The longer someone is on employment benefits…
- Skills atrophy
- New people enter their particular field
- The economy suffers in an aggregate manner as productivity stays low
- Labor participation rate suffers
- More tend to drop out of the workforce and rely on government assistance or others such as relatives which also drains the overall economy
- The money to pay unemployment is borrowed and accrues interest which has to be paid back by taxpayers
- I know it sounds harsh but time for hard decisions by Americans to take whatever job they can and multiple jobs if needed
- Time to go back to 26 weeks maximum of unemployment benefits and if necessary we can gradually but must scale back from 99 weeks for the nations economic health.