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The "safety net" should NOT be generous or minimize the "cost of losing one's job"; it should do no more than assure that losing a job is not a catastrophe; it
by billswift 17y ago
The "safety net" should NOT be generous or minimize the "cost of losing one's job"; it should do no more than assure that losing a job is not a catastrophe; it should not be made less than seriously uncomfortable.
- _delirium 17y agoIt depends on the reasons for the safety net--- one reason is a simple humanitarian one (don't want people homeless, etc.), for which the bare minimum suffices, but another reason is as an automatic business-cycle smoother, in which case you want reasonably generous unemployment benefits: http://www.nber.org/papers/w4750 http://www.nber.org/papers/w4750
- aaronblohowiak 17y agoThis was also covered in The Affluent Society, which you should read.
- aaronblohowiak 17y agoThis was also covered in The Affluent Society, which you should read.