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Thursday, December 9, 2010

Thanks to the venerable Dr. Rothman for pointing this out.

The unemployment bill does NOT extend benefits beyond 99 weeks. It maintains the current structure for another 13 months.

1 comment:

Jeffrey said...

So what is happening is that our government officials are going to keep subsidizing workers in areas of the country where unemployment is highest. Which will continue to distort and lower demand for work keeping wages artificially high and preventing the necessary reallocation of resources (like employees) in the places that need it most. They would rather waste resources creating a lie about the supply and demand of jobs and employees rather than just letting wages fall so that the economy can actually recover.