Is it too naive to hope that the Food and Wine Festival is a good enough draw?
COVID-19’s Impacts on BGW
- Thread starter WDWRLD
- Start date
As someone who understands economics very well, it is well established that government aid does indeed play a part in incentive to work. Any “study” finding otherwise is biased, cherry picking, or specifically focused on a small scenario or portion of the population. This is an economic issue, not a partisan one. There are many factors that play a part in unemployment issues and incentive is indeed a large one. Behavioral economics is still a fairly new field of study. Nothing about this issue is in any way cut and dry but posting links to these types of studies only adds confusion and misinformation to the issue. Monetary incentive is known to be absolutely a large factor in both public and private institutions and is used often, especially in private organizations.Someone doesn't have a single clue as per how the unemployment system works.
Yale study finds expanded jobless benefits did not reduce employment
The analysis, supported by Yale’s Tobin Center for Economic Policy, comes as Congress debates whether to extend the expanded unemployment benefits.news.yale.edu
People receiving unemployment benefits are actually more likely to look for jobs, new study finds
A new study finds that people who have exhausted their unemployment benefits are less likely to look for a job than those still receiving them.www.cnbc.com
New Research from UMass Amherst Economist Shows Unemployment Insurance Extension During Great Recession Did Not Destroy Jobs
A new study released by a team of economists including Arindrajit Dube, associate professor of economics at UMass Amherst, reveals that the large extension of unemployment insurance benefits during the Great Recession had neither statistically significant nor economically meaningful effect on...www.umass.edu
Always best to stick to things we understand... So back to BGW.
Not speaking for @Zachary, I would also argue that money isn’t the only factor. Comments implying that people would chose unemployment over a paid job exclusively for monetary reasons are oversimplifying the issue.
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Trying to pull this somewhat back on topic:
BGW's hiring issues isn't due to unemployment benefits, isn't due to lack of high schoolers (many have had additional days off a weeks they could work), it isn't (IMO) even related to pay.
It's the fact that they were able to operate with a bare bones staff while other places have opened up and hired staff. I'm also willing to bet many employers needed to hire extra staff due to limiting hours consecutively worked (I know a few places are doing this). So other places have opened earlier, hired possibly more staff, and the possible pool shrinks. Add in this push to hire people that currently aren't with them and it's a smaller pool.
BGW's hiring issues isn't due to unemployment benefits, isn't due to lack of high schoolers (many have had additional days off a weeks they could work), it isn't (IMO) even related to pay.
It's the fact that they were able to operate with a bare bones staff while other places have opened up and hired staff. I'm also willing to bet many employers needed to hire extra staff due to limiting hours consecutively worked (I know a few places are doing this). So other places have opened earlier, hired possibly more staff, and the possible pool shrinks. Add in this push to hire people that currently aren't with them and it's a smaller pool.
Completely agreed that it is oversimplifying the issue and I don’t agree with the original comment. But I also don’t agree with posting studies in response to an oversimplifying comment that are misleading. This is something I spent years studying (econ, not unemployment), so these types of posts tend to be hot buttons for me. Neither oversimplifying comments nor links to studies make an economic argument in any way, so from my perspective it’s best not to do either.
Sorry. Back to BGW. {end trigger}
Someone doesn't have a single clue as per how the unemployment system works.
Yale study finds expanded jobless benefits did not reduce employment
The analysis, supported by Yale’s Tobin Center for Economic Policy, comes as Congress debates whether to extend the expanded unemployment benefits.People receiving unemployment benefits are actually more likely to look for jobs, new study finds
A new study finds that people who have exhausted their unemployment benefits are less likely to look for a job than those still receiving them.New Research from UMass Amherst Economist Shows Unemployment Insurance Extension During Great Recession Did Not Destroy Jobs
A new study released by a team of economists including Arindrajit Dube, associate professor of economics at UMass Amherst, reveals that the large extension of unemployment insurance benefits during the Great Recession had neither statistically significant nor economically meaningful effect on...
Always best to stick to things we understand... So back to BGW.
lol. If you don’t think unemployment benefits are an incentive to stay home and not work you are at best niave.
I’m not surprised that nurseries of liberal thought would come up liberal conclusions.
Laziness is certainly a factor also ?
Almost every industry is having a hard time getting people to work, it’s not just bg.
What you are suggesting is the large numbers of people who are filing for unemployment don’t exist.
So... Ya done spamming the thread with your political triple post? Can we get back to the topic at hand?
The topic is about Covids impacts on bg. The policies (Eg politics) that Covid produced and their unintended consequences are a part of that.
Not meant for you, @Jonesta6 but it’s silly to make a political statement then clutch your peals when someone responds.
Policies don’t have to be inherently political, and economic issues are not inherently political or partisan. Society makes them that way. If you’d like to have a discussion about the economics rather than the politics of this sort of thing, feel free to ask questions. I love nerding out on economics. Political rants, however, add nothing to a thread.
I don’t see anyone clutching their pearls.
@qdeathstar , what’s funny about my inviting you to have a conversation?
Policies are political.
It’s ridiculous to say at the same time that extra unemployment benefits are necessary because companies aren’t hiring while also saying bg can’t find employees because there is increased competition for labor.
If you want to talk about universal basic income for people who are working (not in the form of minimum wage, but in the form of direct payments, paid for by wealth tax, ect) that’s a different conversation.
It’s ridiculous to say at the same time that extra unemployment benefits are necessary because companies aren’t hiring while also saying bg can’t find employees because there is increased competition for labor.
If you want to talk about universal basic income for people who are working (not in the form of minimum wage, but in the form of direct payments, paid for by wealth tax, ect) that’s a different conversation.
Both can be true because not all unemployment is the same or even for the same field. And I’m not even going to explain it because you clearly aren’t open to listening based on your response to my post on the topic.
If you’re convinced policies are political, why do you seem unwilling to discuss your view in more depth rather than using laughing emojis? Maybe we’d both learn something through actual discussion.
I certainly didn’t argue that increased unemployment benefits don’t play a part in hiring difficulties. In fact, if you read my posts from yesterday, I was arguing that they do play a part. But the point here is they’re not the only factor. And this is why the economics of the thing doesn’t need to be a partisan issue. It’s not a case of “I’m right and you’re wrong.” Did you know some of the best economists (most famously Friedrich Hayek and John Maynerd Keynes) disagreed on pretty much all of their theories, but they still respected and liked each other? This is because they understood that economics is a very messy field, with no black and white answers.
I’m interested in your view of how this is a different conversation?
of ubi? Because ubi to employeed people will incentivize employment and doesn’t have the negative impact of minimum wage, but I don’t really think that has anything to do with bg’s current employment issues the way unemployment incentives do.
That’s because economics is an art, not a science. I’m well aware. I laughed at you because you said “policies don’t have to be political. Society makes them political” Society makes the policies. You’ve said yourself there is no obvious “right” answer in economics, but you expect society to make economic policies that are apolitical. In before you say you didn’t say that. Are policies political or not?
I felt you made a silly statement.
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Who do you think lost most of their jobs when the pandemic started and where do you think most of the job openings are now? At least be honest with yourself.