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View Diary: Abbreviated pundit roundup: Budget, unemployment benefits, Sandy Hook and more (50 comments)

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  •  Extended benefits should be tied.... (4+ / 0-)
    Recommended by:
    tobendaro, salmo, eagleray, Orinoco

    ......to an unemployment number.

    Not sure what that number would be, but I know we're not there yet.

    •  The max weeks of benefits is set by state (0+ / 0-)

      unemployment rate as well as other state policies.

      To see what applies in your state see http://www.cbpp.org/...

      The most important way to protect the environment is not to have more than one child.

      by nextstep on Fri Dec 13, 2013 at 08:27:53 AM PST

      [ Parent ]

    •  How about this? (0+ / 0-)

      When total number of unemployed is equal to the total number of unfilled job openings, then set a cut off date sometime in the future. If the number of unemployed is greater than the number of job openings, unemployment benefits continue to be paid, regardless of how long a person has been unemployed.

      The moral hazard argument against long term payments to unemployed people is that they will live on the unemployment benefits and not take a job. Of course, that assumes someone could actually live on the meager benefits, and not have to supplement them by dipping into assets and savings accumulated while they were working, but whatever.

      Assuming that scenario is real, then cutting off benefits when there are no jobs to be had is immoral. The only time that moral hazard applies is when jobs are available but people remain on unemployment rather than fill them. But whenever there are more unemployed people than openings, that cannot be the case.  

      Since it takes a while for available job seekers to fill available job openings (may need training or need to relocate, or just going through the hiring process sometimes takes weeks or months), the cut off date would be set some weeks or months after the unemployed/openings numbers became equal.  

      "The problems of incompetent, corrupt, corporatist government are incompetence, corruption and corporatism, not government." Jerome a Paris

      by Orinoco on Fri Dec 13, 2013 at 11:21:47 AM PST

      [ Parent ]

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