Welfare programs often have unintended consequences from "summary" of Free to Choose by Milton Friedman
Welfare programs are often put in place with the best of intentions - to help those in need and alleviate poverty. However, these programs can have unintended consequences that may actually worsen the very problems they are meant to solve. One such consequence is the creation of a cycle of dependency, where individuals become reliant on government assistance and lose the motivation to work and improve their situation. When people receive benefits without having to work for them, they may lose the incentive to seek employment or pursue education and training opportunities that could lead to better-paying jobs. This can result in a decrease in overall productivity and economic growth, as well as a perpetuation of poverty across generations. In addition, welfare programs can create a disincentive for employers to offer competitive wages and benefits, as potential workers may be content to rely on government assistance instead. Further...Similar Posts
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