States That Cut Biden's Benefits See Faster Economic Recovery, Fewer Worker Shortages

As America deals with an ongoing crisis of high unemployment rates and a shortage in workers, recent data shows that states willing to cut bloated unemployment benefits are experiencing stronger and faster economic recoveries than states which have continued the benefits.

According to The Wall Street Journal report, "The 21 states that have ended or will end the beefed-up payments in June saw a 13.8 percent drop since mid-May in the number of people receiving unemployment benefits."

The data also included poll results which indicate that 52% of respondents are in favor of cutting the benefits immediately. The benefits include additional $300 per week for eligible unemployment aid recipients in addition to present benefits and compensations.

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Sunday's report highlights the economic recovery in Missouri, one of the first states to cut the benefits ahead of the September end date. Missouri's unemployment rate dropped to 4.9% in May, compared to the national average of 5.8%.

Nearly 9.3 million job openings were reported across the U.S. in April 2021, a 12% increase from March and a new all-time record.

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In a season of empty store shelves, apology notices on drive-thru speakers and businesses closing due to a lack of labor, America's comeback continues to disappoint. There certainly is no Roaring Twenties-type bounce back that many Americans had hoped for with the new year.

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When asked earlier last week about the labor shortages in America, President Biden suggested that the workers' "bargaining chip" of holding out their labor for heightened wages must be a part of America's reopening strategy.

"Pay them more," whispered Biden, an advocate for increasing the federal minimum wage.

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Data projects roughly 1.3 million jobs would be lost if a federal minimum hourly wage of $15 or more were implemented. The prices for goods and services would skyrocket, more businesses would turn to automation, and more Americans would remain unemployed as a result.

An overwhelming number of small businesses still standing after 2020 hold out hope that states will nix the additional unemployment benefits and help restore the American workforce.