The FGA has published a research paper on the success of the $ 600 the expiration of the unemployment premium provided to the US economy to show Congress that the expiration of the $ 300 the unemployment premium will allow the economic recovery to continue.
NAPLES, Florida, August 9, 2021 / PRNewswire-PRWeb / – Last week, the Foundation for Government Accountability (FGA) released a research paper to show the economic success brought by the expiration of the $ 600 unemployment bonus. It uses the trends observed by the expiration of the original $ 600 bonus as to why states and Congress should allow the $ 300 the unemployment premium expires.
The document explains that the original $ 600 the weekly unemployment premium has enabled five in six Americans to earn more from unemployment benefits than from working. This has discouraged unemployed Americans from re-entering the economy, created hiring barriers for businesses, and increased unemployment fraud. Similar trends were observed with the $ 300 bonus with 89 percent of companies reporting difficulty hiring.
FGA research encourages government leaders to enable $ 300 the expiration of the unemployment premium as expected in September by comparing the economic success observed after the expiration of the $ 600 premium.
“There are over nine million jobs open right now. Despite this, workers are spending more time unemployed. It has become clear that the extra money provided by the government is the driving force that keeps Americans from return to the job market, “said Trevor Carlsen, Senior Fellow at the FGA. “Congress should allow the $ 300 bonus to expire to encourage Americans to return to work and reduce government reliance. “
More than half of states have charted a new course and are rewarding hard work by disengaging from the $ 300 unemployment bonus. Congress should allow the expiration of the $ 300 bonus to see similar economic success caused by the expiration of the $ 600 unemployment bonus.
The Foundation for Government Accountability (FGA) is a multi-state, nonprofit think tank specializing in healthcare, social protection, labor, and electoral reform. To learn more, visit TheFGA.org.
Kristen eichamer, Foundation for Government Accountability, 239-300-9081×138, [email protected]
SOURCE Foundation for Government Accountability