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by Vaebn
3459 days ago
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To be honest I think thats not a nearly throughout economic analysis. To begin with, as noted in the article by having to pay more people, it removed some from unemployment. That as noted in the article basically halved the cost of the extra cost. But hold on. Someone removed from unemployment doesn't just sit and look pretty. Unemployment benefits are usually nothing to write home about compared to an actual wage and where previously one could just subsist they newly employed individual could now Consume much more strongly. Consume in this case means buying tomatoes, buying starbucks, buying cinemas tickets, buying dresses and whatever. All this stuff moves the economy. The question is then, has the economic impact of all this economy moving been taken into account? |
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