Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 29, 2020

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Tue Jul 28 19:02:02 +0000 2020

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Paul Krugman @paulkrugman

This tells you that the workers accepting jobs were precisely the workers who by and large were receiving more in unemployment benefits than from work. Presumably they nonetheless preferred the reality of a job that might last than depending on benefits that might soon vanish 12/ — PolitiTweet.org

Posted July 28, 2020

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Paul Krugman @paulkrugman

And the workers called back had relatively low wages, as you can see from the fall in average wages, which soared during the initial jobs plunge 11/ https://t.co/87tu5SYuAu — PolitiTweet.org

Posted July 28, 2020

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Paul Krugman @paulkrugman

The bottom line is that all those concerns that we were keeping unemployment high by making it too comfortable had zero basis in reality. UI was helping employment, not hurting it — and the massive fiscal contraction now being perpetrated will be a disaster fin/ — PolitiTweet.org

Posted July 28, 2020 Hibernated