It pays not to work. This is not the exception. It’s the rule.
A new study explains why the unemployment rate remains low and yet there are over 3 million people less in the workforce than there were in 2020.
The reason is that it pays to not work.
People are being paid not work. This is the socialist way.
A new study points this out.
A new study by Committee to Unleash Prosperity economists Casey Mulligan, Erwin Antoni and Stephen Moore finds that government payments and free health care benefits can pay more than the annual equivalent of a $100,000 job in three states, and the equivalent of an $80,000 a year job in 13 states.
The national average of unemployment and Affordable Care Act (“Obamacare”) subsidies for a family of four with two parents receiving UI benefits is the equivalent of more than $60,000 a year in cash and benefits. The study authors conclude that these high benefits are a major reason that labor force participation is at or near a record low today and that there are still at least three million fewer Americans working today than before COVID. Adding to the problem, the authors conclude, is that most of the landmark work requirements in the 1996 Welfare Reform Bill have been removed and so workers are slower to get back on the job when they lose a job.
The three states that offer benefit packages of more than $100,000 are Washington, New Jersey and Massachusetts.
The study also finds that in several states even families with an income above $400,000 a year can be eligible for taxpayer subsidized health care coverage.
See entire document below:
We reported on this previously. Workers are needed everywhere but Biden was making it easier to stay home and not work.
The American taxpayer is footing the bill for all of this.