Mar
12

Helping Can Hurt

The share of the unemployed out of work six months or longer has been stuck above 40% for two years. Therefore, some states are considering legislation making it illegal for firms to discriminate against the unemployed. This well-intended approach will have unintended consequences, because the longer someone is out of work the more likely skills are to erode. If employers can’t consider this, they will offer new recruits lower pay.

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