As of a few days ago, 3.3 million Americans filed for unemployment. The thing is, I see Help Wanted signs all over.
However, even though the minimum wage in Arizona is $12, it seems like nobody wants these jobs.
At least for the duration of the emergency.
You could work a job that you hate and earn $7,680 in four months, or you could file for unemployment, receive $14,000 in that same time frame, and dedicate more time to criticizing baby boomers.
55% as much money and a much higher risk of getting sick, regardless of how bad you feel the coronavirus is.
If you miss work you earn $0.
How will retailers fill those positions?
They need to pay more.
I cannot imagine them paying as much as unemployment would give, but I am sure that at some wage in the middle they can maintain enough staff to sell all of the toilet paper and hand sanitizer they can order.
I doubt they would ever convince someone to return to the work force, but if you offer more than their current employer, you can probably bring them over.
However, I would also expect stores to raise prices to pay higher wages.
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"Oh if you use math, reason, and logic you will be hated."--OilPan4
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