The Economy

Regarding the number of folks makeing less than $15 an hour, it's probably higher when you factor in salaried people working more than 40 hours a week with no OT.

 

And why I don’t believe stock prices are real.

 

42 percent is high enough

 

Out of 8.8M total pop in NJ, 2M have filed for UE during pandemic.

 

How many were actually eligible and/or were legitimately paid?

Reason I ask is Florida had 4.8 million claims in 2020 and determined only 2.2 million were eligible.

And in California . . .

https://www-cbsnews-com.cdn.ampproject.org/v/s/www.cbsnews.com/amp/news/california-paid-out-11-billion-in-bogus-jobless-claims-in-2020/?amp_gsa=1&amp_js_v=a6&usqp=mq331AQHKAFQArABIA==#amp_tf=From %1$s&aoh=16130986892011&referrer=https://www.google.com&ampshare=https://www.cbsnews.com/news/california-paid-out-11-billion-in-bogus-jobless-claims-in-2020/

 

Only one in six of the employable Florida population more or less.

 

A lot of that was a huge scam run by several prison gangs.

https://www.sacbee.com/news/california/article247676875.html

 

My super racist second cousin from suburban St. Louis, in one of the last posts I saw before screening out his posts for good, spent most of last spring bitching that the state of Missouri was dragging its feet getting his unemployment set up. Well guess what genius? It was set up to fail by the right wingers you kept voting for, back when you bitched and moaned about freeloaders. And I didn’t see him volunteering to take a drug test either to prove he wasn’t some socialist antifa welfare queen.

 

Interesting side effect of digital everything.

DETROIT (Reuters) - General Motors Co extended production cuts in North America on Wednesday due to a worldwide semiconductor chip shortage that has impacted the auto sector.

The U.S. automaker said its Wentzville, Missouri, assembly plant would be idled during the weeks beginning March 29 and April 5. It will extend down time at its plant in Lansing, Michigan, which has been idled since March 15, by two weeks.

The action was factored into GM’s prior forecast that it could shave up to $2 billion off this year’s profit, spokesman David Barnas said. GM did not disclose how much volume would be lost by the move, but said it intended to make up as much lost production as possible later in the year.


The chip shortage came as North American auto plants were shut for two months during the COVID-19 pandemic last year and chip orders were canceled, and as demand surged from the consumer electronics industry as people worked from home and played video games. That’s now left carmakers competing for chips.

Semiconductors are used extensively in cars, including to monitor engine performance, manage steering or automatic windows, and in sensors used in parking and entertainment systems.

Vehicles affected by the GM production cuts include the mid-sized pickup trucks, the Chevrolet Colorado and GMC Canyon in Missouri, and the Cadillac CT4 and CT5 and Chevy Camaro cars in Michigan.​

This may be an opportunity for GM to balance the inventory of some of its slower-selling vehicles.

Exclusive: GM further cuts production in North America due to global chip shortage

 

This: “The chip shortage came as North American auto plants were shut for two months during the COVID-19 pandemic last year and chip orders were canceled, and as demand surged from the consumer electronics industry as people worked from home and played video games.”