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August 3, 2016
We now have a low unemployment rate, but, astonishingly, fewer people who don’t have jobs
– aren’t even looking for jobs, so they aren’t counted as unemployed.
They just don’t work for a living. They aren’t trying to. The remedy to this, we are told, is more regulations to make work safer, higher minimum wages to make work more attractive, and more welfare benefits for those who aren’t working. This makes investing in new manufacturing enterprises hideously expensive. – Jerry Pournelle
Posted by gerardvanderleun at August 3, 2016 8:15 AM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
My observation, drawn from not only what I'm seeing, but what I'm experiencing. These unemployed people are actually working with very marketable skills, under the table, for cash, and many of them are not paying taxes, nor are they going to.
Posted by: Mother Effingby ![[TypeKey Profile Page]](http://americandigest.org/sidelines/nav-commenters.gif)
at August 3, 2016 9:35 AM
Europe, in the 1930s, had a surfeit of people. There weren't any famines, everybody had food and housing, and yet there were all these ... unnecessary ... people. Something Had To Be Done. It was too crowded. More living room was needed. Several solutions were tried.
It's a good thing history only rhymes.
Posted by: John A. Fleming at August 3, 2016 5:48 PM
It seems they've stumbled upon a new, final, final solution, finally!
Posted by: Mother Effingby at August 4, 2016 5:27 AM