“Jobs
are down!”; “Benefit claims are up!” Alarmists can be heard shrieking and
freaking- claiming this is sure evidence that lazy people are fleeing the
workforce in order to sit on their butts collecting benefits! – But are they
really?
A
number of pundits have claimed a direct correlation between the recent upward
trend in American’s Social Security Disability Insurance (SSDI) enrollment and
the downturn in the number of people participating in the labor force. For
example, according to the Wall Street Journal, the Chief US economist for J.P.
Morgan, Michael Feroli, estimated that a quarter of all the people leaving the
labor force are enrolling in SSDI. (The
Wall Street Journal, 4/10/2013), Adding to the speculation, Fox &
Friends commentators claimed the poor numbers shown in a recent jobs report
were due to workers choosing to sit on the couch collecting benefits instead of
going out to find a job and participating in the labor force. (http://mediamatters.org/research/2013/06/07/fox-rehashes-myth-that-unemployment-and-disabil/194385.)












