What happens at the end of the year when 1.5 million people stop getting benefits?

[peilthetraveler]

http://globaleconomicanalysis.blogspot.com/2009/07/500000-will-exhaust-unemployment.html

Not only will crime be sure to go up, but this is sure to be a downward spiral that will just tank our economy even worse. All that money that was going into the economy will be even less now and I'm sure there will be many more businesses that will fail and more jobs lost on top of this.

 

[morganist]

Quote from peilthetraveler:

http://globaleconomicanalysis.blogspot.com/2009/07/500000-will-exhaust-unemployment.html

Not only will crime be sure to go up, but this is sure to be a downward spiral that will just tank our economy even worse. All that money that was going into the economy will be even less now and I'm sure there will be many more businesses that will fail and more jobs lost on top of this.

yeah that is worrying. good post and find.

 

[spanish89]

in usa dont you get income based jobseekers allowance like we get in UK?? :eek:


it would be absurd if you have a system where if you cant find any job after a certain number of months or years you are just ''dumped and left to die of starvation''. :eek:


If thats whay USAs policy really is wont 10% of you all be homeless and starving soon??

 

[Scataphagos]

Quote from spanish89:

in usa dont you get income based jobseekers allowance like we get in UK?? :eek:


it would be absurd if you have a system where if you cant find any job after a certain number of months or years you are just ''dumped and left to die of starvation''. :eek:


If thats whay USAs policy really is wont 10% of you all be homeless and starving soon??

After a round or two of benefits extensions, the US will come to understand that we've got "structural and permanent" unemployment.... LOTS of it... and "what's to be done about it" will be quite an issue.

 

[Renegen]

Here's a really good down to earth guy, an Iraq veteran too, who always has a good point to bring. He talked about this very issue yesterday! Said that riots would begin. Not affiliated.

http://www.youtube.com/watch?v=5FXt-28R0Zs&feature=channel_page

 

[morganist]

Quote from Renegen:

Here's a really good down to earth guy, an Iraq veteran too, who always has a good point to bring. He talked about this very issue yesterday! Said that riots would begin. Not affiliated.

http://www.youtube.com/watch?v=5FXt-28R0Zs&feature=channel_page

thanks for the link.

 

[ER9]

Quote from Scataphagos:

After a round or two of benefits extensions, the US will come to understand that we've got "structural and permanent" unemployment.... LOTS of it... and "what's to be done about it" will be quite an issue.

and unfortunately this might be the only sobering reality that wakes this country up.

 

[kashking]

Quote from peilthetraveler:

http://globaleconomicanalysis.blogspot.com/2009/07/500000-will-exhaust-unemployment.html

Not only will crime be sure to go up, but this is sure to be a downward spiral that will just tank our economy even worse. All that money that was going into the economy will be even less now and I'm sure there will be many more businesses that will fail and more jobs lost on top of this.

I wouldn't be surprised to see Obama pass the " Keeping America on it's feet" bill and extending those benefits until 2015

 

[Scataphagos]

Quote from ER9:

and unfortunately this might be the only sobering reality that wakes this country up.

America is going to be shocked when it understands the number of in situ jobs which pay well are scarce. Those will require significant schooling or doing things others don't want to.. and will likely be hard on your body and get you dirty.

The rest of the jobs will be low-wage and folks will have to adjust their lifestyle to accommodate. Won't like it, of course. Won't have a choice, either.

We REALLY shot ourselves in the foot when we outsourced middle-class jobs....

 

[ER9]

Quote from Scataphagos:

America is going to be shocked when it understands the number of in situ jobs which pay well are scarce. Those will require significant schooling or doing things others don't want to.. and will likely be hard on your body and get you dirty.

The rest of the jobs will be low-wage and folks will have to adjust their lifestyle to accommodate. Won't like it, of course. Won't have a choice, either.

We REALLY shot ourselves in the foot when we outsourced middle-class jobs....

i agree. america unfortunately is on the wrong side of globalization.

as the world comes together and wages/standards of living come into balance, as jobs are dispersed worldwide, americans i think will go through a generation of adjustment.