Let's talk about the jobs report, early unemployment, and wages....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 11 October 2021
⏱️ 3 minutes
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| 0:00.0 | If just thinking about your bills makes you feel confused and disorientated, |
| 0:05.0 | like your head is full of Raspberry, |
| 0:08.0 | then you need Monzo. |
| 0:10.0 | Download your new favorite bank and pay bills from custom pots. |
| 0:15.0 | Money never felt like Monzo. |
| 0:18.0 | UK residents, Tease and see supply. |
| 0:21.0 | Well, howdy there internet people let's bow again so today we're going to |
| 0:26.7 | talk about the jobs report and expectations and and talking points and how that seemed like that's how things worked out. |
| 0:39.0 | The jobs reports out there were 194,000 new non-farm payrolls added. The labor force |
| 0:47.1 | shrank by 183,000 and that upset expectations. |
| 0:54.0 | That's not what people wanted to happen. |
| 0:56.6 | They were expecting much more growth, mainly because all of those freeloaders, well, they weren't |
| 1:01.8 | going to be getting those juicy unemployment benefits that |
| 1:06.2 | had been put in place because of the public health issue, right? |
| 1:09.4 | They ended on Labor Day as a sick joke. |
| 1:14.3 | Rather than encouraging growth, these are the lowest numbers all year. Maybe it wasn't that people were lazy. Maybe that's not what it is. Maybe |
| 1:30.6 | it's a combination of the current public health issue and people not wanting to risk it |
| 1:36.1 | and the fact that wages are too low. |
| 1:41.3 | It isn't that people don't want to work, it's that they don't want to work for $8 an hour. |
| 1:47.0 | There are stores near me that are shutting down two days a week because they can't find |
| 1:56.7 | people to work that's what they're saying yeah and and none of them none of them pay living wage. |
| 2:06.6 | It's supply and demand. |
... |
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