Is a $300 Unemployment Boost a Disincentive to Work? Covid Relief Bill Revives Anxiety
Numerous studies found the $600 boost to employment benefits didn’t have a negative effect on the labor market. In the aggregate, it didn’t inhibit people from looking for work or cause them to leave a job, they found. Businesses didn’t have trouble recruiting for job openings.
“There weren’t enough jobs and too many people were unemployed,” said Ioana Marinescu, an assistant professor of economics at the University of Pennsylvania, who co-authored one of the studies. “It just wasn’t a problem on the big scale of things.”