Government handouts sold as pandemic relief since COVID-19 hit the U.S. in early 2020 continue to fuel shortages in the tight labor market, experts say.
Darrell Cronk, chief investment officer for Wealth & Investment Management, discusses earnings season and the expectations for major retailers as the companies are set to report this week.
But some experts say the generous perks doled out by the federal government to help resulted in the labor shortages crushing businesses to this day and that the seemingly never-ending benefits are only making the problem worse. The latest big-ticket "pandemic" spending spree came last week when President Biden used the COVID-19 emergency to justify histhat is expected to cost taxpayers somewhere in the area of $500 billion.
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