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Cato Institute: Jettison those musty jobless benefit and union rules

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Cato Institute: Jettison those musty jobless benefit and union rules

Post by Guest on Mon Jul 18, 2011 11:56 am

BLeep
Many of the laws covering today’s workforce were written more than seven decades ago during the New Deal. Collective bargaining and the unemployment insurance system, for example, were both established in 1935. Since then, the U.S. labor force and industrial structure have vastly changed, which creates an opportunity to update the laws to better suit the modern economy.

Let’s look at unemployment insurance. UI has aided millions of laid-off workers during the recent recession, but the system has also created problems. For one thing, high unemployment and expansive benefits have drained UI funds in most states, and now most states — including Maryland and Virginia — are jacking up UI taxes on businesses to replenish their reserves. But the economic recovery is still very shaky, and higher UI taxes will dampen business hiring at a time when unemployment is still very high.

Another problem is that UI pushes up the unemployment rate because it dissuades laid-off workers from reducing their wage demands, moving or making other tough but needed decisions. Harvard University’s Robert Barro estimated last year that recent expansions in UI benefits pushed up the U.S. employment rate by about 2.7 percentage points.

http://www.washingtonpost.com/business/capitalbusiness/commentary-its-time-to-reform-unemployment-insurance-laws/2011/07/05/gIQAVVAFKI_print.html

no

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Re: Cato Institute: Jettison those musty jobless benefit and union rules

Post by Jen on Mon Jul 18, 2011 12:02 pm

MAD

Jen
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Re: Cato Institute: Jettison those musty jobless benefit and union rules

Post by Guest on Mon Jul 18, 2011 12:08 pm

I think they need an email or two. How about it members? Please send your thoughts and comments. How about the fact that people not corporations are hurting?

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Re: Cato Institute: Jettison those musty jobless benefit and union rules

Post by Guest on Mon Jul 18, 2011 12:15 pm

MaryKay wrote:I think they need an email or two. How about it members? Please send your thoughts and comments. How about the fact that people not corporations are hurting?
These are the people that the GOP listens to. Evil or Very Mad

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Re: Cato Institute: Jettison those musty jobless benefit and union rules

Post by Springflowers on Mon Jul 18, 2011 12:24 pm

The elites want the poor to starve.

Don't think tis going be any different. Read history, people died for centuries because of bad politicians [kings] etc. The American way of life is OVER. Young people go back to the farm, and forget working a job. Try and become as self sustaining as possible. Older people, Im not sure what to do, I want to drop out myself but way too sick. Dream of weird things like joining intentional community or finding a life beyond just scrapping by in an apt with no one to talk to.

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Re: Cato Institute: Jettison those musty jobless benefit and union rules

Post by TR11005 on Mon Jul 18, 2011 1:02 pm

Increased UI rate by 2.7%. This person is a total bad person! Did he say who caused this mess. Always blaming the people with no lobby and job.

August 10 is the day we go after this yoyo.

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Re: Cato Institute: Jettison those musty jobless benefit and union rules

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