It's simpler than it looks: An economist explains payroll drop-off. Hint: it's unrelated to the income supplement "disincentive"

Saturday, May 15, 2021

An economist explains payroll drop-off. Hint: it's unrelated to the income supplement "disincentive"

ICYMI: the disincentive explanation for the April drop-off in payroll gains fails to fit the sectoral data. If a $300 weekly supplement was having that effect, we should see it more visibly in low-wage sectors, but we don't. Mid- & high-wage sectors account for bulk of slowdown pic.twitter.com/A6QLRHjWnF
— Skanda Amarnath ( Neoliberal Sellout ) (@IrvingSwisher) May 12, 2021

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