FGA Research Shows How Ending Unemployment Expansions Can Kickstart America's Economic Comeback
Retrieved on:
Thursday, August 26, 2021
The paper explains how extended benefits used to combat COVID-19-related unemployment closely resemble the Emergency Unemployment Compensation (EUC) program that followed the Great Recession.
Key Points:
- The paper explains how extended benefits used to combat COVID-19-related unemployment closely resemble the Emergency Unemployment Compensation (EUC) program that followed the Great Recession.
- Both programs extended or increased unemployment benefits and allowed many Americans to collect more money on welfare than they received from their previous jobs.
- "In the past and now, ending unemployment extensions is a proven way to kick our country's economy into overdrive.
- With the end of expanded unemployment benefits, states that chose to continue unemployment benefits will see the economic recovery they delayed by their stubborn continuation of destructive policies.