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The wage has to, post taxes, still be a worthwhile tradeoff to the enhanced unemployment benefits people are being paid to sit around and do nothing. That's not
by lr4444lr 5y ago
The wage has to, post taxes, still be a worthwhile tradeoff to the enhanced unemployment benefits people are being paid to sit around and do nothing. That's not to say employers are being reasonable here, but people who lose benefits because they take work are typically facing the highest effective marginal tax rates, and there's little an employer can do about that eligibility cliff.
- cortesoft 5y agoWhatever the reasons, the market rate for labor is the market rate for labor. If you can't make a profit paying the market rate for labor, then you are not a viable business. Now, if we find out that our economy grinds to a halt because there are not enough businesses around to provide for the needs of the public, or if we experience rapid inflation, THEN we can say the things you mentioned might be issues that need to be confronted.