3 ms·

of the employers I know - Restaurants - low levels of demand, but not zero. private security - still high demand for services. casino - regular gamblers + all

of the employers I know - Restaurants - low levels of demand, but not zero. private security - still high demand for services. casino - regular gamblers + all of the people with new money ($600/wk).

didibus 6y ago
Interesting. My feelings are, restaurants just don't have the demand anyways, and if private security and casinos do, why can't they raise their wages? I still personally think the crux is lack of demand. I don't think the customers exist anymore that would be willing to pay enough to account for the extra cost of the business given Covid. And one of those cost include safety precautions to their employees. As an example, Amazon was able to hire 175000 additional workers through the pandemic, even though they were getting unemployment checks. So I think it's naive to think that removing unemployment is what will save those business. But I'm not a zealot on this, that's just my current rationale. I'm welcoming counter points.
- abfan1127 6y ago
  I don't think removing unemployment will save these particular businesses. I just acknowledge the moral hazard of paying such high unemployment. I also think many (if not most) people would rather work. I also know personally many people (but not most) who would rather sit on the butts than work. I recall (long time ago) that Germany's unemployment included a list that employers could use to find workers. If an unemployed person was offered a job, they were cut from unemployment. Our current system has people claiming unemployment, getting more money that working. This created a situation that employer could complain to the government, but then the employee feels "cheated" and brings those negative feelings back to work... not exactly a good situation. The current system has all sorts of moral hazard and unintended consequences. I could provide a policy recommendation, but that's really out of scope for a small discussion forum. I do appreciate your discussion though!

of the employers I know - Restaurants - low levels of demand, but not zero. private security - still high demand for services. casino - regular gamblers + all of the people with new money ($600/wk).

didibus 6y ago

Interesting. My feelings are, restaurants just don't have the demand anyways, and if private security and casinos do, why can't they raise their wages? I still personally think the crux is lack of demand. I don't think the customers exist anymore that would be willing to pay enough to account for the extra cost of the business given Covid. And one of those cost include safety precautions to their employees. As an example, Amazon was able to hire 175000 additional workers through the pandemic, even though they were getting unemployment checks. So I think it's naive to think that removing unemployment is what will save those business. But I'm not a zealot on this, that's just my current rationale. I'm welcoming counter points.

abfan1127 6y ago
I don't think removing unemployment will save these particular businesses. I just acknowledge the moral hazard of paying such high unemployment. I also think many (if not most) people would rather work. I also know personally many people (but not most) who would rather sit on the butts than work. I recall (long time ago) that Germany's unemployment included a list that employers could use to find workers. If an unemployed person was offered a job, they were cut from unemployment. Our current system has people claiming unemployment, getting more money that working. This created a situation that employer could complain to the government, but then the employee feels "cheated" and brings those negative feelings back to work... not exactly a good situation. The current system has all sorts of moral hazard and unintended consequences. I could provide a policy recommendation, but that's really out of scope for a small discussion forum. I do appreciate your discussion though!