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3/26/13, "Santelli Stunned: It's Better To Be On Disability Than Work Minimum Wage," Zero Hedge
"The sad truth in the USA, as we explained in great detail here,
incentives to 'work' are increasingly non-existent. Thanks to a
never-ending stream of benefits from the great and powerful Oz, as
CNBC's Rick Santelli notes, Disability payments (of which there are 14 million people covered in the US - none of which count towards the unemployment rate)
pay around $13,000 per year (versus $15,000 for minimum wage work).
However, Santelli exclaims, the people on disability get healthcare; and
this program costs the US $300 billion per year. Is it any wonder that
only 1% of those who were on disability in Q1 2011 have left? Santelli
comments, "I'm not saying there aren't people that are on disability
that shouldn't be, but much of it is illnesses like back pain... it's a
judgment call," adding that, "without incentives, large issues go ...totally unfixed.""
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