Response to Economy: if it's so good, why all the layoffs?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread |
No...you are not missing something. But the serivce industry is absorbing these workers. However, when you made $10/ hour at the mill and now are making minimun wage at Burger King there is a vast diffference in your disposable income. However, the statistics only show that you are not unemployed. Further more they gather those figures from State Unemployment offices. You use up your alloted time of benefits and still don't have a job, you are removed from the unemployed list. Simply because you are no longer reporting and collecting benefits. It is ASSUMED that you got a job when the benefits ran out.Taz
-- Taz (Tassie @aol.com), May 07, 1999