Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 2, 2020

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Sun Aug 02 17:39:39 +0000 2020

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Paul Krugman @paulkrugman

But even if it were happening, we have 30 million workers receiving benefits and only 5 million job vacancies. What jobs would workers take if they wanted to work? 4/ — PolitiTweet.org

Posted Aug. 2, 2020

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Paul Krugman @paulkrugman

The claimed GOP objection to extending aid to the unemployed is the belief that it discourages workers from accepting jobs. In reality, all the evidence suggests that under current conditions that just isn't happening 3/ https://t.co/LFZfMpAyh0 — PolitiTweet.org

So far I’ve counted 4 analyses by @mioana, @arindube, Altonji et al, & me finding no overall negative labor market… https://t.co/sMKjB8…

Posted Aug. 2, 2020

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Paul Krugman @paulkrugman

More generally, unemployment benefits might raise workers' reservation wages — the wages they demand to take jobs. But higher wages in the economy as a whole don't directly reduce employment, as Keynes explained long ago 5/ https://t.co/FOvVcY1qDC — PolitiTweet.org

Posted Aug. 2, 2020