The Ben Shapiro Show Ep. 1253 - Biden Is Already Wrecking The Economy
May 10, 2021
Job growth disappoints as the economy struggles under the weight of unemployment benefits that keep potential workers at home. Concerns mount over rising inflation and the hesitance of Americans to rejoin the workforce. Misinformation surrounding vaccinations leads to public confusion and impacts economic recovery. The podcast also dives into the rising tensions surrounding race relations and critiques the government’s approach to both domestic issues and foreign policy, notably in Israel and Palestine.
AI Snips
Chapters
Transcript
Episode notes
Disappointing Jobs Report
- The April jobs report significantly missed expectations, adding only 266,000 jobs compared to the projected 1 million.
- This miss, coupled with high job openings and low labor force participation, suggests a labor shortage.
Economic Slowdown and Inflation
- Paying people to stay home disincentivizes work, contributing to the labor shortage.
- Inflation is rising due to increased demand and limited supply, exacerbated by the labor shortage.
Restaurant Staffing Shortage
- A restaurant owner couldn't find staff because potential employees preferred staying home due to unemployment benefits.
- This anecdote highlights the widespread impact of unemployment benefits on small businesses.