Have you noticed that the Democratic Party and the radical media are clearly silent on the number of unemployed? Well, the reason is not difficult to determine at this point. Numerous reports show that the left-wing argument that unemployment benefits do not contribute to the unemployment rate is a naked lie. In fact, the results of a recent survey almost nailed the final blow to the statement that “unemployment benefits do not contribute to the number of unemployed.”
The poll conducted by Morning Consult found that about 1.8 million unemployed Americans refused to work because unemployment benefits paid them more money than jobs. These figures basically confirm that conservatives have been crying out since earlier this year about how enhanced federal unemployment benefits motivate people to stay at home.
Because of this reckless policy, American companies—especially smaller companies—experienced severe labor shortages, which affected their bottom line. In many areas, it is rare to see the “we are hiring” sign on the windows of restaurants, shops or other types of small businesses.
Aksios Point out:
Among those actively receiving unemployment benefits, 29% said they had rejected job opportunities during the pandemic. When answering follow-up questions, 45% of this group said that they refused to work because of generous benefits.
Federal benefits will expire at the end of September. However, due to unemployment rates, many states have cancelled payments. In late June, it was revealed that these states experienced a sharp increase decline In terms of unemployment.This Wall Street Journal Report:
In Missouri and 21 other states, the number of unemployment benefit recipients who cancelled enhanced and deferred payments this month has declined faster, indicating that termination of aid may prompt more people to find work.
Morning Consult chief economist John Leer warned that early cuts in unemployment benefits may cause other problems. He argued that “it does not happen automatically to make people switch from relying on unemployment insurance to wage income,” and insisted that “there will be some friction in finding and matching at work.”
Nevertheless, the economic losses caused by unemployment benefits are obviously not worth the risk. Small businesses have been destroyed by the COVID-19 pandemic and subsequent lockdown orders. Even during the recovery period, they found it difficult to conduct business effectively, and lack of staff is undoubtedly an important cause of the problem. Although the left wants to allow as many Americans as possible to receive government relief, the process of returning to normal seems encouraging.
