Quote:
Originally Posted by ChinoCoug
You are looking only at the change in consumption from getting regular pay to getting an unemployment check for a smaller amount. After people get the second check, third, etc. for the same amount, they still gradually scale back their consumption over time although their check each month is the same amount.
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Meaning they are acquainting themselves to their new reality.
If people anticipated getting another job soon, they would not need to scale back consumption.
Instead they are thinking, "well, I'm going to be on this amount of income until my benefits run out, so better be prudent." It isn't like most people sit around and make permanent budget changes they institute immediately.
Sorry, you are talking to a conservative here. You can talk stupid to liberals, but I have a bit more common sense that.
"Sufficient incentive." Hilarious.