The US employment rate has dropped from 9 % in January to 8.9% in February , with more than 13 million US people, still almost double before crisis happened. This number don't consider Some US people have given up looking for full time employment but find part time jobs instead. Most people work in Manufacturing, Construction, Business services and Transports. Even though, the jobless has fallen but current employment growth is not enough to recover the million of laid off.
While I was reading this news, I think about Hamburger Crisis in 2009. This can be effect to economy of all countries in the world. The declining in economy has affect to many parts of the economy such as stock market, financial sector and unemployment. Two years ago, On the television, I saw US people stand in long line for seeking a new jobs. While, most companies have laid off labour force continuously. I feel depress and unhappy if it occur with me how i will do it. I think that if people don't have job in recession period, it will have an effect on their living both mental and physical health. It's hard to live without a job and money. They have no money means they cannot buy a food, a clothes or something that they want.
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Lek,
ReplyDeleteHave you read Mi's post, "Social changes cause increase of depressed men", on a related topic? It directly addresses some of your own ideas about the effects of unemployment on people. It interested me enough that I commented there.
On the slightly different ideas you've responded to, I think a major cause of unemployment is government interference in teh economy to make it less efficient, for example when the Thai government subsidises cooking oil, that is bad for all of the Thai economy and hurts everyone except the small number of farmers who produce palm oil. And not allowing Tesco-Lotus to build more big supermarkets everywhere is bad for everyone except the selfish small shop owners who don't want fair competition. The US government has the same inefficient policies that damage teh whole US economy, so many people suffer for the benefit of very few. I think free markets are fairer, more just and better for a national economy than communist-like control policies to protect special interest groups.
Do you agree? Or do you think that governments should prevent fair, free-market competition?