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…


Source link

About search

Check Also

The Fed's massive economic upgrade: Chart of the Week – Yahoo Finance

The Fed's massive economic upgrade: Chart of the Week – Yahoo Finance

[unable to retrieve full-text content]The Fed’s massive economic upgrade: Chart of the Week  Yahoo Finance Source …

Leave a Reply

Your email address will not be published. Required fields are marked *