Economics @ ITT

Did The Government Cause Our Long-Term Unemployment Problem?

Posted in economics by ittecon on April 24, 2013

I thought not.

Regulations and taxes do make it hard to grow a business and create new jobs, a point I made in my last post.  And extended unemployment benefits do give people an incentive to stay home instead of finding a job.  Indeed, I know people who have done just that.  One of them wrote a novel that sold for a bunch of money and earned back all the benefits theyd collected, and then some.  The rest of them basically sat around and did nothing until their benefits ran out, and then found another job.

via Did The Government Cause Our Long-Term Unemployment Problem? – The Daily Beast.

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