Following the pandemic, Mississippi faced the same problems many states faced. Expanded federal unemployment benefits made it easy to stay home. Business drives the economy, and businesses needed workers. 84,000 workers across the state.
The cause of this was simple: Federal unemployment expansions and bonuses were paying people more money to stay at home than they could make working. The solution to these woes plaguing our state was also simple. Governor Tate Reeves saw the need for swift action and, in June, Mississippi became one of the first states nationwide to opt out of these expansions and bonuses months before they were set to expire.
By opting out of enhanced benefits, Mississippi turned it round.
Immediately following Gov. Reeves announcement, work search activities spiked throughout the state. When people began actively looking for work again, Mississippi businesses were finally able to start filling open positions.
If you pay people to stay hoe, they will stay home.
2 comments:
'Tis a very true statement (if you pay people to stay home...) Montana did the same thing - cut off payments - and lo and behold - people went back to work.
Corollary: That which gets rewarded gets repeated.
Post a Comment