fatvegan

This is the sort of stuff we get in our macroeconomics textbook. Stupid educated professors and their lousy theories about the rest of the world.

The higher the unemployment benefit rate the longer is the length of time that an unemployed person spends searching for a job.

And this little gem.

Unions say that workers are better off, firms say workers are worse off, economists say some workers are better off and some are worse off, politicians say that workers are neither better off nor worse off. Who is correct? Answer: Economists are correct.