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Edited by Bistromathics: 4/15/2014 6:12:17 PM
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Losing benefits hasn't forced unemployed to work

Conventional wisdom tells us that, since the unemployed are simply too lazy to get jobs, giving them benefits while they're trying to find them only discourages that practice. Unfortunately, it seems like the moochers are much moochier than we thought: [url=http://fivethirtyeight.com/datalab/losing-benefits-isnt-prodding-unemployed-back-to-work/]"First, the short-term unemployed have a much better chance of finding a job than the long-term unemployed and always have. Second, the short-term unemployed are seeing a steady improvement in their prospects, but the long-term jobless are not. And third, there’s been no major shift since the benefits program expired at the end of last year. (The chart shows the data as a 12-month rolling average, which could obscure a sudden shift. The un-smoothed data, however, doesn’t show a jump either.)"[/url] To be fair, these are conclusions drawn from three months of data-- too small of a sample size for anything definite to be said. While [url=http://www.economics21.org/commentary/boost-economy-let-unemployment-bill-die]some economists[/url] have argued that cutting the benefits would boost growth, [url=http://www.brookings.edu/~/media/Projects/BPEA/Fall%202011/2011b_bpea_rothstein.PDF]others have[/url] have argued the exact opposite. Long-term unemployment is such a [url=http://fivethirtyeight.com/features/out-of-work-out-of-luck/]big problem[/url] that it seems to be transcending [url=http://www.aei.org/article/economics/fiscal-policy/labor/heres-why-conservatives-should-worry-more-about-long-term-unemployment/]party lines.[/url] What, if anything, should the makers do to help the takers of society?

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  • From what I have been seeing just keeping an eye on jobs in my area is that there are more job postings lately, but heavily concentrated in IT, engineering, energy, and medical fields. Fields you can't just jump into if you don't have the degree in them. So while it seems job prospects are up, most people aren't qualified for the available jobs.

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  • It's actually fairly conventional to not believe that unemployment crises caused by insufficient demand can be solved by cutting off unemployment benefits.

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  • Edited by Le Dustin xddddd: 4/15/2014 6:36:37 PM
    Perhaps if there wasn't such a strong connection between the economic class you were born into and the economic class you become as an adult (this trend is especially prominent among the poor), then we wouldn't have this problem. If we actually educate the poor as well as we educate people of higher incomes, then they could help fill in the gap of high-education jobs that are always in demand. This would allow high school, college kids, and the retired to work the minimum wage jobs.

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