Sunday, February 4, 2018

Sharing The Marbles Revisited

I thought this piece was interesting.  The underlying question is which poor people are deserving of of receiving government subsidies and transfer payments.  Note that at present the unemployment rate is quite low by historical standards, near 4%, but the labor force participation rate is also quite low by historical standards.  Are there people out of the labor market who really should be looking for work?  If so, what is the way to determine who these people are?

A particularly troubling case, not considered in the article, is that of veterans who are now homeless.  When you think through your own views on these matters, you might try to apply those views to the case of homeless veterans and see what you concluded there.

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