Thank goodness for welfare, Medicaid, food stamps, and unemployment compensation. Without those 4 things, what would the country be like?
To quote Jim Rogers: First you take money from the competent people, then you give it to the incompetent people. Next you tell the competent people to compete with the incompetent people. It would be okay if people use those 4 things temporarily to make ends meet, but to treat it like full time income is messed up.
I know someone who heads hr for a medium sized insurance company. She tells me she gets as many as 500 resumes for every position they offer. Musical chairs with a fraction of needed chairs. In the NFL some teams will not make the playoffs and have the worst records. Some coach will be fired and rosters will be reshuffled. Welcome to the jungle.
We had 1200 resumes for a administrative assistant position. And 90% of them were people with 4 year degrees.
Damn, I keep hearing stories like this, hundreds and hundreds of resumes for a few job openings is what it has become, yet everyone thinks the job market is turning around, this should continue for many years to come.
The population always keeps growing. Eventually we'll have 50% unemployment, especially with more advances in technology.
Yes, since we keep turning nature on its head by subsidizing the breeding of those who can't or are too lazy to fend for themselves.
Maybe this was covered earlier in the thread, but how do you eat without a job? Unemployment for some, but isn't unemployment based on your previous work history? College graduates have no work history. How do you eat?
Some people argue though that the new technologies will always need a lot of people to maintain, upgrade, and monitor them.