Rechercher dans ce blog

Sunday, June 20, 2021

Letter to the Editor: Governor and her team need an economics lesson - Crain's Detroit Business

Well, you can't say the governor isn't throwing everything at the wall to see what sticks.

Her latest plan to pay "workers" $300 in weekly unemployment benefits if they work part time may get a few folks off the couch, but doesn't fundamentally address the issues of small business, which desperately needs full-time employees they can't currently find.

This "subsidize part-time work" plan also gives employers an excuse to pay part-timers less initially and allow the taxpayer to pick up part of the tab, and is yet another well-intentioned but misguided effort to use tax money to force employers to raise wages for workers.

In case the governor and her economic planners haven't been paying attention, employers are being forced to raise wages anyway just to stay open. The simplest and quickest way to get Michiganians back to work and to stimulate hiring and GDP is to follow the lead of 28 other states that have ended the federal unemployment subsidy keeping their workers at home.

Trying to offset the negative effects of misguided federal spending with equally misguided state spending is an experiment guaranteed to be both expensive and unsuccessful.

The governor and her team need an economics lesson … and fast.

Adblock test (Why?)


Letter to the Editor: Governor and her team need an economics lesson - Crain's Detroit Business
Read More

No comments:

Post a Comment

Atlanta Fed chief to head chamber in 2022, sees diversity as economic fuel - The Atlanta Journal Constitution

AJC - Logo - Main logo_ddn_tag_Site JN with T...