Quote:
Originally Posted by ChinoCoug
Yes, but the phenomena economists are concerned with is not that people prefer lower consumption to work. It is that they consume less and less even while receiving the same amount in benefits. There is no change to the amount you receive, yet you still consume less and less. No one consumes less if they don't have to.
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Which means that they have to consume less. Because they have adjusted to their new lower income.
Surprised that an economist can't see the end of his nose.
I don't know how you could look at this and say that unemployment doesn't disincentivize finding work.
The better thing would be to have the benefits decrease every month to zero.