The mounting evidence can no longer be ignored. Unsubstantiated and politically motivated COVID-19 lockdown policies and imprudent relief measures are causing serious, lasting damage to the foundations of American economic prosperity.
Having brought the economy to its knees through unwarranted and undependable lockdown measures that forced millions of Americans out of work and businesses across the country to close, the U.S. government is now going out of its way to encourage the workforce’s COVID-19 casualties to stay home—needlessly postponing our economic recovery.
Lockdowns necessitated the need to support the workers affected by them, but now those lockdowns are easing and businesses are trying to get back to normal. Continued stimulus payments may be good politics, but they’re terrible economics. Workers are being disincentivized to work.
“Owners are frustrated with mounting unfilled job openings as qualified and willing candidates are scarce,” the NFIB report stated.
The recent COVID-19 relief package doubles the amount an individual could receive through Sept. 6 and expands the pool of individuals who can receive them. Federal Pandemic Unemployment Compensation now offers $300 per week on top of local benefits. In New York City, for example, where the maximum weekly state benefit is $504, unemployed individuals can now receive up to $804 per week—over $200 more per week than they’d make working eight-hour days at the city’s generous $15 minimum wage.
The situation is truly ridiculous. Bad government lockdown policies did untold economic damage, and now bad government economic “relief” measures—ostensibly designed to stimulate that damaged economy—are in fact making a proper economic recovery much more difficult.
And a proper economic recovery is a recovery for every level of worker in every economic sector. I hope and pray that the economy as a whole will bounce back eventually. Wall Street will continue to grow, and giant corporations will continue to see increased profits. But what about your favorite local bistro? What’s going to happen to that local burger joint you loved as a kid? What does the future hold for that amazing little bar that makes the best cocktail you’ve ever had?
The government should be encouraging people to get back to work, not giving them reasons to avoid doing so. If we don’t reverse course soon, small businesses as we know them could be gone forever, and the common men and women who rely on them—the dishwashers, the waitresses, the bartenders, the cashiers, and the cooks—could be condemned to state dependency for generations.