« prev   random   next »

0
0

Democrat/media virus hysteria harms the poor most of all

By Patrick follow Patrick   2020 Jun 27, 2:48pm 30 views   0 comments   watch   nsfw   quote   share    


Fits with Democrat strategy of punishing the poorest for voting for Trump and then in fact getting record numbers of jobs under Trump.

The question is whether that punishment by Democrats will convince the poor to now vote for a Democrat instead of Trump.

I don't think so.

https://www.newsmax.com/finance/personal-finance/jobs-hit-low-paid/2020/06/25/id/974138/

More than one-third of America’s lowest-paid workers were laid off during the pandemic-induced recession, about four times the number of job losses experienced by the top earners, according to new research led by Federal Reserve Board economists.

“We find that more than 35% of all workers in the bottom quintile of the wage distribution lost their job -- at least temporarily -- through mid-April,” economists including the Fed’s Tomaz Cajner, Leland Crane and Ryan Decker wrote in a paper for the Brookings Institution in Washington. “The comparable number for workers in the top quintile was only 9%.”

The findings amplify Fed Chairman Jerome Powell’s concern that the economic impact of the pandemic is falling hardest on those with the fewest resources to bear it.
no comments found

about   best comments   contact   one year ago   suggestions