Quote from Vinny1:
Many people are lazy in America. My friend's girlfriend in NJ hasn't worked for close to 2 years (was laid off from her last job) and has been collecting $1,900 per month in unemployment. She makes more on unemployment than many people working full-time. She doesn't even have a college degree, just a high school diploma. What incentive is there to look for work when you can just sit back, do nothing, and collect $1,900 per month in unemployment. Of course, she says that she has been looking for work, but can't find anything. She is probably only applying to 1 job per month. Her unemployment is done with in 2 months, which will make it 99 weeks. Does anyone know if the government has extended unemployment to more than 99 weeks?
How is that lazy? Who would turn down getting paid more for not working that earning less going to work and of course I am not including the cost of gasoline etc..
She does not sound too different from a trader. All she is doing is taking advantage of an arbitrage situation. Only a fool would turn down a good risk free arb.