Signe Wilkinson by Signe Wilkinson

Signe Wilkinson

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  1. ConserveGov

    ConserveGov said, almost 3 years ago

    1. I thought the prez said the job market is strong?
    2. Extended Unemployment benefits causes more unemployment. Interesting article futon cnbc ……………………
    We’ve been extending unemployment benefits for the long-term unemployed for years now. This has provided needed relief to the jobless but it is very likely contributing to the problem of unemployment.

    Jobless benefits, especially as ours are currently structured, tend to create unemployment. Instead of doing the same thing we’ve been doing—extending unemployment benefits—and expecting different results, it’s time to rethink unemployment benefits.
    In a recent post at Business Insider, Joe Weisenthal argued that “it’s a total scandal” that a budget deal was reached this week without any agreement to extend unemployment benefits. His reasoning is almost as straight-forward as it is wrong……

    Weisenthal made his case with two charts. The first shows that the ratio of unemployed workers to available jobs is still very high—nearly three unemployed to each job.
    The second shows that the long-term unemployment rate is still far above levels that, in the past, coincided with the expiration of emergency benefit extensions. Usually we let the emergency benefits expire when the long-term unemployment rate was around 1 percent or less. Now we’re up at 2.6 percent.

    The first thing to concede is that both of these facts are very bad news. Unemployment is too high and job creation too low. Long-term unemployment is particularly gruesome……

    Weisenthal gestured toward the idea that unemployment insurance contributes to unemployment. But he does so in a way that shows he doesn’t really understand the complexity of the problem.

    Weisenthal wrote:
    You can say all you want about how unemployment benefits encourage some people to not work, and at the margins there might be a handful of folks for whom benefits make it compelling not to take a job. But the numbers show that there are still tons of long-term unemployed and that there are very few jobs out there for them to get.
    The problem with this way of looking at things is that it ignores an important effect of unemployment benefits that mostly goes unseen by the casual observer: Unemployment benefits don’t just have an effect on a recipient’s willingness to take a job, they also affect an employer’s effort to expand his workforce.
    Here’s how this works. Unemployment benefits create what economists call a “reservation wage” below which unemployed workers won’t accept a job. If I can get $400 a week in unemployment benefits, an employer will have to pay me significantly more to entice me to show up for work. This is the part that everyone understands.
    What’s unseen, however, is the employer reaction to this.

    Employers know that the reservation wage exists. Even if they aren’t up on the most recent policy decisions out of Washington, they see it in response to attempts to hire. They learn that they can’t hire workers for below the reservation wage.

    And if current prices the products fetch from end-users won’t support the higher wage, employers won’t make new hires. What’s more, because searching for new employees is itself costly, on the margin firms don’t even bother with the search.
    This shows up on Weisenthal’s chart as a lack of available jobs. But instead of demonstrating that we need to extend unemployment benefits because there aren’t enough jobs, the lack of job openings may show that we need to reform unemployment benefits so that they aren’t job-destroying.
    There are ways to humanely reform unemployment insurance but we’ll never get around to talking about them so long as the public debate doesn’t recognize how generous unemployment benefits may prevent jobs from opening up.

  2. neatslob

    neatslob said, almost 3 years ago


    In other words, we have to make people desperate enough that they’ll be willing to work for less money than they need to survive.

  3. Kip W

    Kip W said, almost 3 years ago

    Bipartisan? Actually, it looks bituminous.

  4. jack75287

    jack75287 said, almost 3 years ago

    Or lack there of bipartisan.

  5. lonecat

    lonecat said, almost 3 years ago

    The government should be the employer of last resort. There’s lots of work that needs to get done, and if the private sector can’t manage to fit the people to the work, the government should fill the void.

  6. dtroutma

    dtroutma GoComics PRO Member said, almost 3 years ago

    Hmm, interesting that if not for the cartels controlling the market, diamonds really wouldn’t be any costlier than coal. (Especially with the improved quality of “synthetics”.)

  7. Richard Wilkes

    Richard Wilkes said, almost 3 years ago

    In my state the maximum benefit is a whole $260/week, which is subjected to state & federal income taxes: doesn’t even come up to federal minimum wage for a 40 hour work week. THAT is GENEROUS? People can live on that?

  8. dtroutma

    dtroutma GoComics PRO Member said, almost 3 years ago

    Tigger: good luck on finding a new position, seriously. I only started to file for unemployment once, and before I got any checks, that waiting period, I’d gotten another job. But, I do indeed sympathize with those out of work who are actually seeking re-employement.

  9. AshburnStadium

    AshburnStadium said, almost 3 years ago


    I wonder what kind of money that you’re used to that you would receive $400 in unemployment benefits per week?
    I was making $14/hour at my previous job. On unemployment from that job, I was taking home $225/week after taxes.

  10. AshburnStadium

    AshburnStadium said, almost 3 years ago


    There are MANY types of things that the private sector should have no business being involved with.
    For example: Prisons, schools and most utilities. It’s all about fattening their wallets and not caring for the kids in such schools, and not caring for the poor and elderly who rely on those utilities.
    The CEO of Nestlé said recently that all drinking water should be controlled by corporations and sold for profit.

  11. AshburnStadium

    AshburnStadium said, almost 3 years ago

    @Richard Wilkes

    Do you know who put taxes on your unemployment check? Ronald Reagan.
    My state (PA) doesn’t tax unemployment checks, but will take 10% out of each check toward federal taxes.
    My $250 unemployment check (before $25 was taken out for taxes) equaled out to $6.25/hour, which is a full dollar per hour under minimum wage. After taxes, it was $5.625/hour.

  12. AshburnStadium

    AshburnStadium said, almost 3 years ago

    Imagine dropping from $14/hour to $6.25/hour. I had to give up my apartment back in 2010 and move 85 miles away to move in with my elderly mother, who moved to the Hershey, PA area from the northern Philadelphia suburbs in 2006..
    I can’t afford my own place even on the $12.29/hour that I now make.

  13. AshburnStadium

    AshburnStadium said, almost 3 years ago

    I work for what I get, although I do have a state job that I had to score a 97% on a civil service test to obtain.
    I would never even consider voting for a Republican ever again after what was done in the George W. Bush administration.
    We nearly entered Great Depression II by taking away the New Deal protections that were put in place 80 years ago to prevent such another depression, and putting back in place the very same things that led to the first Depression.

  14. AshburnStadium

    AshburnStadium said, almost 3 years ago

    “Libs” (of which Jesus Christ was one – if you actually read your Gospels) have no such agenda. We do support birth control because there are more than 7 billion people on this rock, which is teeming with life, and is near the point where it can’t sustain more people. Perhaps you confused the Earth with the moon, because the moon is truly lifeless?

  15. AshburnStadium

    AshburnStadium said, almost 3 years ago

    My mom doesn’t have a basement. I have a job. I work for Pennsylvania’s state-owned/operated liquor store system.

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