Reducing unemployment insurance has made Americans poorer
PEJOURNAL - The results of a study conducted by a number of American university professors show that the US government's move to reduce unemployment insurance and COVID-relief payment, instead of increasing employment rates has made people poorer. A number of US university professors, including Arian Dobeh and Suresh Naidu, published an article last week examining the impact of the massive drop in unemployment benefits in 22 states in June. The team was able to use banking transaction data and compare it with recipients of unemployment benefits in states that did not reduce benefits to get an accurate estimate of the…