Tuesday, July 8, 2008

Reich Is 2 for 2

Left-wing economist Robert Reich has written another semi-reasonable commentary. If he keeps this up, we may have to give him the Left Wing Economist Who Makes the Most Sense Award, for 2008.

In this episode, Reich explains why many who are laid off do not collect unemployment payments. He then explains how this scenario comes about because of changes in the structure of the labor market,a labor market that has changed dramatically over the years.

It's solid theoretical analytics by Rech. However, he does not provide any data backing up his very reasonable claim.

But, at this point we must part from Reich for other reasons. He who would like to see the entire structure of unemployment benefits changed so that those currently not receiving unemployment payments are included in a restructured unemployment program.

We, on the other hand, would simply like to see the entire unemployment program shut down.

Reich's full commentary is here.

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