Wednesday, February 12, 2014

The 3D workforce

Discouraged, disincentivized, and downsized.  That's how an article by Liz Peek at the Financial Times describes the state of the US workforce in the Obama economy.  Peek looks at a variety of reasons currently offered for this condition and concludes that a lack of leadership from the White House coupled with access to a variety of anti-work welfare programs has resulted in an attitude towards work that is increasingly negative.  Here's an excerpt from her excellent article discussing how the government of North Carolina has successfully incentivized their unemployed to get back to work:
The idea that cutting off unemployment benefits would force people back to work is not shocking, nor is it an untested hypothesis. Last July, payments to the jobless in North Carolina were terminated. At that time, the unemployment rate was 8.9 percent. By year end, the unemployment rate fell to 6.9 percent, the biggest dip in unemployment in the country. Most impressive, the number of people with jobs in the state rose 1.28 percent. Nationally, employment increased only 0.21 percent during that period.

The idea that cutting off unemployment benefits would force people back to work is not shocking, nor is it an untested hypothesis. Last July, payments to the jobless in North Carolina were terminated. At that time, the unemployment rate was 8.9 percent. By year end, the unemployment rate fell to 6.9 percent, the biggest dip in unemployment in the country. Most impressive, the number of people with jobs in the state rose 1.28 percent. Nationally, employment increased only 0.21 percent during that period - See more at: http://www.thefiscaltimes.com/Columns/2014/02/12/Obama-s-Workforce-Discouraged-Disincentivized-Downsized#sthash.GR19dovT.dpuf