't think Pfizer/Moderna can pump out vax updates fast enough based on the vibe I got from his tweet. How do you think people will react when they find out they have to get a script of molnupiravir for breakthrough infections? It's a hard sell. I wouldn't give that poison to the local rat population, no less a loved one.
That's where we are headed. Combo therapy.
There is more to this than unemployment benefits and people not wanting to work. We are at 2% unemployment here and there are job openings everywhere. Population is the same, labor workforce participation rate is the same, and it's not like we have huge growth in the number of jobs over the last year. All I can come up with is that the number of illegal aliens that were employed was vastly underestimated. They left in 2020 and haven't come back yet.
It is because people took other jobs, especially in the restaurant industry, where even if the restaurant was paying them through PPP loans, many were probably just paying the hourly wage, and not paying them what they would have made with tips, and many people who were working two jobs are likely just working one job now. But you are correct that this narrative that people just dont want to work makes no sense. If that were the case the unemployment rate would be high, and that just isnt the case.
What other jobs? and what happened to the people that used to be working those jobs?
People left service industry jobs for places like Amazon during the pandemic. They aren’t suddenly coming back. More people went to delivery services and less are frequenting stores and restaurants. Not all retail or restaurants will survive. Has nothing to do with paying unemployment benefits.
Just because you take a new job doesnt mean you are replacing someone else. Companies hire employees all the time when they expand, not just because they are replacing other employees. Like Jeremy said, Amazon added over 400,000 jobs by October of last year (that doesnt include this year), and many of those new workers likely came from the service industry.
So why is the unemployment rate higher, and the number of job openings higher than it was 2 years ago? We still have the same workforce participation rate. Something doesn't add up.
Alabama’s July unemployment rate was 3.2 percent
In July, 2,138,925 people were counted as employed, up 82,577 from July 2020.
www.alreporter.com
Alabama's unemployment rate in July was 3.2 %, which is essentially considered full employment. This narrative Republicans are trying to push just isnt reality.
Job openings and unemployment rate are not the same thing. If a business wants to hire 100 new people, but can only find 10, that doesnt mean that the other 90 people are collecting unemployment, it means most are working somewhere else.
Yes.
There are still 1.4 million more jobs than unemployed people, but the gap is closing
Employment vacancies fell to 7.35 million from 7.38 million in May, according to the Job Openings and Labor Turnover Survey.
This article is from 2019. There were 1.4 million more open jobs in August of 2019, than there were people on unemployment.
I am not missing the point. This might not be your angle, but this is certainly the angle of many Republicans. They seem to think if a business cant hire people that must mean people are just sitting at home. For some reason, what they arent understanding is that people have just moved on to other jobs.
How many total jobs are there now compared to then?Yes.
There are still 1.4 million more jobs than unemployed people, but the gap is closing
Employment vacancies fell to 7.35 million from 7.38 million in May, according to the Job Openings and Labor Turnover Survey.www.cnbc.com
This article is from 2019. There were 1.4 million more open jobs in August of 2019, than there were people on unemployment.
It’s all in the way they measure the rate. As you said places are hiring. But there aren’t the workers. The highest percentage group in the unemployment numbers are teenagers. They likely had minimum wage type jobs, were laid off and are collecting unemployment in lieu of returning to low paying service industry jobs during a pandemic. For a teenager this makes financial sense. For someone who needs to make a living wage to support themselves or family, it’s not happening with just an unemployment check.
I dont know how many total jobs there were then and now, but I do know places like Amazon added over 400k jobs last year alone, and are continuing on a hiring spree this year, and I am sure there are other big companies doing the same. A lot of what has happened is people have just taken other jobs. It sucks for small businesses, but obviously you cant force someone to work there.
Retirements also accelerated in 2020 as well.
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This is another thing where I dont understand the Republican endgame. Much like covid, where some of these states are literally watching a good chunk of their voters die and almost ignoring it, this unemployment talking point is just a lie that isnt going to be fixed by simply telling people a lie. If they were honest, then people could do more to acquire workers, or alter there plans for hiring, etc etc. But when people are being told they cant hire people because people are lazy, they are going to end up setting themselves back by not adjusting to the current economic climate.
There isn't any one reason for the lack of workers. A lot of older workers went ahead and retired in 2020, They weighed risk vs benefits of working 1 to 3 more years vs risk of getting sick and made a very logical choice. It was not the main reason I retired in July, but it was part of the decision. There is a % of workers who are living better at the Government tit than what they had by working. Some no doubt changed the type of jobs they had when some industries boomed because of covid.
