Written by Lance Roberts | Wednesday, September 11, 2013
It is interesting to note that while the unemployment rate has been falling, currently at 7.3%, it has not been because of a strongly increasing workforce. Rather it has been a function of people leaving the workforce. This, of course, brings up the obvious question of how these people are live if they aren't working. A recent trip to Walmart answered that question.
For me, I was stunned. My first thought was to follow the gentleman out into the parking lot and mug him to get my tax dollars back. However, quickly realizing my first option was unrealistic and illegal, I turned to the cashier and asked a simple question. "How often do you see people using food stamps to buy groceries?" The answer: "Just about every other person."
Welcome to 'Merica, The Welfare State.
This experience came to mind when I read a great article by Diana Furchtgott-Roth at E21 entitled "When It Pays Not To Work."In this article she cites some alarming statistics:
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