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Still never got anything to back up this claim? Cons, how does unemloyment insurance cause net labor shortages?

  

Still never got anything to back up this claim? Cons, how does unemloyment insurance cause net labor shortages?

Postby fabrice » Thu Jun 14, 2012 8:59 am

For unemployment insurance to "cause" unemployment, that is, for net unemployment to increase as a result of unemployment insurance, there must be a corresponding net labor shortage. If there was a net labor shortage, you'd see that labor would be more scarce in the market and wages would be bidding higher. Supply and demand.
Have we seen anything like that over the past few years?
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Still never got anything to back up this claim? Cons, how does unemloyment insurance cause net labor shortages?

Postby blaeey51 » Thu Jun 14, 2012 9:08 am

There are some people that will stay on it until it runs out.
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Still never got anything to back up this claim? Cons, how does unemloyment insurance cause net labor shortages?

Postby andreo » Thu Jun 14, 2012 9:15 am

Its commonsense: if the unemployment pays better than an actual job plus you get the 'benefit' of sleeping in every morning, then that person will stay on benefits until they run out and they are FORCED to take the next available job! Another thing to notice is that when wages, particularly minimum wages, go up in any given area, the prices go up correspondingly withing that area thus negating the whole increase! Like you said: "supply and demand"!
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Still never got anything to back up this claim? Cons, how does unemloyment insurance cause net labor shortages?

Postby montrelle » Thu Jun 14, 2012 9:31 am

They will say it's because people would rather stay home and collect $150/wk for 52 weeks.

That's living.

U_Bin caP; The government has to step up and make things happen sometimes.

Do you think there would be equal opportunities if the govt didn't mandate it?

Same goes for insurance. Every minimum wage employee who struggles to pay their rent would be forced to purchase their own insurance. That's not possible.

I bet you long for the Victorian period.
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Still never got anything to back up this claim? Cons, how does unemloyment insurance cause net labor shortages?

Postby donn » Thu Jun 14, 2012 9:44 am

"For unemployment insurance to "cause" unemployment, that is, for net unemployment to increase as a result of unemployment insurance, there must be a corresponding net labor shortage"

Explain to me why a labor shortage would create unemployment.
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Still never got anything to back up this claim? Cons, how does unemloyment insurance cause net labor shortages?

Postby brik » Thu Jun 14, 2012 9:45 am

You are more likely to bypass an available job if you are already receiving money to not have one.

If I paid you for doing nothing what are the odds you will decide to get a job or start a business instead of getting the free money?

How about we use the word maintain instead of cause? Does that help you reconcile it?

Seems pretty obvious.
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Still never got anything to back up this claim? Cons, how does unemloyment insurance cause net labor shortages?

Postby zilar » Thu Jun 14, 2012 10:10 am

When government forces employers to pay money to feed more bureaucracy or to pay off supporters (like insurance companies) there is less money to pay, hire and train employees.

Sorry, if that's too "real world"....but that just happens to be where I live..
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Still never got anything to back up this claim? Cons, how does unemloyment insurance cause net labor shortages?

Postby earnest » Thu Jun 14, 2012 10:13 am

This one is way over their heads. Don't expect much of an answer. Obama 2012 God Bless.
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Still never got anything to back up this claim? Cons, how does unemloyment insurance cause net labor shortages?

Postby deependu53 » Thu Jun 14, 2012 10:19 am

I wouldn't say that UEI is the only cause but it is a contributing factor along with SS and now ObamaCare.

-You've never ran a business huh?

Here, let me explain UEI to you;
It doesn't just magically appear out your azz, someone has to pay for it and that someone is an employer.
The rates an employer pays varies widely on the state they employ in and the amount of turnover they have. Better(more consistent) employers get somewhat better rates.

This is optional reading that I created for Romare but I still think she was too stupid to understand it. The links won't work for you because I'm copying and pasting them and you don't rate high enough on my scale to justify doing the legwork.

______________________________________…

I'll post it for you one more time. hang on.
(It seems you have DELETED the question, no wonder you're asking AGAIN)- don't worry, I used my answer for you Q on another.

this formula and websites deal with FUTA and SUTA; this post may help you understand how it works. I created part of this for another answer but I'll edit what should be important for you.

Do the math; $350 x 52 weeks= $18,200 (before taxes)

Alabama
AL
0.44%
6.04%
2.70%
$8000
http://www.staffmarket.com/peo/pricing-s…

http://www.ehow.com/how_4898992_calculat…

6.2 percent X $7,000 = $434 FUTA tax
6.04% X $8,000 = $483.20 SUTA tax

FUTA with max exemption $56.00 + 483.20 = $539.20 FUTA/SUTA tax paid per year

$539.20 X 30 years = $16,176 total contribution which would be under $18,200 received.
This is a best case scenario and to be fair you also have to take into account the 33%
income tax that is stolen directly.

Few, if any have contributed enough to warrant it.
Source(s):
I did Alabama because it seems like a middle of the road percentage. AK had a 31k cutoff and Mass had
______________________________________…

Continued;

Now you need to factor in SS of which an employer MATCHES EVERY DIME that is stolen from you by the government.

You are also required to pay a matching amount of social security and Medicare taxes for your employees and to pay State and Federal unemployment tax.
http://www.alllaw.com/articles/tax/article5.asp

There is also a little vague section at the bottom of the above link referring to FUTA and SUTA. It's nowhere near as specific as I gave you.

-What I'm getting at is that because of UEI and SS and employer has to pay a minimum of $14,000 per employee just in taxes. THAT is a deterrent to employ people no matter how you look at it.

Do you understand now or do I need to use the little words for you?
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