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The people downvoting you are suffering from a sort of survivorship bias. Sure, now you'd like the comfort of knowing your employer would have to pay you a ton

The people downvoting you are suffering from a sort of survivorship bias. Sure, now you'd like the comfort of knowing your employer would have to pay you a ton of money if they laid you off, but what if you were somebody who was recently laid off looking for a job and people were reluctant to hire beacuse of this requirement? It's not clear to me that it's a net win, from my perspective I'd rather be able to easily replace my employer as opposed to them paying me for a few months. A strong labor market has been effective in rasing the real incomes of the bottom 25% or so over the past few years, it's entirely possible that a weaker labor market with stronger workers protections would've been less effective at doing so leaving the very poor worse off.

rybosworld 4y ago
> A strong labor market has been effective in rasing the real incomes of the bottom 25% or so over the past few years Source?
- mym1990 4y ago
  Not really the source and not specific to the bottom 25(but the bottom 50), based on this graph(https://fred.stlouisfed.org/series/WFRBLB50107 https://fred.stlouisfed.org/series/WFRBLB50107) we can see net worth going up quite dramatically. If you look at pretty much any metric of capital(https://fred.stlouisfed.org/release/tables?rid=453&eid=813668#snid=813803 https://fred.stlouisfed.org/release/tables?rid=453&eid=81366...), it has been rising for the bottom 50. How much of that is attributed to income vs government stimulus is unclear.
  - bcrosby95 4y ago
    That chart basically mirrors real estate prices.
- jfghi 4y ago
  Gaslight handwavy talking point
andrekandre 4y ago
> A strong labor market has been effective in rasing the real incomes of the bottom 25% or so over the past few years do you mean the increase in demand/jobs we had after the initial covid lockdowns + wfh? is it possible that strong labor market was due to increased demand from the stimulus checks?
- deleted 4y ago
  [deleted]

rybosworld 4y ago

> A strong labor market has been effective in rasing the real incomes of the bottom 25% or so over the past few years Source?

mym1990 4y ago
Not really the source and not specific to the bottom 25(but the bottom 50), based on this graph(https://fred.stlouisfed.org/series/WFRBLB50107 https://fred.stlouisfed.org/series/WFRBLB50107) we can see net worth going up quite dramatically. If you look at pretty much any metric of capital(https://fred.stlouisfed.org/release/tables?rid=453&eid=813668#snid=813803 https://fred.stlouisfed.org/release/tables?rid=453&eid=81366...), it has been rising for the bottom 50. How much of that is attributed to income vs government stimulus is unclear.
- bcrosby95 4y ago
  That chart basically mirrors real estate prices.
jfghi 4y ago
Gaslight handwavy talking point

andrekandre 4y ago

> A strong labor market has been effective in rasing the real incomes of the bottom 25% or so over the past few years do you mean the increase in demand/jobs we had after the initial covid lockdowns + wfh? is it possible that strong labor market was due to increased demand from the stimulus checks?

deleted 4y ago
[deleted]