Goya Foods CEO Bob Unanue chastised the federal government for rivaling private enterprises via “incentivizing” individuals to leave their positions.
During a discussion with Fox Business host Stuart Varney, Unanue stated his company is at a significant disadvantage amidst the federal government from year to year.
He said they were dealing with COVID last year and they lived in a capitalist environment. However, when the Biden administration came in, started throwing money, and handing it out, things changed.
When the Biden administration began telling people they didn’t have a reason to get out of bed in the morning, things changed.
In addition to limiting labor availability, the fiscal stimulus has exacerbated inflation and the supply chain issue. Unanue said Goya’s salaries have grown by 70 percent, while the cost of delivering some commodities has risen by more than tenfold.
"We are heading for #hardtimes. We are #dismantling this #country. We’re getting soft. We have the #government as our biggest competitor. Government needs to get out of the way and let us #work," Unanue said."#GOYAfoodshttps://t.co/3cs56htCR2
— Paula-Ray Mandl (@PaulaRayMandl) November 19, 2021
Unanue previously told Fox Business about the impact of inflation on Goya’s business. According to the CEO, inflation is here to stay for the foreseeable future, and everyone bears these expenses.
Following the outbreak of COVID-19 and the lockdown-induced downturn, the national government spent trillions of dollars on a stimulus package, including one-time payments and increased unemployment benefits.
To those who think Biden has done nothing: $1400 stimulus checks, additional unemployment benefits, child tax credits, increased earned income credit, nutrition assistance, housing aid, vaccine distribution and testing, implementing procedures for safe schools, housing aid 1/
— Ann Werner (@MsWerner) November 16, 2021
According to a January poll, 78 percent of Americans agreed with the $1,400 checks endorsed by President Biden at the start of his term. This includes 90 percent of Democrats and even 64 percent of Republicans.
Abled Bodied Men No Longer Desire Work
According to a recent report by Republicans on the Joint Economic Committee, a sizable proportion of young males receiving government assistance are “voluntarily disengaged” from labor.
According to the research, just 12 percent of non-disabled males stated they desired work or were willing to work. Government assistance is received by 41 percent of idle males for reasons other than incapacity, retirement, training, or homemaking.
It went on to say one crucial piece of evidence indicating that employees, rather than employers, mostly influence labor force trends is this: the fall in prime-age workforce participation has been mostly by choice, according to the men themselves.
Three out of every four unconnected males claimed they did not desire a job, and just 12 percent of inactive, prime-age, non-disabled men indicated they wanted or were open to getting a job.
Policymakers should not be alarmed if more men truly want to remain at home with their children, go to school, or retire early.
A substantial amount of empirical research demonstrates government transfers tend to reduce employment, particularly handouts with no work requirements.
For example, after housing assistance handouts, labor force participation and wages declined. Losing Medicaid coverage boosts employment, while gaining coverage decreases it.
More notable is the advent of the food stamp scheme in the 1960s and 1970s which dropped employment dramatically.