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by luisfmh
331 days ago
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So not sure if you read this part > Lewchuk added that while some people did stop working, about half of them headed back to school in hopes of coming back to a better job. But they didn't just stop working, they went back to school |
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I think that would also massively increase if the money was guaranteed to keep coming in for the rest of their lives. And even if the percentage stayed flat it would be an economic disaster - an increase of 12.5% of the population unemployed would be worse, in the US, than peak COVID. Another 12.5% going off to school still gets them out of the workforce, and would worsen elite overproduction.