(UnitedVoice.com) – In April 2020, the COVID-19 pandemic was approaching the height of destructiveness on the health of the US economy. Then-President Donald Trump warned that the cure shouldn’t be worse than the disease —meaning shutdowns, lockdowns, and other forms of mitigation could significantly harm or alter the US economy.
Trump was right. Fast forward to January 2022, the US economy is in an odd situation. Over the last year, Democrats were warned by former Democratic Treasury officials in the Clinton and Obama administration not to pass the COVID relief bill in March. They didn’t listen, resulting in the initial inflation spike that is now chronic. Workers are left with some big decisions as the pandemic continues, and millions of people continue to quit their jobs at an alarming rate as President Biden’s approval ratings continue to plummet.
4.5 Million Americans Quit Their Jobs in November
On Tuesday, January 4, the US Labor Department reported that a record 4.5 million Americans quit their jobs in November, beating September’s report of 4.4 million workers that walked away from their jobs. The statistics don’t say why people resigned, but the report provides hints based on the industries that people are leaving. Additionally, the reporting period was ahead of the Omicron variant’s widespread transmission.
Many workers quitting were in lower-wage positions in the hospitality and food services industry. However, many people quit higher-paying jobs in health care, construction, transportation, warehousing, manufacturing, and utilities. At the same time, the number of jobs available dropped to an unexpected 10.6 million.
In some cases, people may be leaving jobs for better-paying ones as employers increase wages across the board. It could also be that Biden’s vaccine mandates are playing a role in the Great Resignation. There is also a new wave of people leaving employers to work within the gig economy or as independent contractors who can work from home on their own schedule.
The question is, is America undergoing an economic revolution of sorts similar to the industrial revolution? Is work changing thanks to technology? These are all questions in search of answers.
The Impact on Biden
While workers quit their jobs and employers raise wages, inflation hits hard and negates wage gains. From October to November, the government reported that hourly earnings for all workers decreased 0.4% from October to November when considering the rising prices of consumer goods.
It appears that voters blame President Biden and Democrats for their inability to come out of the pandemic economically healthy as Democrats spend wildly, and the national debt approaches $30 trillion.
Another poll is recording a new high in voter dissatisfaction with the president. According to a recent CNBC/Change Research poll, 60% of voters disapprove of how Biden has handled the economy. In addition, 55% said they disapproved of the president’s leadership during the pandemic. As Biden approaches the end of his first year in office, 56% disapprove of the overall job he’s doing — the worst recording yet.
Unsurprisingly, the economy and the response to COVID-19 are the leading issues voters are most dissatisfied with heading into the 2022 campaign season. If that sounds familiar, it’s because it is. In November, Virginia voters said the economy was their top issue. For the first time in over a decade, voters cast a ballot for a Republican governor, lieutenant governor, flipping the statehouse to the GOP.
Many of the economic problems Americans are experiencing were inflicted by Democratic policies during the pandemic. DNC leaders can’t say they weren’t warned when really, they chose not to listen. Now, upset Americans living with the consequences will decide their fate, and Biden’s agenda, through 2024.
Don Purdum, Independent Political Analyst
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