• BygoneNeutrino@lemmy.world
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      2 months ago

      I don’t know, man. I-a single adult -recieved over $700 in food stamps for over a year. I ran out of my saved food stamps in 2025. I was also diagnosed with COVID over the phone and received over $5000 in unemployment per month.

      Giving this much money to low income workers has a disproportionate impact on inflation. The skyrocketing prices of frozen meals and gourmet animal products, for example, was a direct result of the food stamps.

      It helped both me and the shareholders, but it came with a long-term cost. Everyone who had a job during the pandemic paid the price.

      • Matty Roses@lemmy.today
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        1 month ago

        Giving this much money to low-income workers has a disproportionate impact on inflation

        That’s not what the data seemed to say - every actual study showed that inflation came from supply shocks, and then companies using that excuse to raise prices.

        What DID pose a problem was you saw people not scared to starve if they lost a job. And that was causing big worries for employers, and that’s what couldn’t continue.

        • BygoneNeutrino@lemmy.world
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          1 month ago

          What data? I have a hard time believing that people didn’t increase their spending in response to increased disposable income. Food especially since food stamps could only be spent on food. If you post your source, I’ll objectively review it.

          When demand outstrips supply, people began bidding. A 1% difference between supply and demand leads to a more than 1% change in prices.

          This doesn’t even mention the fact that the supply of domestic products was interrupted by high unemployment benefits. I sure as hell quit my job because of them. It was a no-brainer.

    • UnderpantsWeevil@lemmy.world
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      1 month ago

      This should be an indictment of the Biden administration.

      Continuously embarrassing that Republicans have (functionally) become the party of Giving People Money, while Democrats continue to obsess over a National Debt that clearly doesn’t matter