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re: Honk: People are quitting their jobs at record rates. That's a good thing for the economy.

Posted on 6/20/21 at 10:14 am to
Posted by bgtiger
Prairieville
Member since Dec 2004
11490 posts
Posted on 6/20/21 at 10:14 am to
quote:

quote:
I don't actually see in this article where they explain how this is all "good for the economy".

Agree with them or not, they do point out why they believe it’s good for the economy

quote:
Workers are in a rare sweet spot — primed to push for more pay, better work-from-home arrangements and other perks they feel they need to stay, and with plenty of options if they leave.

"Employers, employees, and job seekers will all need to sort out what they want in the future. Given the tightness of the labor market, employees and job seekers may have a stronger hand right now," said Nick Bunker, research director for the Indeed Hiring Lab



No where in there does it mention the economy as a whole, just some rhetoric that employees are “in a sweet spot”
Posted by Abstract Queso Dip
Member since Mar 2021
5878 posts
Posted on 6/20/21 at 10:20 am to
Trickle down bro. The workers are making them corporations trickle more of them dollars down. Then they go to da club and make it rain. Then oke girl Sparkles now has the money to afford a dime bag and a car. And now me the used car salesman has enough money to take his girl Tina to a Denny's. Why do you not see this.
This post was edited on 6/20/21 at 10:21 am
Posted by Volvagia
Fort Worth
Member since Mar 2006
52065 posts
Posted on 6/20/21 at 9:59 pm to



quote:

No where in there does it mention the economy as a whole, just some rhetoric that employees are “in a sweet spot”


The economy is nothing more than the continual flow of money for goods and services. The higher the flow, the stronger the economy. That’s not really a topic for debate….velocity of money has long been a benchmark of economic health.

They are claiming higher wages and benefits allow for more consumer spending and thus a more robust economy.

Again, I don’t agree with their premise, but they DID explain why. I guess they just didn’t want to go on an economics 101 lecture tangent.
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