Fast food restaurants are reporting that people are buying cheaper things and running out of money at the end of the month. Meanwhile, the wealthy have never been wealthier.
https://www.youtube.com/watch?v=iKPRis-2uTM
“U.S. President Donald Trump’s administration has directed immigration officials to largely pause raids on farms, hotels, restaurants and meatpacking plants, according to an internal email reviewed by Reuters, a senior Trump official, and a person familiar with the matter.
The order to scale back U.S. Immigration and Customs Enforcement raids came from Trump himself, the person familiar with the matter said, and appears to rein in a late-May demand by top White House aide Stephen Miller for more aggressive sweeps.”
…
“The White House pointed to a Trump social media post on Thursday where he said farms and hospitality businesses were concerned the administration’s far-reaching immigration enforcement was taking away “very good, long time workers” and promising changes.”
https://www.yahoo.com/news/us-immigration-officials-told-largely-044100625.html
https://www.vox.com/policy-and-politics/2022/8/15/23296481/fast-food-ab257-california-sectoral-labor-unions
“The argument for bailing out restaurants is thus morphing from a need to save the industry during the pandemic to a desire to relieve it from persistent challenges that have less and less to do with COVID-19.
That’s hard to justify when the industry itself is on a steady track toward recovery, and federal spending is driving inflation to record levels.”