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Unemployment : While most agree that unemployment compensation is necessary for today's advanced economies, some economists argue that if the benefits are too generous this

  1. Unemployment: While most agree that unemployment compensation is necessary for today's advanced economies, some economists argue that if the benefits are "too generous" this may result in disincentives to work.

What do you think is the best plan for unemployment compensation?

  • In Spring 2020 at the start of the COVID-19 shutdown, Congress passed the CARES Act. A big part of this package included increasing unemployment benefits by $600 per week for qualified individuals. How might this have impacted the incentive of finding a new job? Read the article The Unemployment Benefit as Defined by the CARES Act
  • Website: https://www.foley.com/en/insights/publications/2020/04/unemployment-benefit-defined-by-the-cares-act

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