Congress has created a policy cocktail, authored by both Republicans and Democrats, that may keep our unemployment rate elevated throughout 2020.
By spiking unemployment benefits with an additional $600 a week, Congress made it more profitable to file for taxpayer handouts than remain employed.
For all the caterwauling about our ‘do-nothing Congress,’ the Republican majority’s refusal to go along with economically flawed proposals may have saved the job market.
North Carolina had one of the largest labor-market improvements in the country after ending extended unemployment benefits, and the same has happened nationwide.
Please revise your political talking points about unemployment benefits accordingly.
At some point, we’re just having a debate about the size of the bottles we should have unemployed people bury and dig up.
Paul Krugman remains convinced that North Carolina’s unemployment “experiment” is a disaster, regardless of what the data actually say.
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