UNEMPLOYMENT

The Unseen Effects of Unemployment in America

The jobless rate in America, the richest and most powerful nation in the world seems to be of no importance to the ones running it. After observing the blindness of those in power in the United States, one must raise the hard questions to those in power. Do they realize the extent of the problem? Do they know but are openly unconcerned? I honestly feel as if they just simply couldn’t care less. Looking out for their own profits is number one to these people. Big tax cuts for the wealthiest Americans, out sourcing of jobs, and stripping away of the workers benefits are just a few examples. Unemployment affects more than just the worker, but reaches the retired all the way to the nations youngest. It seems as if those who are in charge of passing laws and regulations here in America are not going to change unless they experience the hardship of unemployment themselves. The very hardship they are helping to further heap on the backs of the American citizens.

The Unseen Effects of Unemployment in America

Millions are out of work, yet what impact does job loss truly have? One loses a job and if able, simply finds another; this is not the case anymore. Now those who would h

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People also relied heavily on social assistance and disability benefits to survive until the age where they were eligible to draw down their retirement benefits. Nearly 1,502,000 families with children younger than 18 had been unemployed for more than 26 weeks since October, reports the group. That number is up 171 percent higher than what was recorded two years ago. People coped with their drop in income by changing their lifestyle, giving up valued assets like their homes and dipping into their savings. But in order for corporations and these big businesses to pay fewer wages to their workers, they are now moving entire factories overseas where workers get a fraction of what the American workers got before. The dire situation of unemployment is infectious and affects all stages of life, not just the worker, but also the retired, middle aged, and even babies.

Those who retired for reasons of unemployment can be contrasted to those who retired for other reasons. For those most severely hit by unemployment, the transition period was extremely stressful with people reporting high levels of anger, depression, and sadness and constant worry about their straitened circumstances (Foldvary, 2004, p. Our president says this strategy will help “boost our economy. Their reasoning was something like, the economy is growing and there is no need to. ” Supposedly the richer will have more money to invest, and these investments will result in creating more small and big businesses. Unwilling to take new jobs that pay far less, neither employed nor looking for work, they are not counted in the jobless rate, and a surprising and growing number of them instead depend on a government check to get by (Bartlett, 2004). This has a negative impact on the future of our economy because these kids will be the workers of tomorrow. ave had no trouble finding employment only a few short years ago are mailing off hundreds of resumes to no avail.

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