Monday, February 17, 2014

Difference between quitting a job and not taking a job

What is the difference between quitting a job you don’t really want, because the government provides you with a health care subsidy, and not taking a job you don’t really want because the government gives you an unemployment subsidy?   

While it’s true that most Americans would gladly give up unemployment benefits if a good job came along, it is also true that the same people may pass on an unattractive job as long as they could get by without it. In fact, very low wage jobs can’t compete at all with the full spectrum of benefits offered by unemployment, such as unlimited personal days, zero commuting costs, and lack of oppressive bosses. And while it may be rational for some individuals to hold out for something better, is the economy really better off with people deciding not to work?