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Re: The Redistribution Recession: How Labor Market Distortions Contracted the Economy

By: clo in FFFT | Recommend this post (0)
Wed, 26 Jun 13 7:58 PM | 22 view(s)
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Msg. 53467 of 65535
(This msg. is a reply to 53461 by oldCADuser)

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Another provision was known as the 52–20 clause. This enabled all former servicemen to receive $20 once a week for 52 weeks a year while they were looking for work. Less than 20 percent of the money set aside for the 52–20 Club was distributed. Rather, most returning servicemen quickly found jobs or pursued higher education.

http://en.wikipedia.org/wiki/G.I._Bill




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The above is a reply to the following message:
Re: The Redistribution Recession: How Labor Market Distortions Contracted the Economy
By: oldCADuser
in FFFT
Wed, 26 Jun 13 7:33 PM
Msg. 53461 of 65535

KTC,

I'm looking for a reference to an article that I read within the last couple of weeks where it stated that of all of the provisions of the GI Bill, the unemployment benefit aspect was the least used provision and that in the end, less resources were spent for unemployment payments than was initially assumed would be spent. The reason given was that the education provisions proved to be the most popular aspect of the bill, and not just for 4 year degrees, but also technical training which moved people more quickly into full-time well-paying jobs. The unemployment benefit was intended as a safety net only and that's exactly how it was used and why it never cost as much as expected because the other aspects worked out much better than anyone had assumed that they would.

If I can find the item again, I'll post the link.


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