The Rio Grande Valley was among the hardest hit regions in Texas by the coronavirus pandemic in 2020. A year after this deadly outbreak, vaccines are now readily available and are provided to the public to help mitigate the spread of COVID-19. Many believe this was a gateway to helping Americans who were furloughed or laid off in 2020 to return to the workforce.
But what if those American workers who lost their jobs because of COVID-19 decided to stay home? What if many of those formerly displaced workers opted instead to continue collecting unemployment insurance benefits, federal benefits, and the occasional stimulus payment instead of returning to work?
Bill Martin, vice president of Investments with Raymond James Investments in McAllen, shares his perspective on the impact these decisions could have on inflation.
You can read more of his thoughts at: https://rgvisionmagazine.com/inflation-in-the-valley/