Monday, August 09, 2010

Gov't Policy: Reward Failure; Punish Success -- Employers Can't Find Workers

The Wall Street Journal is reporting that despite high unemployment, many employers cannot find enough workers to fill available jobs. Why? Among other things, extended unemployment benefits.

Employers and economists point to several explanations. Extending jobless benefits to 99 weeks gives the unemployed less incentive to search out new work.
The problem is particularly acute with low paying jobs. The closer the pay for not-working is to the pay for working, the more the incentives tip toward not-working.

Read the entire article here.

With unemployment as high as it is, workers should be clamoring for available jobs. Our government's answer: reward failure to work. When that produces less tax revenues, raise taxes on those who create jobs, punishing success.

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