One of the reasons for high unemployment numbers

RadiomanATL

Senior Member
Joined
Jun 13, 2009
Messages
24,942
Reaction score
4,134
Points
48
Location
Not here
While most discussions assume that the long time that people are unemployed shows the need for longer benefits, there is another possibility: the unprecedented benefits are the cause, not the cure, for the current long term unemployment. The more you subsidize something, the more you get of it. In this case, people only get these unemployment benefits as long as they are unemployed. It is well known that most of the unemployed wait until their benefits are about to run out before they take a job. About a third of workers receiving unemployment insurance find work right after their benefits run out. This happens whether unemployment is high or low.

FOXNews.com - The Real Reason for Our High Unemployment Numbers
 

rightwinger

Award Winning USMB Paid Messageboard Poster
Gold Supporting Member
Joined
Aug 4, 2009
Messages
222,352
Reaction score
48,129
Points
2,190
Does this mean the unemployed are turning down jobs?
 
Joined
Sep 12, 2008
Messages
14,201
Reaction score
3,563
Points
185
Only true for a small percentage. Unemployment pays squat compared to what you can get for working, and folks will always go for the biggest check they can get.

OTOH, unemployment is a huge cost for the business owner, and each marginal employee comes with a huge premium cost. In some places, as much as 1000 per month.
 
R

rdean

Guest
And I thought it was because Republicans screwed up the economy by deregulating Wall Street and encouraging American jobs get moved to overseas so CEO's can make a fast "big" buck.

Hmmm, guess I was wrong. Turns out it's the middle class accepting unemployment insurance. They could live on the street. That would save us a ton of money.
 
OP
RadiomanATL

RadiomanATL

Senior Member
Joined
Jun 13, 2009
Messages
24,942
Reaction score
4,134
Points
48
Location
Not here
And I thought it was because Republicans screwed up the economy by deregulating Wall Street and encouraging American jobs get moved to overseas so CEO's can make a fast "big" buck.

Hmmm, guess I was wrong. Turns out it's the middle class accepting unemployment insurance. They could live on the street. That would save us a ton of money.

1.5 / 10 on the troll meter. You woulda scored higher, but you didn't mention anything about Republican scientists.
 

Xenophon

Gone and forgotten
Joined
Nov 27, 2008
Messages
16,705
Reaction score
3,927
Points
48
Location
In your head
While most discussions assume that the long time that people are unemployed shows the need for longer benefits, there is another possibility: the unprecedented benefits are the cause, not the cure, for the current long term unemployment. The more you subsidize something, the more you get of it. In this case, people only get these unemployment benefits as long as they are unemployed. It is well known that most of the unemployed wait until their benefits are about to run out before they take a job. About a third of workers receiving unemployment insurance find work right after their benefits run out. This happens whether unemployment is high or low.

FOXNews.com - The Real Reason for Our High Unemployment Numbers
I'm sure its true for a tiny percentage, but unemployment doesn't pay that much per week.

But I do know a guy on my block that collected the full 99 weeks and never looked seriously for work.
 

theDoctorisIn

Platinum Member
Senior USMB Moderator
Joined
Aug 12, 2009
Messages
37,810
Reaction score
7,308
Points
1,140
Location
In the center of it all
While most discussions assume that the long time that people are unemployed shows the need for longer benefits, there is another possibility: the unprecedented benefits are the cause, not the cure, for the current long term unemployment. The more you subsidize something, the more you get of it. In this case, people only get these unemployment benefits as long as they are unemployed. It is well known that most of the unemployed wait until their benefits are about to run out before they take a job. About a third of workers receiving unemployment insurance find work right after their benefits run out. This happens whether unemployment is high or low.

FOXNews.com - The Real Reason for Our High Unemployment Numbers
I'm sure its true for a tiny percentage, but unemployment doesn't pay that much per week.

But I do know a guy on my block that collected the full 99 weeks and never looked seriously for work.

My friend is on unemployment - and he can only get 26 weeks of benefits. I guess that's a NY thing though.
 
OP
RadiomanATL

RadiomanATL

Senior Member
Joined
Jun 13, 2009
Messages
24,942
Reaction score
4,134
Points
48
Location
Not here
While most discussions assume that the long time that people are unemployed shows the need for longer benefits, there is another possibility: the unprecedented benefits are the cause, not the cure, for the current long term unemployment. The more you subsidize something, the more you get of it. In this case, people only get these unemployment benefits as long as they are unemployed. It is well known that most of the unemployed wait until their benefits are about to run out before they take a job. About a third of workers receiving unemployment insurance find work right after their benefits run out. This happens whether unemployment is high or low.
FOXNews.com - The Real Reason for Our High Unemployment Numbers
I'm sure its true for a tiny percentage, but unemployment doesn't pay that much per week.

But I do know a guy on my block that collected the full 99 weeks and never looked seriously for work.


And if we kicked all those out that acted like your neighbor, the unemployment numbers would be......lower. Kinda proves the point, no?

Although I don't have any idea how the government would be able to separate the wheat from the chaff.

IMO going for 99 weeks of benefits on the taxpayers dime is getting a bit freakin' much. I would agree with having longer than the 26 weeks it used to be because of the state of the economy, but nearly 4 times as long is going too far. It's almost like the easy credit bubble...the longer we keep putting it off, the worse the pain is going to be when the day of reckoning comes.
 

Xenophon

Gone and forgotten
Joined
Nov 27, 2008
Messages
16,705
Reaction score
3,927
Points
48
Location
In your head
I'm sure its true for a tiny percentage, but unemployment doesn't pay that much per week.

But I do know a guy on my block that collected the full 99 weeks and never looked seriously for work.

My friend is on unemployment - and he can only get 26 weeks of benefits. I guess that's a NY thing though.

No idea about how it is in other states, but NY allows 99 weeks.

https://ui.labor.state.ny.us/UBC/home.do
 

theDoctorisIn

Platinum Member
Senior USMB Moderator
Joined
Aug 12, 2009
Messages
37,810
Reaction score
7,308
Points
1,140
Location
In the center of it all
I'm sure its true for a tiny percentage, but unemployment doesn't pay that much per week.

But I do know a guy on my block that collected the full 99 weeks and never looked seriously for work.

My friend is on unemployment - and he can only get 26 weeks of benefits. I guess that's a NY thing though.

No idea about how it is in other states, but NY allows 99 weeks.

https://ui.labor.state.ny.us/UBC/home.do

I should tell my friend then. I guess this is new.

Thanks, btw.
 

goldcatt

Catch me if you can!
Joined
Aug 4, 2009
Messages
10,330
Reaction score
3,037
Points
48
Location
CentralPA
This is a tough one. I'm on half-time layoff right now and collecting a partial unemplyment benefit myself. This has been going on since January. So I technically count as part of the "unemployed". And I'm looking for another job, but when I have a bird in the hand that will go back full time within the next month or so I'm not willing to take the job making less than half the money I make at my current position. I'll just go back full time when I'm called back. If I gt laid off permanently, I'd take some time to try to find the best position possible of course. For people who have been out of work a year, I can't see why they would want to sit at home anymore if they can find anything that pays more than their unemployment benefits. For anybody who thinks unemployment is a gravy train, I assure you it is not. It's enough to get by and that's about it.
 

mudwhistle

Diamond Member
Joined
Jul 21, 2009
Messages
100,495
Reaction score
29,657
Points
2,220
Location
Tested Negative For COVID-19
Does this mean the unemployed are turning down jobs?

Bingo.

Nice to see you have eyes and the ability to understand the folly of Liberal policies.

Course you have to be unemployed in the first place but many of them aren't finding work because it's easier just to suck off the tit.
 

rightwinger

Award Winning USMB Paid Messageboard Poster
Gold Supporting Member
Joined
Aug 4, 2009
Messages
222,352
Reaction score
48,129
Points
2,190
Does this mean the unemployed are turning down jobs?

Bingo.

Nice to see you have eyes and the ability to understand the folly of Liberal policies.

Course you have to be unemployed in the first place but many of them aren't finding work because it's easier just to suck off the tit.

So I get it now.....

We don't have a high unemployment rate...we just have lazy people
 
Joined
Sep 12, 2008
Messages
14,201
Reaction score
3,563
Points
185
Depending on when job ended, you can get extensions beyond 26 weeks. I am on extension myself now, but I am going to school full time.
 

Againsheila

Gold Member
Joined
Nov 1, 2008
Messages
17,195
Reaction score
3,808
Points
245
Location
Federal Way WA
While most discussions assume that the long time that people are unemployed shows the need for longer benefits, there is another possibility: the unprecedented benefits are the cause, not the cure, for the current long term unemployment. The more you subsidize something, the more you get of it. In this case, people only get these unemployment benefits as long as they are unemployed. It is well known that most of the unemployed wait until their benefits are about to run out before they take a job. About a third of workers receiving unemployment insurance find work right after their benefits run out. This happens whether unemployment is high or low.

FOXNews.com - The Real Reason for Our High Unemployment Numbers

Nice try but when my job went to India, I did not collect unemployment as I wasn't looking seriously for a job. I have sense but of course I can no longer collect that unemployment. My brother in law finally started his own business after being unemployed for many years. He didn't collect one dime of unemployment. I know many, many young people today that are looking for work that are not collecting unemployment and never have. This is just one more excuse from our government to blame the unemployment problems on the people rather than our regulations that allow corporations to send our jobs overseas and bring in immigrants to take the jobs that are left here.
 
OP
RadiomanATL

RadiomanATL

Senior Member
Joined
Jun 13, 2009
Messages
24,942
Reaction score
4,134
Points
48
Location
Not here
While most discussions assume that the long time that people are unemployed shows the need for longer benefits, there is another possibility: the unprecedented benefits are the cause, not the cure, for the current long term unemployment. The more you subsidize something, the more you get of it. In this case, people only get these unemployment benefits as long as they are unemployed. It is well known that most of the unemployed wait until their benefits are about to run out before they take a job. About a third of workers receiving unemployment insurance find work right after their benefits run out. This happens whether unemployment is high or low.
FOXNews.com - The Real Reason for Our High Unemployment Numbers

Nice try but when my job went to India, I did not collect unemployment as I wasn't looking seriously for a job. I have sense but of course I can no longer collect that unemployment. My brother in law finally started his own business after being unemployed for many years. He didn't collect one dime of unemployment. I know many, many young people today that are looking for work that are not collecting unemployment and never have. This is just one more excuse from our government to blame the unemployment problems on the people rather than our regulations that allow corporations to send our jobs overseas and bring in immigrants to take the jobs that are left here.


What does that have to do with others collecting for nearly 2 years?
 
R

rdean

Guest
And I thought it was because Republicans screwed up the economy by deregulating Wall Street and encouraging American jobs get moved to overseas so CEO's can make a fast "big" buck.

Hmmm, guess I was wrong. Turns out it's the middle class accepting unemployment insurance. They could live on the street. That would save us a ton of money.

1.5 / 10 on the troll meter. You woulda scored higher, but you didn't mention anything about Republican scientists.

Oxymoron
 
OP
RadiomanATL

RadiomanATL

Senior Member
Joined
Jun 13, 2009
Messages
24,942
Reaction score
4,134
Points
48
Location
Not here
And I thought it was because Republicans screwed up the economy by deregulating Wall Street and encouraging American jobs get moved to overseas so CEO's can make a fast "big" buck.

Hmmm, guess I was wrong. Turns out it's the middle class accepting unemployment insurance. They could live on the street. That would save us a ton of money.

1.5 / 10 on the troll meter. You woulda scored higher, but you didn't mention anything about Republican scientists.

Oxymoron


Too late. Judges scores are final.
 

Most reactions - Past 7 days

Forum List

Top