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techno_bull

03/05/09 11:37 PM

#77086 RE: Sarmad #77085

I guess I needed to qualified it with 'everyone else that has a paycheck'. If that leaves out you or some one you know then
my apologies for sounding cavalier.

Having said that, I have to add that while losing one's job can be a difficult and sometimes traumatic experience it isn't the end of the world. No one is born with the right to have a job, you have to work to get one. In the age excess (and full employment) everyone had a job and could move around with some fluidity for the best pay. During an economic meltdown the weak enterprises fall and resources (people) are displaced. Some of these people will start their own enterprise, some will go back to school to study what they really want, some will hunker down, live small and study poetry. Still others will whine about how the government 'screwed me up' and owes me a job and needs to do something about it (i.e. take some money from that fat cat over there and give some of it to me). While being out of work is not pleasant during the re-balancing period, those that desire to work WILL find gainful employment as knew opportunities emerge as long as the free-market not stifled. When has the economy NOT moved back toward full employment following even a severe recession during the past 50 years?

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Nanochick

03/06/09 1:16 AM

#77089 RE: Sarmad #77085

Re:Tomorrow the labor dept will announce that another half million workers lost their paycheck in February, making the total unemployed ever 10 million.

The current numbers are:
LATEST unemployment reports
Thursday: Data on Silicon Valley"s January unemployment rate (9.4 percent) and number of jobs lost (14,900).
Thursday: U.S. Labor Department weekly report that 639,000 people filed first-time claims for unemployment benefits last week, an unexpected drop from the previous week.
Last week: January data for California: 10.1 percent unemployment rate and 79,300 jobs lost.
Details: http://www.mercurynews.com/ci_11847980?source=rss