Question
watch the videos then answer the questions below. https://youtu.be/leZ6u-HYW-Q https://youtu.be/mirW34j7vZI https://youtu.be/sUhCtxf2ZUQ When workers are laid off from their jobs for reasons other than poor performance,
watch the videos then answer the questions below.
https://youtu.be/leZ6u-HYW-Q
https://youtu.be/mirW34j7vZI
https://youtu.be/sUhCtxf2ZUQ
When workers are laid off from their jobs for reasons other than poor performance, unemployment payments should replace all their previous income while they look for a new job. Do you think the idea expressed is a good one? Why or why not? Would such a policy, if implemented, influence how quickly laid-off workers would find new jobs? Please explain. Also, what impact would it have on the unemployment rate? Why would it have this effect? Try to relate this to the provision of "extra" unemployment payments by the government to the unemployed during the pandemic.
Also, consider this question in light of the discussion on egoism and altruism last week. Is welfare for the unemployed based on an egoistic or altruistic code of morality? Explain your response. What are the economic effects of egoistic and altruistic government policies in regard to unemployment? What about their economic effects generally. Does this tell us anything about the nature of egoism and altruism?
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