So let's stop this elitist myth that people just want to sit around collecting government benefits. The elitist ruling class aren't out here with the everyday people so they have no idea what's going on. People would rather work than collect the unemployment benefits. The elitist ruling class has handling of this pandemic is the reason most people are out of work so they need to provide benefits for the people they've put out of work with their bungling of this pandemic.
We use high frequency data on job applications, new job vacancy listings and applications per vacancy from to look at the evolution of the labor market during the COVID-19 crisis, and investigate the role of $600/week extra unemployment benefits. 2/10
— Ioana Marinescu (@mioana)
Job vacancies decline by 64% during the COVID-19 crisis and the decrease happens both before the CARES Act and after. No greater decline in higher quartiles of the increase in unemployment benefit generosity: no evidence that unemployment insurance discourages job creation. 4/10
— Ioana Marinescu (@mioana)
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