God if it was sunny out you'd see a face palm.Not true. When Productivity and Profits go up 72% and Wages go up 9.2%, there is space in between.
The fallacy in Macro Economics you cite is put out there by people who want you to accept Billionaire CEOs,Stock Buy Backs, and the Stock Market as an indicator of economic health.
If the Highest Stock Market Ever could not protect a majority of people from running out of money within 2 weeks of economic hardship, wages, productivity, and profit are not in balance.
Guess where the terminology of "Trickle Down" starts to come into play as working Americans are conditioned to believe that if you let people get super wealthy, that you somehow benefit when you would not otherwise.
The world does not have to be how it is today. Higher wages do not mean higher cost.
My Dad was able to raise 5 kids in the early 1970s on one income. The cost of goods was not crippling because he made a fair wage for his productivity.
Good until july 31st* the 13 weeks is an extension of UIA benefits for those who may have run out of weeks to claim previously. IE, auto industry suppliers who do 2-3 week shutdowns and temporary layoffs quite regularly.The $600 per week is only good for 13 weeks, if the employee refuses to return to work they lose the money as well.
Nearly 50% of people making $40,000 or less are now unemployed.The median household income in the United States is $56,516, according to 2015 data from the U.S. Census.