THE DISCONNECT BETWEEN PAYROLLS AND EMPLOYMENT WITH EJ ANTONI

E.J. Antoni, a research fellow at the Heritage Foundation's Grover M. Herman Center for the Federal Budget, discusses the negative impact of government spending, borrowing, and printing money on small businesses and the American middle class. He explains that the increase in payrolls does not necessarily mean an increase in employment, as many Americans are taking on multiple part-time jobs due to financial strain. Antoni also highlights the challenges small businesses face due to rapid inflation, including the inability to offer competitive wages and the lack of flexibility in storing capital. He emphasizes the financial struggles of the American consumer, who is tapped out and heavily in debt. Antoni predicts that the Federal Reserve will continue transferring capital from the private market to the public sector, leading to higher interest rates for small businesses. Main Street Matters is part of the Salem Podcast Network - new episodes debut every Wednesday & Friday.