Noted: Bahn: JOLTS
Noted: Morley: Thucydides & Plague

Noted: Alix Gould-Werth: Unemployment Insurance

Successfully running a modern economy requires, on the political economy level, a well-functioning social insurance system. In lots of states we do not have a well-functioning social insurance system. Is centralizing functions at the federal level the solution? Before the age of Trump I would have said “yes”. Now I think, more and more, that administrative reform has to come state-by-state—the slow boring of hard boards: Alix Gould-Werth: Fool Me Once: Investing in Unemployment Insurance systems to avoid the mistakes of the Great Recession during COVID-19 ‘During the Great Recession of 2007–2009 and its aftermath, unemployed workers across the country struggled to access the unemployment benefits to which they were entitled, and our government—at both the state and federal levels—failed to remedy the systemic problems that prevent workers from accessing benefits and thus lead to personal financial hardship and a muted economic stimulus. In the early days of the coronavirus recession, we have seen the problems of the Great Recession echoed in the administrative failures of state Unemployment Insurance agencies. The current disarray in state unemployment benefits programs is neither a surprise nor an accident. It is the result of decades of conscious choices made by policymakers at the state and federal level…. Many states limited Unemployment Insurance benefits, made accessing the program more difficult, and refused to fully fund it…. To be able to respond nimbly to the next twists and turns in the coronavirus recession, policymakers should address three key structural flaws… #equitablegrowth #inequality #noted #socialinsurance #2020-05-18