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by wittyreference
2156 days ago
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I don't know how widespread it is, but I definitely have seen it in some of my social network. People who were previously making more than unemployment, but not much more than the new covid-doubled unemployment, are straight-up refusing to go to work, because why would you go to work for the same money? Granted, these aren't high-flying careerists, given that "double unemployment" is more than or similar to what they were already making. But still. It's a rational response. |
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The number one thing you can do to make free markets work better is reduce transaction costs. Generous unemployment benefits make it easier to hold out for the right job. In fact, we should start giving them to people who leave a job for any reason, not just the "good" ones.
Making people desperate is not just a human cost, but an assault on the proper workings of a market economy. Funneling people to suboptimal jobs is something that has to be resolved anyway, eventually. So it's not a gain for society.