Many are familiar with the term "market failure", and too few are familiar with the design failure.
Just as there are processes that only governments can lead, there are important processes that governments can only disrupt.
The price mechanism is one of them - when a government tries to directly influence a price it disrupts the whole market.
We have seen this in the failures of governments for generations to intervene in the housing market, and now we see the result of government intervention in the employment market.
The government's gross intervention in the market has placed a price tag on the employee, effectively effectively removing employers from the employment equation.
The U.S. administration also acted similarly, offering generous unemployment benefits, as a "temporary" solution to the market crisis.
The generosity of the United States is understandable. This is a test prescription for an old disease, for the great crisis of 1929. Years after this crisis, the central bank there - like the common perception among economists - realized that this crisis could have been avoided if the central bank had rushed to flood the banks with cash and prevent The "run on the banks", which was the first domino stone fall that led to the collapse of the markets.Since
then, governments have been using the same old prescription for every serious illness.
Governments are very fond of distributing money to citizens.
Just give them a good reason to do so and they will approve any amount - no matter how absurd.
The prevailing perception among elected officials is that the distribution of money will be highly valued among voters.
Even if you prove to them that it is not unequivocal, they will not get rid of it.
Thus, the "application fee" continued to be excessive, even when employers shouted that they were short of workers.
Market ministers and senior officials have argued that this is a marginal phenomenon, and the majority are "real unemployed".
But this phenomenon has expanded to dimensions that can no longer be hidden, and it is now understood that the market has changed.
Previous governments intended to freeze it, but people do not freeze, they are at most moving in a different direction.
Low-wage workers did not wait for the crisis to end - some have invested in the capital market, especially in the US, and market trends show this.
Some have found parts of jobs that together bring them back to the previous income level, and some have become experts at receiving equal benefits and discounts.
In short, get along.
Even without the employers.