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But we saved everything 🙂.
Matt Darling points out that the current financing structure of the U.S. unemployment insurance system makes companies liable for the unemployment benefits of workers they hire and quickly terminate.
He argues that this system discourages firms from taking chances on potential employees, and suggests that reforms are needed to make employers more willing to take risks when hiring.
Darling previously contrasted the U.K.’s furlough programs with U.S. unemployment insurance increases during the Covid pandemic. He argued that the U.S. response was ultimately vindicated. In an earlier piece, Darling asserted that the internet bubble supported claims about overvalued internet stocks.