In April 1966, with the economy running hot and workers in short supply, California gubernatorial candidate Ronald Reagan did not mince words about the wisdom of providing government money to the unemployed or about the character of recipients.
“Unemployment insurance,” Reagan is reported to have told a Republican dinner crowd, “is a prepaid vacation for freeloaders.”
Whether Reagan actually meant those words is questionable, but a half-century later they still echo albeit less harshly in the debate over possible reasons for the recent gap between available jobs and workers willing to fill them. Suspicions remain that among the nation’s unemployed are slackers exploiting the pandemic-related benefits flowing from Washington and state governments.
: Jobless Americans in at least 18 states are about to get a rude awakening
: Jobless Americans in at least 18 states are about to get a rude awakening
Many workers in states that are cutting benefits ‘will be desperate to keep body and soul together,’ said Stephen Wandner, a senior fellow at the National Academy of Social Insurance
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: Jobless Americans in at least 16 states could get a rude awakening
Many workers in states that are cutting benefits ‘will be desperate to keep body and soul together,’ said Stephen Wandner, a senior fellow at the National Academy of Social Insurance
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All materials, including but not limited to articles, directories, photos, lists, etc., on this website are the sole property of ForexTV or the respective copyright holders and are intended for informational/educational purposes using hypothetical and sometimes anecdotal illustrations. The unauthorized use of any and all materials is prohibited and restricted by copyright law. Any use of materials on this site must be approved in advance by ForexTV.