Comment and analysis on all things Charlotte

The perverse incentives of long-term unemployment checks

That was the subject of a recent column by JLF head John Hood, which the Charlotte Observer decided to pick up. A highlight:

Faced with a multi-billion-dollar UI debt, the General Assembly enacted changes last year to bring the state’s benefits more in line with competing states and thus reduce future debt-servicing costs. Under federal rules, that meant that as of July, North Carolina could no longer participate in extended federal benefits.

Critics predicted economic disaster. Some claim to see it now. But that’s not what the evidence shows. From July to November, N.C. employers added nearly 40,000 new jobs.

Comments are closed.

September 2015
M T W T F S S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930  

RSS Feeds

Archives

JLF Network Websites & Blogs