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Wednesday, June 02, 2010
Further evidence that increasing benefit payments increases unemployment
I talk a lot about how increasing benefit levels will draw more people onto welfare (see previous post). Yesterday I came across the following which essentially tells us that for every 1 percent increase in welfare there is a 1 percent increase in joblessness. That is, in English speaking countries. But the same relationship in the Nordic countries is a negative one. Hence the futility of trying to emulate policies from that part of the world.
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1 comment:
have to say, Lindsay, this just proves what I've been saying.
The answer is not benefit reform.
It is simply cancellation of all benefits.
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