Thursday, November 13, 2008

Unemployment

Someone once said that when prices go up, inflation results. Yes, thanks for telling me. Now, we see jobs being cut and job losses mounting ever higher so unemployment is rising. Hmmm - what to do? The trouble with unemployment is that it produces nothing. It's like sitting in front of a TV - it produces absolutely nothing. Now, don't get me wrong, being unemployed is not all bad - people still get something while unemployed, namely, unemployment benefits. If people had savings to fall back on, there would be no crisis - savings plus benefits would be the same as having a salaried job, although without insurance benefits. However, receiving unemployment compensation while producing nothing is just not logical. It helps nobody. Only the government would do something like that.