No one wants to work anymore.”The implication is that the federal government’s expanded unemployment benefits of $300 each week are keeping people at home instead of behind cash registers and in fast-food kitchens. If job openings accelerate faster than people apply for work, there will be pain for business owners. Even with the unemployment, the financial situation has been tough, in part because Ohio has been inconsistent with unemployment payments. Unemployment benefits have also allowed out of work people to help support the economy. The University of Massachusetts Amherst economist Arindrajit Dube said the fiscal stimulus, including unemployment benefits, could lead to a once in a generation or two generations increase in wages and reduced unemployment rates.

Source: The Guardian May 07, 2021 09:00 UTC