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No, I disagree. The fact that people are getting more in UI than they made at their job is a feature, not a bug. First, we don't want people working in close qu
by xxpor 6y ago
No, I disagree. The fact that people are getting more in UI than they made at their job is a feature, not a bug. First, we don't want people working in close quarters if they don't have to be. Second, It's almost a backdoor minimum wage increase, helping the neediest, who also happen to have the highest marginal propensity to consume. This has kept the economy actually relatively propped up. It's basically what people in 2008-2012 were screaming for, but never happened and it caused a dragged out recovery.
Want to recover an economy? Literally just give people who don't have any money some money. It's that simple. And in a few years when everything settles down and there's been formal studies, I think expanded UI will prove it.
- jrs235 6y agoHmmmm... while it may be beneficial, I have serious difficulty believing that Congress really put that much thought into it. I'm more inclined to think it's a beneficial bug.