America’s unemployed are sending a message: Safety and compensation matter
1–10 of 62 posts
Re: America’s unemployed are sending a message: Safety and compensation matter
#2I think its more basic:
1. the restaurant they used to work at isn't there anymore
2. they moved back in with the parents and stopped giving a shit about the future
3. still living off their unemployment and stimulus...it will go to zero one day, but not today
4. even with a substantial raise, most jobs they qualify for will still leave them impoverished, so whats the point
America's unemployed need deflation more than they need a raise. A 50% drop in housing costs will serve them better than a 15% raise. The number of Americans who would benefit from a substantial deflation rises every day.
Re: America’s unemployed are sending a message: Safety and compensation matter
#3I have another thesis.
Take a sample of all the last few major economic crisis. For example the 2008 credit crisis.
Check if available jobs persisted open, 18+ months subsequent to crisis.
If they didnt, then something is different in this crisis vis a vis all prior crisis.
Take a look at confounding factors. What do you see?
-Huge subsidy of unemployment via federal checks and unemployment expansions.
Pay matters, but pay does not exist in a vaccum. Work pay is assessed relative to other pay, including pay to not work.
Re: America’s unemployed are sending a message: Safety and compensation matter
#4I have another thesis. Take a sample of all the last few major economic crisis. For example the 2008 credit crisis. Check if available jobs persisted open, 18+ months subsequent to crisis. If they didnt, then something is different in this crisis vis a vis all prior crisis. Take a look at confounding factors. What do you see? -Huge subsidy of unemployment via federal checks and unemployment expansions. Pay matters, b…
Isn't COVID unemployment all over now, though?
Re: America’s unemployed are sending a message: Safety and compensation matter
#5I have another thesis. Take a sample of all the last few major economic crisis. For example the 2008 credit crisis. Check if available jobs persisted open, 18+ months subsequent to crisis. If they didnt, then something is different in this crisis vis a vis all prior crisis. Take a look at confounding factors. What do you see? -Huge subsidy of unemployment via federal checks and unemployment expansions. Pay matters, b…
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Re: America’s unemployed are sending a message: Safety and compensation matter
#6I have another thesis. Take a sample of all the last few major economic crisis. For example the 2008 credit crisis. Check if available jobs persisted open, 18+ months subsequent to crisis. If they didnt, then something is different in this crisis vis a vis all prior crisis. Take a look at confounding factors. What do you see? -Huge subsidy of unemployment via federal checks and unemployment expansions. Pay matters, b…
> “something is different in this crisis vis a vis all prior crisis”
How about that, during this crisis, workers risked catching a deadly disease? Many have seen relatives and friends die.
The financial crisis didn’t make going to work potentially deadly. Covid-19 did.
Re: America’s unemployed are sending a message: Safety and compensation matter
#7I have another thesis. Take a sample of all the last few major economic crisis. For example the 2008 credit crisis. Check if available jobs persisted open, 18+ months subsequent to crisis. If they didnt, then something is different in this crisis vis a vis all prior crisis. Take a look at confounding factors. What do you see? -Huge subsidy of unemployment via federal checks and unemployment expansions. Pay matters, b…
This is a bizarre take. The recovery from 2008 was the slowest recovery in US history (marketed as the longest period of growth in US history), and it probably permanently damaged the size of the workforce. Prime age employment was down IIRC 10% for years.
Re: America’s unemployed are sending a message: Safety and compensation matter
#8I have another thesis. Take a sample of all the last few major economic crisis. For example the 2008 credit crisis. Check if available jobs persisted open, 18+ months subsequent to crisis. If they didnt, then something is different in this crisis vis a vis all prior crisis. Take a look at confounding factors. What do you see? -Huge subsidy of unemployment via federal checks and unemployment expansions. Pay matters, b…
then the states that cut off the extra unemployment early would have seen greater job growth then the states that kept it up. they didn't.
https://www.wsj.com/articles/states-that-cut-unemployment-be...
Re: America’s unemployed are sending a message: Safety and compensation matter
#9I have another thesis. Take a sample of all the last few major economic crisis. For example the 2008 credit crisis. Check if available jobs persisted open, 18+ months subsequent to crisis. If they didnt, then something is different in this crisis vis a vis all prior crisis. Take a look at confounding factors. What do you see? -Huge subsidy of unemployment via federal checks and unemployment expansions. Pay matters, b…
The unemployment expansion ended July 31. Yes, it’s relevant, but the article is about this month, not two months ago.
Re: America’s unemployed are sending a message: Safety and compensation matter
#10I have another thesis. Take a sample of all the last few major economic crisis. For example the 2008 credit crisis. Check if available jobs persisted open, 18+ months subsequent to crisis. If they didnt, then something is different in this crisis vis a vis all prior crisis. Take a look at confounding factors. What do you see? -Huge subsidy of unemployment via federal checks and unemployment expansions. Pay matters, b…
Isn't COVID unemployment all over now, though?
It depends on state. Red States happen to have recovered better.