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Michael R. Strain

Biden’s Unemployment Checks Would Harm Economy

It made sense to pay people extra to stay home last March. It won’t make sense this spring.

Back in business.

Back in business.

Photographer: Olivier Douliery/AFP via Getty Images

At a time when the economy is growing rapidly again, the last thing Congress should do is make unemployment more financially rewarding than working.

Unfortunately, a part of President Joe Biden’s $1.9 trillion pandemic relief plan would do just that. The president proposes paying unemployed workers a $400 weekly supplement on top of other jobless benefits they receive. If adopted, the additional funds will have the perverse effect of hurting the labor market, leading to more joblessness.