This is the equivalent of the entire populations of Virginia, New Jersey, or NYC losing all income on the same exact day. This is an immediate minimum loss of wages (assuming only the $300 boost in pandemic attributed benefits) of $2.6 billion per week. I’m sure this will be great for the economy.
[looks at calendar] after a couple months of nonpayment a lot of people are going to get evicted into snowdrifts
And the states that ended out early saw their economies do worse after wards
This just goes to show that states, just like businesses, will operate less efficiently on purpose to outcompete or crush anything that threatens their hegemony. The US realizes that the longer people see how inadequate yet still somehow life changing these benefits actually are, the more they’ll fight to improve them or change their conditions. That’s why the capitalist class are so eager to get people back into jobs. They don’t want people to experience what it is like to be without one and still survive, in many cases better off than before. The US would rather harm its economy and ensure a submissive population than do the objectively better thing for the people who need these benefits.
well it was nice while it lasted, heres to hoping they extend it again like the student loans
