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Fiscal stimulus a disincentive to work?

Summary:
Some of this may be going on, but the problem goes back over 40 years. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

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Some of this may be going on, but the problem goes back over 40 years.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/



Download my podcasts! New one every week. https://www.buzzsprout.com/1105286



Mike Norman Twitter

https://twitter.com/mikenorman
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

42 comments

  1. grey background nice and simple is perfect more stimulus will still be required

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  2. Good points, however what is up with the cries of inflation?

    What is causing it? Supply chain issues?

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  3. Mike I think you are right, I'm glad that Biden is doing infrastructure because it will put good wages into pockets that need the funds.

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  4. I agree with you Mike. Other factors include women entering the workforce created a large supply of additional workers which suppressed wages. Automation and outsourcing manufacturing to low cost countries had a big impact too

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  5. Biden to supply US economy with cheap (illegal) child labor to keep up with China.

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  6. SLAC leftist news

    I agree said the same thing on my show

  7. Businesses can't find people to work for slave wages. That's what I call a failed business model.

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  8. It would help if business owners understood that wages are the primary source of profit. Even Henry Ford understood that.

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  9. Most companies that are not able to find workers are the ones paying low wages. Google is not having problems finding workers. This is partially because their business model has much higher margins and profit per employee.

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  10. If a government spends on infrastructure that creates a demanf for labour.

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  11. Earnings are the mother's milk of the stock market and corporate earnings are favorable. Inflation is tepid based on the 30 year average. People need to calm down and listen to Mike. He has decades of Wall Street experience.

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  12. Mike, you need to check these comments because I'm trying to access your site, and there is spam redirecting your site. This is costing you money, and damages in reputation for the new people that haven't been following your videos and podcasts like I have in the last few weeks.

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  13. Capitalism itself is a disincentive to work. You either exploit, or be exploited. Why the fuck would I want to work more than the bare minimum for a bunch of thieving tyrants who want all the power/profit for themselves?

  14. the legend! saw your interview RT Mike Norman: 'US debt is a myth!'

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  15. Van Thang Nguyen

    A very strong, logical and insightful fighter. Respect from me, Mike!

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  16. You've been on fire, and exactly on point lately.

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  17. In the last 40 years, Governments' solution to industry's unwillingness to pay more has been to import it. However, this only works for a while, because second-generation immigrants are unwilling to work for unfair pay, just like everyone else born in the country. It's a shame that politicians are so short-sighted.

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  18. What is the correlation, if any, between decades of keeping wages down, and social security? I postulate that is possibly why 'inflation' is a big part of Feds talking points, and targets?

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  19. Self Censorship

    so you agree with me that disincentive to work is good?

  20. garyseeseverything

    Don’t pay em and throw them into whatever underemployment Republicans are shooting themselves in the foot.

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