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One thing I hadn't properly appreciated about America's inadequate economic response to the pandemic was just how much its policies were constrained by broken economic plumbing. Two stories shed light on this: (1/4)
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David Watson 🥑
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If Australia's economic response to the pandemic was far superior to the USA, why has Aus done so poorly on per capita growth, productivity and real wages relative to the USA since then? Isn't this a better test of policy outcomes?
𝑼𝒏𝒅𝒆𝒓𝒔𝒕𝒂𝒏𝒅𝒊𝒏𝒈 𝑾𝒉𝒚 𝑻𝒓𝒖𝒎𝒑 𝑾𝒐𝒏 The liberal establishment has colossally failed us and ushered in a dangerous Trump administration in the process. The only answer is a bottom-up working-class movement. ★ NEW ARTICLE ⬇️
FWIW - it's not that they don't allow multiplication, it's that UI benefit calculations are really complicated. It's easier to say "add $300 after everything else is determined" than "create a variable for 100% of previous wages".
Sometimes the issue was even more serious than timing delays. Coding changes could have potentially crashed their systems!
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Will Raderman
@RadWill_
If anything, the 2020 policy discussion about increasing weekly unemployment benefits by (A) a % or (B) a flat $ amount probably downplayed the system limitations. "A crash could disable the system for an extended period and render Vermont unable to administer its UI program."
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Yeah, can tell how good the Australian response was vs. the US by the robust economic growth in Australia vs the states in the last few years.
Maybe the enhanced unemployment changed the rules (or there are other rules for specific circumstances), but I'm pretty sure that if you quit voluntarily you're not eligible for unemployment compensation.