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Just out of curiosity how many people posting were unemployed back when the maximum number of weeks to collect UE was 26, with an occasional extra 13 if your industry was declared an "impacted" one?
Or when Railroad Unemployment was $25/day?
Or you were denied a week's benefit if you missed a call from your employer to go in for one shift (going in for one 8 hour shift cost you 40% of your weekly benefit, by the way)?
I spoke with a friend this morning. He's a 35 year CPA who has specialized in small business accounting and employs two other CPAs. He made the decision to close his business and retire because his business has been in a continuous decline for the past decade.
He said the likes of H&R Block and especially off the shelf software for accounting, taxes and payroll have made his long time business model obsolete.
Seems to me that a lot of people do not appreciate how quickly technology has changed business as usual over the past decade and it has nothing to do with politics.
Unemployment benefits were extended 8 times during the Bush years with a majority of Republicans in favor:
While some of these bills sought to address specific situations, airline employees after 9/11 and Katrina, most were indicative of an ongoing decline in employment opportunities and/or an increasing mismatch between skills of the unemployed versus skills being sought by employers.
People with no answers usually blame. No one runs for political office without blaming the other party for what ails you. When a politician blames too high corporate tax rates for the root cause of not hiring more people, I guess they omit that taxes have not prevented about 1000 U.S. corporations from opening and maintaining operations in France and employing 750,000-1 million people. I guess they choose to ignore the difference between statutory and highly competitive U.S. effective corporate tax rates.
Extending unemployment benefits is a band aide for a global challenge and thus far, no one has a short term plan, let alone anything long term beyond blah, blah about education.
Yes, and no. I did indicate in the OP that this is still early, however it IS tracking with other studies.
I know 538 is a horrifically incorrect group of folks right? I mean Nate Silverman knows nothing about statistics and how to unskew data.......
I believe his stats are probably pretty accurate. But I don't think his conclusions are solid enough since the unemployed are not even required to look for a job at this point. In fact, the conclusions are so slippery that we can swing the argument the other direction and suggest that the LT unemployed don't actually want to work and were collecting a check simply because it was available. Based on his stats, we can't actually disprove this assertion either.
Just out of curiosity how many people posting were unemployed back when the maximum number of weeks to collect UE was 26, with an occasional extra 13 if your industry was declared an "impacted" one?
Or when Railroad Unemployment was $25/day?
Or you were denied a week's benefit if you missed a call from your employer to go in for one shift (going in for one 8 hour shift cost you 40% of your weekly benefit, by the way)?
I haven't been unemployed since the day I turned 14. Thankfully. What you've illustrated here is how spoiled America has become.
I haven't been unemployed since the day I turned 14. Thankfully. What you've illustrated here is how spoiled America has become.
Exactly. I went from drawing beer in a pizza parlor to truck driver, to the US Navy and then UP as maintenance of way to conductor and engineer to BNSF and am now senior engineer.
You don't get to where I am at whining about your next welfare check.
Sorry thought it was the CPI which does. But heres a shocker...it doesn't make that much of a difference still.
A little outdated but the point is there.
CHART SHOCK: The REAL Inflation Rate Is 10%
If the CPI were still calculated as it was in the 1980s under Paul Volcker, it would show a very different picture of inflation than what is promulgated by Chairman Bernanke.
Here is what would help people find work... the existence of jobs.
Neither Democrats nor Republicans have even the slightest shred of a clue how to create them.
The government is not supposed to "create jobs" . The role of the goverment is to make it possible for them to be created naturally based on increased economic activity due to easier entry into the marketplace. The government exists to tear down barriers that stifle economic activity.
Here is what would help people find work... the existence of jobs.
Neither Democrats nor Republicans have even the slightest shred of a clue how to create them.
That's not surprising. Those jobs are gone. We are at a new equilibrium now.
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