> In states that cut off the $300 check, the workforce — the number of people who either have a job or are looking for one — has risen no more than it has in the states that maintained the payment. That federal aid, along with two jobless aid programs that served gig workers and the long-term unemployed, ended nationally Sept. 6. Yet America’s overall workforce actually shrank that month.
“ Losing the $300-a-week federal payment hasn’t changed her mind. She’ll receive her regular state jobless aid for a few more weeks.
“Once you’ve stayed home with your kids and family like this, who wants to physically have to go back to work?” she said”
I think economists have a construct “friction” which helps explain why the ap journalists weren’t able to replicate the findings of the actually legitimate study they cited which did find a small effect. What happened to the ap this year? It used to be pretty credible and report news rather than invent it. It’s now a totally different entity.
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[ 2.9 ms ] story [ 17.6 ms ] thread> In states that cut off the $300 check, the workforce — the number of people who either have a job or are looking for one — has risen no more than it has in the states that maintained the payment. That federal aid, along with two jobless aid programs that served gig workers and the long-term unemployed, ended nationally Sept. 6. Yet America’s overall workforce actually shrank that month.
“Once you’ve stayed home with your kids and family like this, who wants to physically have to go back to work?” she said”
I think economists have a construct “friction” which helps explain why the ap journalists weren’t able to replicate the findings of the actually legitimate study they cited which did find a small effect. What happened to the ap this year? It used to be pretty credible and report news rather than invent it. It’s now a totally different entity.