A Quote by Kenneth Arrow
I don't believe that unemployment is all voluntary, by anticipation of future wage movements or this sort of thing. I know you can modify the models by taking into account the indivisibilities, but I don't really think that people are voluntarily unemployed.
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I know what unemployment means because I was unemployed for one-and-a-half years, and I know the drama that the worker and unemployed worker faces. I know the world of the labor union better than I think anyone else does.
I think each negotiation should be based on what's the best decision - taking everything into account, not taking one thing into account.
Musicians know all about unemployment. You're unemployed a lot, and I think there's a great deal of empathy between musicians and people who are out of work.
Assistance granted to the unemployed does not dispose of unemployment. It makes it easier for the unemployed to remain idle.
funny how ready people are to believe that counseling, which even when voluntary takes years to modify garden-variety neuroses, can work wonders in months with resistant patients who hate each other.
Regardless of what the minimum wage is, you really have the market wage. And if we're not taking care of our people, then we're going to lose good talent, at every level.
Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages, period. The only recourse is to either expand the number of jobs or somehow lower the wage.
Now, we don't get rid of it in round one because we don't think that that's politically smart, and we don't think that's the right way to go through a transition. But we believe it's going to wither on the vine because we think people are voluntarily going to leave it - voluntarily.
I've never believed unemployment numbers because the way that they calculate unemployment makes no sense whatsoever. It's not how many people are unemployed. It's how many people are actively looking for a job.
The climate-studies people who work with models always tend to overestimate their models. They come to believe models are real and forget they are only models.
We all spend so much time worrying about the future that the present moment slips right out of our hands. And so all we have left is retrospection and anticipation, retrospection and anticipation. In which case what's left to recall but past anticipation? What's left to anticipate but future retrospection?
I know that's the sort of thing people say and I really hate it when people say the sort of things people say. I always think, 'You don't mean that, you just think it sounds good.
I've heard the argument that unemployment benefits somehow act as a disincentive to the long-term unemployed when it comes to looking for work, but the opposite is true. Unemployment Insurance serves as a powerful incentive for people to keep searching for jobs, rather than drop out of the labor force altogether.
The one thing we know about the future is that it will not be like today. I don't think that people should be too anxious about not knowing what they are going to do in the future, because we really can't know.
People don't get drafted into being housewives. It's a voluntary experience, so people are putting themselves into this situation voluntarily.
If you're denying God's power, that means you don't really believe they were miracles, and so then why believe they happened at all. What you're saying is you're taking the Bible's account as literally true in need of a scientific explanation rather than just people coming up with stuff to fulfill their religious missions.
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