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NPR had an expert on unemployment and unemployed people on this morning who pointed out that this narrative is not supported by facts. Instead, the people who
by wavefunction 5y ago
NPR had an expert on unemployment and unemployed people on this morning who pointed out that this narrative is not supported by facts. Instead, the people who received these enhanced benefits have searched for jobs at a higher rate than those without.
https://www.marketwatch.com/story/people-search-less-for-jobs-after-they-exhaust-their-unemployment-benefits-chicago-fed-study-says-2020-06-24 https://www.marketwatch.com/story/people-search-less-for-job...
- AnthonyMouse 5y agoThat's just cheating. They're comparing people who have been unemployed long enough to lose the benefits to the recently unemployed. Obviously the former group will have underrepresented the people most independently inclined to look for a job, because more of those people will have found one before becoming members of that group.
- deleted 5y ago[deleted]
- wavefunction 5y agoYou have to qualify for the expanded unemployment benefits but I suppose that's a detail to be overlooked if it's inconvenient.
- AnthonyMouse 5y ago"You have to qualify for the expanded unemployment benefits" is exactly the point. The criteria for qualification causes a disparity between the experimental group and the control group, which invalidates the experiment.
- nononaw 5y agoHeres an ancedote, my mom's riding the unemployment until it runs out. She's been off work for over a year and hasn't been looking as far as I know. Up until this pandemic, she had always worked a skilled labor position. The federal reserve found that free money is good for the economy? I'm shocked.