...don’t pay shit people don’t want to do them?“I don't think the American work ethic is dying,” former Treasury Secretary Lawrence Summers tells @smerconish.
— CNN (@CNN) May 15, 2021
“We are making a mistake in the generosity of the benefits that we’re providing ... that is creating needless labor shortages and contributing to inflation pressure.” pic.twitter.com/7JTZoulsJT
HORSLEY: The Chamber of Commerce estimates about 1 in 4 unemployed workers is getting more in unemployment than they did when they were working, so it's not unreasonable to think some people would rather not go back to work. But it doesn't seem to be that simple. For example, lots of people went back to work last summer, even though the government was paying twice as much in extra jobless benefits at that time. Benefits in Alabama are more generous than those in Louisiana, but more people have gone back to work in Alabama, so the picture is really complicated. And finally, worker advocates say if extra benefits do give workers a little more breathing room, a little more time to wait for the right job to go back to, well, that, they say, is a good thing not a bad thing.
(Q: what was the last shit job Larry Summers held down?)
He did a crap job as President of Harvard, I wasn't sad when I read what he did to the endowment. I was when he joined the Obama administration.
ReplyDeleteIt was Galbraith who said that conservatives think paying obscenely rich people more makes them work harder and paying poor people more makes them work less. That was a long time ago he said that.
,And yet still it’s true.
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