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Topic	Looks like the $600 unemployment benefits won't be extended
ScazarMeltex 07/10/20 4:05:48 PM #55:	Balrog0 posted... https://www.bloomberg.com/opinion/articles/2020-07-07/coronavirus-financial-aid-helps-make-case-for-basic-income But a preliminary analysis by economists Hilary Hoynes and Jesse Rothstein found that states where unemployment benefits were higher relative to lost wages actually saw less of a drop in employment. In other words, more generous payouts havent been associated with more job loss. Correct, because it allowed people to keep spending to keep the consumer economy going. As soon as that goes away there will be a huge drop in spending which will cause an increase in job losses. --- "If you wish to converse with me define your terms" Voltaire <cite>ScazarMeltex posted [p:941939461] in Looks like... [t:78837597]...</cite> <quote>Balrog0 posted... </cite> <quote>https://www.bloomberg.com/opinion/articles/2020-07-07/coronavirus-financial-aid-helps-make-case-for-basic-income But a preliminary analysis by economists Hilary Hoynes and Jesse Rothstein found that states where unemployment benefits were higher relative to lost wages actually saw less of a drop in employment. In other words, more generous payouts havent been associated with more job loss.</quote>Correct, because it allowed people to keep spending to keep the consumer economy going. As soon as that goes away there will be a huge drop in spending which will cause an increase in job losses. --- "If you wish to converse with me define your terms" Voltaire</quote> ... Copied to Clipboard!
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