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Obviously more weeks of UI that can be collected, the less incentive to find a job.
Isn't that a very good thing for people who really WANT a job?
More people playing XBox while collecting UI = fewer ppl looking for work
Equals less competition for jobs = better prospects for those looking
And what is the basis of this guy's 2.7 point calculation? Let's say (guess) that 50% of ppl collecting UI are sincerely looking for jobs and 50% are gaming the system.
Let's say a job vacancy now attracts only 250 resumes instead of 500 (50% of unemployed not looking = applicant pool reduced by half). HowTF does this affect the unemployment rate by 2.7 points??? The employer is going to hire SOMEBODY and fill the job, which means that SOMEBODY will leave the unemployment rolls regardless of whether some people are shirking. Either way, ONE person will leave the unemployment rolls when an employer hires someone, so how does shirking affect the unemployment rate one way or another?
If the employer does not hire someone, that is presumably because the employer could not find a qualified applicant, in which case it's the skilled workers who are shirking, which sounds doubtful, but should be investigated further.
Are you really arguing that it's economically beneficial to pay people to sit home and play xbox?
No, I'm saying that I'm not seeing how sitting at home playing xbox has a 2.7 point effect on the unemployment rate. Again, the employer is still going to have lots and lots of applicants and is going to hire SOMEONE whether or not Steve Slacker is playing xbox.
How many are available to unskilled workers without cars? That's gotta be a narrow set.
And how many applications are received for each of those job openings? The quantity of available positions is moot, unless you factor in the number of applicants.
No, I'm saying that I'm not seeing how sitting at home playing xbox has a 2.7 point effect on the unemployment rate. Again, the employer is still going to have lots and lots of applicants and is going to hire SOMEONE whether or not Steve Slacker is playing xbox.
And where does the money come from for Steve to sit home and play xbox?
And how many applications are received for each of those job openings? The quantity of available positions is moot, unless you factor in the number of applicants.
I would imagine that unskilled jobs attract lots and lots of applicants chasing not nearly enough jobs. A couple years ago a local newspaper reported that a soon-to-open Japanese restaurant had received 1,000 resumes in three days from one post on Craigslist and took down the ad to avoid getting even more resumes.
And where does the money come from for Steve to sit home and play xbox?
Depends on the state, former employer, and how long Steve has been unemployed... so it could be coming from the employer, the state, federal government, and/or Steve himself. Again, these are generally former and current taxpayers who receive UI benefits.
Depends on the state, former employer, and how long Steve has been unemployed... so it could be coming from the employer, the state, federal government, and/or Steve himself. Again, these are generally former and current taxpayers who receive UI benefits.
Well that's my point, artificially lowering unemployment by paying Steve to stop looking for a job isn't really beneficial from an economic standpoint because that money has to come out of the economy.
I'm just giving this guy a hard time though I know what he's responding to and if you're only concerned with unemployment figures I'm sure he's correct.
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