(I currently cannot find the original publication that I am referencing. When I do, I will put the name, and author on this post)
Tuesday, November 17, 2009
The Best Social Safety Net
The other day I was reading a book that was published by the CATO institute (www.cato.org). Within the publication I ran into a quote that I really liked. There is a lot of talk about the need for a social safety net. Usually, when people make this claim they are talking about programs such as Unemployment Insurance. However, I think that the CATO publication has the best suggestion for a social safety net program. This is the quote: "There is no better safeguard against unemployment than the prospect of a new job." If programs such as Unemployment Insurance have negative effects on employment prospects, and I think they do, than the very programs that are designed to help those in need may very well have the opposite effect than its original intent.