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RE: Does economic stimulus work in a financial crisis?

in LeoFinance3 years ago

I don't know but the news articles in response to the horrible jobless numbers was against the unemployment benefits. They believe that the large number in the employment and the large number of untaken jobs means that people are refusing to work. I don't blame them because some people are now earning more on unemployment compared to working their jobs before. There needs to be a balance and I fully expect this to lead to more automation and thus less jobs.

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If a businesses competition is unemployment benefits then there are bigger issues at play. Unemployment benefits are typically below the poverty line. The purpose of work is to not be in poverty.

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Yes but this is the US and you understand how inefficient our Congress is. This means the ones closest to the poverty line will earn more from unemployment than working right now.

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