Its tough for someone who needs an income to pay his bills to accept a $400 a week job, if it means losing a $500 a week unemployment check, particularly if the unemployment isn’t going to run out for nearly 2 years.
Such a long period of free money has to be a deterrent for a lot of folks to actually move on this.
I was just thinking walking into the gym last night that if I hadn’t gotten a job last May after being laid off last February I’d STILL have 5 months of UE left and I have been working 15 months at my new job already.
How is this not blindingly obvious?
Paying people not to work results in people not working...
I would rephrase that to the following:
Does handing out unemployment benefits to out-of-work Americans discourage encourage them from to not finding a job?
My wife's nephew told us why should he find a job when his wife is working? Right now he collects unemployment, his wife is working, and he doesn't have to pay for a sitter or day care. They're bringing in two incomes and no child care costs. We could be mad at his laziness or his gaming the system, but why should we? It's the government that is fostering this mentality.
BTW-He was very happy that they added another two years to his unemployment.
Why do you think we need to implement the five-point economic recovery plan as I described it here on FR:
http://www.freerepublic.com/focus/news/2578337/posts?page=23#23
yes
I've often said that the best way to reduce unemployment is to require a person to be unemployed for 30 days before they can apply for benefits.
it isn’t’ discouraging, it’s enabling.
Give a man enough fish and he'll start to believe that he is owed fish for the rest of his life and that maybe you should throw in a car, big-screen TV.....
That said, while the unemployment rate might be lower if the benefits didn't keep perpetuating themselves, Obama and his destroyers have ensured that wages would also be a bunch lower for them.
It is also communism in that it takes from those with ability and gives to those with need... wealth redistribution that would make marx proud. obama is an islamo-communist.
LLS
A lot of people, Obama type people, don’t even START to look for a job until the unemployment checks end.
I can imagine that anticipating anything more than about 6 months of unemployment benefits creates an opportunity for procrasination rather than urgency. Once you’re enjoying the laxitude of unemployment without the daily routine of work, psychologically you find that the work habit is a difficult regimen to realign with. Potential employers see the long drought as a negative and pass you by. You are now likely to be among the perpetually unemployable.
Last week FoxNews ran a news feature. The gist was that many employers were refusing to hire anyone who was unemployed.
I recall a similar attitude in the early 90s recession.
Finding work during major recessions is like walking a tight-rope —
Too much experience...
Too little experience...
Unemployed too long...
Won’t hire an employed as they will probably job hunt while employed...
Won’t take a 40% cut on pay...
Too much education...
Too little education...
Many companies reverted to using Temp agencies both to fill temporary positions and as trial positions from which they would possibly offer full-time positions.
I think in a typical scenario the generous benes may indeed add a point or two to the unemployment rate. But right now frankly there are just very few jobs to be had.