In present day America, the government
focus has changed a bit. In the new focus, the government attempts much
more to prop up the unemployed by extended payments for not working. Is
it really a surprise that unemployment is so high when you pay people
not to work.? The 2010 Nobel Prize was awarded to economists for their
studies which showed that, and I quote from the Nobel press release
announcing the award:
One conclusion is that more generous unemployment benefits give rise to higher unemployment and longer search times.[2]
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