Tag: Unemployment
California Agency Ponders Huge Clawback of Unemployment Payments

California State Auditor Elaine M. Howle has slammed California’s Employment Development Department (EDD) for incompetence and mismanagement in a “scathing report” evaluating its performance during the coronavirus pandemic. The troubled agency was already in the hot seat for processing billions of fraudulent unemployment claims in what some call the “biggest fraud on taxpayers in...
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Sen. Dianne Feinstein Turns up in $2 Billion EDD Scandal

Back in the 1990s, a comedian was lampooning people who wore jerseys of NBA players. “Look,” the comic said, “there’s Shaq at the unemployment office.” Something similar is now going on in real life. 

The U.S. Economy’s Hidden Resilience

One of today’s pivotal questions is the ability of the economy to cope and adapt in the face of mandatory and voluntary social distancing. Real GDP in the second quarter of 2020 fell at an annualized rate of 32.9 percent, an unprecedented drop. It has become commonplace (and bipartisan) to assume that economic vitality...
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Why Is Unemployment Rising?

The obvious answer to the question in my title–that unemployment is rising because of the COVID-19 pandemic–is not quite correct. The virus is not causing unemployment to rise. The government’s response to the virus is causing unemployment to rise. I won’t offer an opinion on whether the government response, overall, goes too far or...
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‘Grand Bargain’ Is Bay State’s Grand Disaster

Increased minimum wage and forced paid leave will ultimately hurt workers.

California’s Dream World

California Gov. Jerry Brown caved in recently to intense lobbying from labor-union leaders and signed a bill to raise the state’s minimum wage from $10 to $15 per hour by 2022. “California is proving once again that it can get things done and help people get ahead,” Brown said. Dream on, Gov. Brown –...
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Beware Survivorship Bias

Suppose you wanted to know how many of the soldiers, sailors, and airmen who served during World War II were killed in that war. So you sent inquiries to a random sample of persons whose names were drawn from a list of all those who served in the military during the war, asking: Were...
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Love Gov: “Too Real”?

As part of our recent exhibit at the FreedomFest conference, we continuously screened our new online video series Love Gov. If you haven’t had a chance to watch it yet, each of the approximately 5-minute episodes deals with one of the five key issues that the Harvard Institute of Politics, Pew Research, and other...
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Higher Minimum Wage Leaves Working Poor Without Childcare

Oakland’s voters who approved the March 1 increase of the minimum wage to $12.25 apparently drank the Kool-aid that it would “help the poor.” Tell that to the working poor parents who will now be scrambling to find good, affordable child care: Workers who benefit from Oakland’s minimum wage hike might soon lose a...
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What Makes a Miserable Country?

Venezuela is the world’s most miserable country, according to a team of researchers at Johns Hopkins University who have calculated a World Misery Index. “Misery” is measured as the sum of a country’s inflation rate, unemployment rate, and interest rate, minus the annual percentage change in real GDP per capita. The higher the total...
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