When you pay people not to work, they don't work

Expanded pandemic unemployment benefits are equal to a $50K job, except you don't have to get up off your ass. Why would anyone get up and go to work for a job that pays less than that? Basic human nature says you sit on your ass and collect that check unless you can do significantly better than that by working.

(Some people don't care about the doing significantly better part and are quite happy to stay home and enjoy the leisure time even if they could make significantly more, for that matter; and that ignores that a lot of people can't do better than $50K at their best).

So of course unemployment suddenly shot into the stratosphere and stayed there. And then politicians cite high unemployment as a reason to continue the expanded benefits. That's just circular reasoning.

People won't go back to work unless you stop paying them to stay home.

This entry was published Mon Jul 27 02:07:55 CDT 2020 by TriggerFinger and last updated 2020-07-24 17:31:39.0. [Tweet]

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