“others traditionally ‘the last hired and first fired.’”
Would that include long-term jobless and other deemed less-ideal individuals?
Thanks setha.
Exactly. Following bad recessions, going back a long, long time, there were people who fell apart. Lost the will to live as a free, self-responsible person. And starting looking to escape, such as through alcoholism or qualifying for some kind of welfare program.
Being unemployed in the technical sense, means looking for work. So, these people still have hope. (Except maybe those who are simply saying they’re looking because they have to say this to remain qualified for welfare.)
Stopping looking - we call it dropping out of the labor force - means you’ve given up hope. This is as much a spiritual loss as an economic loss. The stabilization of the participation rate, and now maybe it’s going back up, is very, very good.
We have so many of our fellow Americans hurting. Suffering emotional scars from the war and the recession that have gone on, it seems, forever. It’s time to to invite them to rejoin us in being free and self-responsible.
https://www.youtube.com/watch?v=EC2yIwYCXNU