States that dropped pandemic related unemployment funds see rise in those applying for jobs
In states that dropped the pandemic “kicker” for those who could not find a job during the pandemic, unemployment is dropping. For these states, more people are returning to work when compared to the states that left pandemic related funding in place.
Earlier this year, when employers hard a hard time getting applicants, leftists had a solution. Increase the incentive to apply for work by offering higher pay. This is a good move when the free market dictates it. However, when the government is giving the unemployed the incentive to remain unemployed, this is not good in the long run.
From Fox News:
The number of workers paid benefits through regular state programs fell 13.8% by the week ended June 12 from mid-May — when many governors announced changes — in states saying that benefits would end in June, according to an analysis by Jefferies LLC economists. That compares with a 10% decline in states ending benefits in July, and a 5.7% decrease in states ending benefits in September. Workers on state programs would lose the $300 weekly federal enhancement but could continuing receiving the state benefits.
Jefferies also found somewhat larger decreases in the number of people receiving benefits through pandemic programs in states curtailing benefits, though the data lags behind by an additional week. In many cases, those recipients will be cut off entirely when their state ends participation in the federal programs.
“You’re starting to see a response to these programs ending,” said Aneta Markowska, Jefferies’ chief financial economist. In recent months “employers were having to compete with the government handing out money, and that makes it very hard to attract workers.”
Other economists and many Democrats say other factors, including lack of child care and fear of Covid-19, are also keeping many potential workers out of the labor force.
Fox News has more information at this link.
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Who would have thought…
No shit.
As long as you pay sorry, lazy, good for nothing people to sit on their azzes, then those sorry, lazy, good for nothing people will, well…sit on their sorry, lazy, good for nothing azzes. After all, that Call of Doody Game ain’t gonna play itself.
Wish I could find a shocked face at the results of this program ending but, alas, my supply of shocked faces is like my barren field.
Send the bill for what this scamdemic cost the world to the Chinese Communists, they own this. And send a bill of 10% of the total to the “Big Guy”!
The Pilgrims had some lazy bastards that got fed thru the first winter.
Next year it was “no work no eat”
Guess what happened.
So you’re saying if you pay people more to stay home than to work they prefer staying home?
That just seems like crazy talk….
/sarcasm
Get up off your dead ass and on your dying feet.
I’m retired. I refuse to participate in your demands. /s
Aye big Sis, I too am retarded. 🙂
In other news water was found to be wet.
Hey, if you don’t pay people to stay home, they won’t! Wow!
Whouda thunk it?
Well *DUUUUHHHHHHHHHHH!*, stop paying people to NOT work and they go find someplace to work, I bet that even Joe-Bob and Billy-Ray could come up with something like that!
AS I PASS through my incarnations in every age and race, I make my proper prostrations to the Gods of the Market Place. Peering through reverent fingers I watch them flourish and fall, And the Gods of the Copybook Headings, I notice, outlast them all. We were living in trees when they met us. They showed us each in turn That Water would certainly wet us, as Fire would certainly burn: But we found them lacking in Uplift, Vision and Breadth of Mind, So we left them to teach the Gorillas while we followed the March of Mankind. We moved as the Spirit listed. They never altered their pace, Being neither cloud nor wind-borne like the Gods of the Market Place, But they always caught up with our progress, and presently word would come That a tribe had been wiped off its icefield, or the lights had gone out in Rome. With the Hopes that our World is built on they were utterly out of touch, They denied that the Moon was Stilton; they denied she was even Dutch; They denied that Wishes were Horses; they denied that a Pig had Wings; So we worshipped the Gods of the Market Who promised these beautiful things. When the Cambrian measures were forming, They promised perpetual peace. They swore, if we gave them our weapons, that the wars of the tribes would cease. But when we disarmed They sold us and delivered us bound to our foe, And the Gods of the Copybook Headings said: “Stick to the Devil you know.” On the first Feminian Sandstones we were promised the Fuller Life (Which started by loving our neighbour and ended by loving his wife) Till our women had no more children and the men lost reason and faith, And the Gods of the Copybook Headings said: “The Wages of Sin is Death.” In the Carboniferous Epoch we were promised abundance for all, By robbing selected Peter to pay for collective Paul; But, though we had plenty of money, there was nothing our money could buy, And the Gods of the Copybook Headings… Read more »
Duh! indeed. Some things are just not at all complicated no matter how much some people wish that they were.
The mantra of the left is to create a problem that only they can fix. Like paying folks to stay home. Most of us would consider staying home instead of working given the opportunity.
Oh, wait. I’m retired and am already doing just that! And those pesky feds sent me money anyway. Why, I don’t know. My income didn’t change through all this mess but those idiots sent me even more money any way. Stupid.