The question of whether extended or enhanced unemployment benefits are keeping people from working is one of those classic cases where the New York Times and the Wall Street Journal both wrote the same story on the same day and came up with diametrically opposed answers. That—and how unemployment insurance might be imaginatively rethought to improve incentives—is the topic of my column this week. Please check out the full column at Newsmax ("Pay People to Not Work—and They Won't") and at the New York Sun ("Time To Reform Unemployment System—Before the Next Crisis").
A sign greets customers at Alvin Rondeau's Dairy Bar, Palmer, Massachusetts, June 29, 2021. Businesses have had a hard time finding workers, in part because of extended and enhanced unemployment benefits that compensate people for staying home.