Our analyses thus far have yielded a fairly simple story:umich.edu (PDF)
throughout the crisis, the level of hardship faced by U.S.
households can be directly linked to the federal government’s
response. Despite historically high unemployment, in July 2020
we found that rates of hardship were stable—and in some cases
declining—following the roll-out of Coronavirus Aid, Relief,
and Economic Security (CARES) Act income support programs
such as Economic Impact Payments (EIPs) and expanded
unemployment insurance. Hardship remained relatively stable
into early fall 2020 before increasing markedly in November and
December 2020 as the economic recovery stalled and Congress
delayed action on further relief measures. The trends we see in
these hardship data are consistent with trends in other metrics
of well-being during the crisis.
…This really shouldn’t be news. I am flabbergasted that it is news.
These people who are being kicked off of their unemployment benefits are going to be out on the street in record numbers, that is what is going to happen. Poor, starving people living out on the street with the other homeless people who represent a vast swath of the population that have been failed by the American dream.
minimum wage in Texas is still 7.25 an hour.
That isn’t a wage. That is a joke.
Hat/Tip to pacesconnection.com