Stimulus checks are opening the door to universal basic income

Billionaire bond investor Jeffrey Gundlach believes stimulus checks are distorting the labor market.

The founder and CEO of $135 billion DoubleLine Capital added his thoughts to a vigorous debate over the brewing labor shortage that’s causing a mismatch between surging demand, and companies desperate to hire

“We have this strange thing of 8 million job openings, and everywhere you go…people are saying, ‘I can’t fill them. No one will take them,'” Gundlach told Yahoo Finance in an…


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