Biden is deliberately creating labor shortages to boost wages and inflation says Mark Skousen

Kitco News, Released on 6/4/21

The Biden Administration has maintained the stimulus check program of $300 a month to disincentivize people from returning to work, thereby creating a labor shortage and indirectly cause wages to rise, said Mark Skousen, editor-in-chief of Forecasts & Strategies.

We are primarily funded by readers. Please subscribe and donate to support us!

“I think actually this is a deliberate policy by the Biden Administration to encourage labor shortages and the reason the federal government is offering these very generous unemployment compensation of $300 a week and so forth, is to force employers to raise wages,” Skousen to David Lin, anchor for Kitco News. “They had a big push to raise the minimum wage to $15 an hour, and that’s not getting through Congress, so indirectly, they’re getting the $15 wage increase by labor shortages.”


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.