Democratic logic: Why it’s better to pay people more not to work

[mystery-ak]

Democratic logic: Why it’s better to pay people more not to work
by Nihal Krishan, Economic Policy Reporter |
 | August 05, 2020 06:30 AM

Democrats say that keeping unemployment benefits at greater than 100% of the average worker's wages will help the jobless pay their bills throughout the pandemic and stimulate the economy through increased spending.

Senate Minority Leader Chuck Schumer said last week that the $600-per-week federal boost unemployment benefits that Democrats want extended in the next coronavirus relief package had kept “millions of people out of poverty” and is “why the economy is creeping back up.”

A large majority of recipients would earn more from the benefits than from work if the pandemic unemployment boost is extended, the Congressional Budget Office estimated in June. The benefit expired at the end of July.

Democrats say that giving the unemployed more in benefits than their wages is needed to keep the economy afloat during the coronavirus-induced recession. Democrats and their allies often cite a JPMorgan Chase Institute study from earlier this month that showed the benefits led to an increase in spending.

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https://www.washingtonexaminer.com/news/democratic-logic-why-its-better-to-pay-people-more-not-to-work

[sneakypete]

Democrats say that giving the unemployed more in benefits than their wages is needed to keep the economy afloat during the coronavirus-induced recession.

And these fools think that is a good idea.

Has anyone ever asked them about the long-term HARM it does to the economy to do this?

We all know even the Dim politicians are not stupid enough to believe this,so if I were a Dim voter I'd be insulted they suggested it to me.

It's almost  like none of them ever heard the word "inflationary".