The congress is considering extending unemployment-insurance benefits, because there are "so many" people out of work. Serious studies confirm the widely held belief that most people receiving benefits refrain from looking for work until their benefits are about to run out. Usually, serious analysis contradicts common sense, but in this case it confirms it.
If you pay people not to work, they will refrain from working. If you subsidize something, you get more of it.
One jokester suggested that Republicans should support this effort to extend benefits in order to keep the unemployment figures high. Then they would have one more issue to run on in November.
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"One jokester suggested that Republicans should support this effort to extend benefits in order to keep the unemployment figures high. Then they would have one more issue to run on in November."
ReplyDeleteI have noticed that higly polarized politics is sometimes viewed by likewise partisans as a Zero-Sum game: a bad status quo hurts the Party in charge and benefits the opposition.