WRITTEN BY DR MICHAEL SALLA ON SEPTEMBER 22, 2021.
Thousands of small businesses have closed down in the US and around the world due to stringent lockdowns and other health restrictions caused by official government policies concerning the Covid 19 virus. Such business closures would normally result in a surplus of workers in a depressed labor market, where wages contract as millions compete for fewer available jobs. However, the opposite has happened in the US, which has greatly puzzled economists and financial experts.
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