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

By: oldCADuser in FFFT | Recommend this post (0)
Wed, 26 Jun 13 8:12 PM | 21 view(s)
Boardmark this board | Food For Further Thought
Msg. 53469 of 65535
(This msg. is a reply to 53467 by clo)

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Not exactly what I had read, although it appears that it referenced much of what the Wiki item noted.

One thing that I did learn from the Wiki item that I was unaware of was that the original GI Bill was the brainchild of a former national chairman of the REPUBLICAN party.




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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: clo
in FFFT
Wed, 26 Jun 13 7:58 PM
Msg. 53467 of 65535

Let me help, found this.

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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