BIDENOMICS PROGRESSING SMOOTHLY: Economists Slam Biden Stimulus as ‘Economically Unjustified’ Plan That ‘Incentivizes Unemployment.’
Jared Bernstein, member of Biden’s Council of Economic Advisors: “One thing we learned in the 1990s was that a surefire way to reconnect the fortunes of working people at all skill levels, immigrant and native-born alike, to the growing economy is to let the job market tighten up. A tight job market pressures employers to boost wage offers to get and keep the workers they need. One equally surefire way to sort-circuit this useful dynamic is to turn on the immigrant spigot every time some group’s wages go up.”