Fed Study: Say, Unemployment Benefits Are Harmful

[rushmc 23]

Well duh!!!

Quote

Employers were more willing to create jobs and workers were more willing to take them after the expiration in January of a program entitling unemployed workers to collect nearly two years of benefits.

That’s the conclusion of a study this week by the New York Federal Reserve Bank. It found that the number of new jobs that came open each month exploded by 20 percent to 4.7 million by June, six months after the extended jobless benefits ended.

The rate of new job openings also soared to its prerecession peak of 3.3 percent of all workers just months after Congress allowed the benefits to end after Democrats and Republicans failed to agree on an acceptable way to pay for them.

http://www.washingtontimes.com/news/2014/oct/1/fed-end-of-unemployment-benefits-boosted-job-marke/

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[cvfd1399 0]

You mean if people are unable to get free shit from Obama they will actually get out and find those jobs that diddnt exist they said? Wow! Who knew! I knew! That's who!

[jclalor 12]

cvfd1399

You mean if people are unable to get free shit from Obama they will actually get out and find those jobs that diddnt exist they said? Wow! Who knew! I knew! That's who!

Yes indeed, there are lots and lots of jobs out there... Low pay, part time, shitty bennies. There all there for the taking.

[cvfd1399 0]

You gonna have your house get foreclosed on or get out there and bust ass no matter what you have to do?

[quade 4]

cvfd1399

You gonna have your house get foreclosed on or get out there and bust ass no matter what you have to do?

You do realize what you just said is a model for low wages and benefits; right?

Companies can pay shitty wages and offer no benefits because people are desperate.

quade -
The World's Most Boring Skydiver

[cvfd1399 0]

Does it still not provide a wage?? I'm a firefighter I started 15 years ago making 18,500 a year. 15 years later I bring home about 38,000. Unless the city goes bankrupt or i fuck up really bad I have a job. With that security I still have went out on my own and gotten a cdl license as a backup, on top of that i have skills I earned when I was 18 before I got hired that will at least get me a low wage construction job. I have nothing but a high school degree and determination. I don't care if I have to work McDonald's. I have lived within my means and can get by on low wages. If I have to I could survive working at McDonald's. If you have a 500k house and a new car I'm sorry if a basic job won't pay your bills, you fucked up in your life plans, and you need Dave Ramsey.

[turtlespeed 226]

cvfd1399

Does it still not provide a wage?? I'm a firefighter I started 15 years ago making 18,500 a year. 15 years later I bring home about 38,000. Unless the city goes bankrupt or i fuck up really bad I have a job. With that security I still have went out on my own and gotten a cdl license as a backup, on top of that i have skills I earned when I was 18 before I got hired that will at least get me a low wage construction job. I have nothing but a high school degree and determination. I don't care if I have to work McDonald's. I have lived within my means and can get by on low wages. If I have to I could survive working at McDonald's. If you have a 500k house and a new car I'm sorry if a basic job won't pay your bills, you fucked up in your life plans, and you need Dave Ramsey.

This!

Get your lazy ass off the couch and go to work. Take the low paying job and pay your bills until you can find a better one.

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[freethefly 6]

I'm 54yo, I own property and have expensive habits (skydiving, Harleys and, classic cars/trucks. I make just under $70,000.00 before taxes. There is no way that I could take a minimum wage job. If by chance that I had to take a low wage position, I would have to also apply for government assistance. This is the case with so many working for next to nothing. I live in a county where the high wage is near $30k. The vast majority in the county collect food stamps and other types of government assistance. It is a republican stronghold. Never mind that these people have been living on government assistance for years, long before the current POTUS, they still blame Obama and the unions for their lack of a living wage and benifits.

Glad I am a rail tester. Can't send my job to another country.

"...And once you're gone, you can't come back
When you're out of the blue and into the black."
Neil Young

[rushmc 23]

This story follow along the same line as the OP

http://dailysignal.com/2014/09/28/new-deal-end-great-depression/?utm_source=heritagefoundation&utm_medium=email&utm_campaign=saturday&mkt_tok=3RkMMJWWfF9wsRonsqXJZKXonjHpfsX57OwvUaKwlMI%2F0ER3fOvrPUfGjI4DRMdgI%2BSLDwEYGJlv6SgFQrLBMa1ozrgOWxU%3D

Quote

The cruel irony of the New Deal is that the liberals’ honorable intentions to help the poor and the unemployed caused more human suffering than any other set of ideas in the past century.

What is maddening is that thanks to this historical fabrication of FDR’s presidency, dutifully repeated by Mr. Burns, we have repeated the mistakes again and again. Had the history books been properly written, it’s quite possible we would never had to endure the catastrophic failure of Obamanomics and the “stimulus plans” that only stimulated debt. The entire rationale for the Obama economic plan in 2009 was to re-create new New Deal.

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[DanG 1]

Quote

The cruel irony of the New Deal is that the liberals’ honorable intentions to help the poor and the unemployed caused more human suffering than any other set of ideas in the past century.

Yep. The New Deal: way worse than the Nazis.

- Dan G

[rushmc 23]

DanG

Quote

The cruel irony of the New Deal is that the liberals’ honorable intentions to help the poor and the unemployed caused more human suffering than any other set of ideas in the past century.

Yep. The New Deal: way worse than the Nazis.

Now this is a desperate redirect

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[DanG 1]

Quote

Now this is a desperate redirect

Wow, from the master that's high praise.

If you don't like that, how about this:

Your study says there was a sharp uptick in hires six months after the unemployment extension ended. And the conclusion they come up with is that welfare is bad? Weak sauce.

- Dan G

[kallend 2,150]

rushmc

Well duh!!!

Quote

Employers were more willing to create jobs and workers were more willing to take them after the expiration in January of a program entitling unemployed workers to collect nearly two years of benefits.

That’s the conclusion of a study this week by the New York Federal Reserve Bank. It found that the number of new jobs that came open each month exploded by 20 percent to 4.7 million by June, six months after the extended jobless benefits ended.

The rate of new job openings also soared to its prerecession peak of 3.3 percent of all workers just months after Congress allowed the benefits to end after Democrats and Republicans failed to agree on an acceptable way to pay for them.

http://www.washingtontimes.com/news/2014/oct/1/fed-end-of-unemployment-benefits-boosted-job-marke/

Facts on employment increase courtesy of the Feds, incredibly stupid analysis and biased opinion courtesy of Sun Myung Moon and his Moonies.

Correlation <> causation.

...

The only sure way to survive a canopy collision is not to have one.