Unemployment benefits are creating jobs faster than practically any other program— Nancy Pelosi
Blissful Unemployment Benefits quotations
Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.
More broadly, we are going to have to examine the safety net programs to make sure they are poised to catch the families before they fall even more, especially in the areas of unemployment benefits, child care assistance, and foster care.
Unemployment is due to the large import of goods from Britain and other countries. The Government haven't used the powers which they have for the benefit of the country.
Let me just try to give you sort of the intuitive one here on the stimulus funds. If you have a two-person economy - let's imagine we have two farms, and that's the whole world, just two farms. If one of those farmers gets unemployment benefits, who do you think pays for him? Am I going way over your heads today?
Because what happens is, as the economy suffers, tax revenues go down.
But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen's compensation, health care benefits, welfare, you name it.
In a very weak economy, when you say 'cut government spending,' what you mean is you're laying off school teachers and you're de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don't pay taxes.
You know, there is an argument to be made that these extensions of unemployment benefits keep people from going and finding jobs. In fact there are some studies that have been done that show people stay on unemployment compensation and they don't look for a job until two or three weeks before they know the benefits are going to run out.
The only way to eliminate unemployment is to eliminate unemployment benefits.
My father was a self-employed, commission-only salesman.
He sold double-glazing and fitted kitchens, amongst other things. As he never declared himself unemployed, there was never recourse to benefits, so if money was tight, money was tight. It taught me that we were a closed unit, and that we had to be resourceful.
It is well known that unemployment benefits raise unemployment durations.
And let's not forget that internally, we are, like all dying empires, being hollowed out from the inside in terms of infrastructure. I live near Philly, I live in Princeton. The school system is shattered with closings and layoffs. Libraries are being shuttered. Head Start is being cut back. Unemployment benefits are not being extended. You know, we've reached a point of both physical and emotional exhaustion.
Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.
They keep extending these unemployment benefits to the point where people are afraid to go out and get a job, because the job doesn't pay as much as the unemployment benefit does.
While some people are certainly seeing economic benefits, many others are unemployed, underemployed, without health insurance and struggling to make ends meet.
Unemployment insurance was meant to be a bridge for temporary spells of unemployment. The bad news is all the evidence is that the longer you have unemployment insurance, the longer people stay out of work, their skills erode. The job they ultimately get pays less. And that's not to their benefit.
Every businessman enjoying customer patronage, whether he be a baker, banker, or barber is conferring a public benefit, raising production, and reducing unemployment; businessmen earn their livelihood by producing products and rendering services where ever they are needed.
More people on unemployment benefits is not success in America, fewer people on not because we kicked them off but because they have been able to get a job in the private sector, because government got out of the way.
Avoid idleness, and fill up all the spaces of thy time with severe and useful employment; for lust easily creeps in at those emptinesses where the soul is unemployed and the body is at ease; for no easy, healthful, idle person was ever chaste if he could be tempted; but of all employments, bodily labor is the most useful, and of the greatest benefit for driving away the Devil.
I find it remarkable that virtually all of the large difference in labor supply between France and the United States is due to differences in tax systems. I expected institutional constraints on the operation of labor markets and the nature of the unemployment benefit system to be more important. I was surprised that the welfare gain from reducing the intratemporal tax wedge is so large.
The single biggest stimulus to the economy are the unemployment benefits we're paying. These people go out and they spend the money. They go out and they have to get by to everything from paying their mortgage or buying food or just getting by. It has a significant impact on economic growth and the continuation of economic growth.
The more generous the benefit, the easier you make it to stay on unemployment insurance, and the less incentive there is for people to actually go out and do what it takes to get a job.
People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer try to find a job or may not try to find one as quickly as they would without the benefit.