The "real" unemployment rate is between 8 and 12 percent. The 6% number is a churched up. It ignores people who quit looking for work and people underemployed. It's not untrue, it's just been massaged to make it not look as bad.
I would also argue that the decrease in available jobs has almost nothing to do with regulation. I'm more inclined to blame globalization and automation. These two factors have lead to a seismic shift in our economy. No longer does a company have to limit it's labour force to a specific location. Every single step of the production process can be optimized for profit. This is excellent for companies but not so great for people.
On the demonization of the poor, why are people who take assistance looked down on? If I don't take the tax write off for my home (which is a goverment handout designed to encourage home ownership), I'm not morally superior. I'm just being financially incompetent.
November 26, 2014 at 07:03AM
via reddit http://bit.ly/1FrxlFU