Posted 2 years ago on June 8, 2012, 11:10 p.m. EST by Misaki
This content is user submitted and not an official statement
Who bears the cost when someone is looking for paid work but unable to find any? The answer is usually some combination of family, friends, or the state. Indirectly, welfare provided by the federal government is paid either by taxpayers or by all holders of wealth through inflation. It is the responsibility of anyone subject to these costs to decide whether to accept them as the price of maintaining social stability within the current system, or to support changes so that these costs are no longer incurred.
Until now, many people have assumed that it was not possible to eliminate these costs because it would be even more expensive for the government to create jobs through additional spending. Economists have never offered a clear explanation for why the business cycle exists, or what leads to job creation at the end of a recession, and so many people have been forced to rely on ideological explanations for what is wrong with our economy.
These explanations are all wrong. The poor cannot volunteer to work for lower wages because ownership of land and restrictions on building drive up housing prices, and even if every single job opening in the United States today was filled there would still be millions of people out of work. We have plenty of educated workers in every field and over $1 trillion in student debt. The rich do create jobs through spending and many give generously to philanthropic efforts. The government does waste money through unnecessary programs and costs but this leads to more jobs, not fewer.
It is the middle class who allow unemployment to remain as high as it is. 56% of the population, as well as the Congressional Budget Office and Moody's, agree that higher taxes and government spending would lead to growth, but only 42% think that the government should create jobs in this manner. In a democracy, it is the people who ultimately define the goals of government, not the elected leaders or a wealthy elite, and so our high levels of unemployment have continued.
This is not to say that the majority of people want unemployment to exist. Prior to the financial crisis, 68% of the population thought that money and wealth in the US "should be more evenly distributed among a larger percentage of the people". The fact that this proportion dropped sharply to 58% after the crisis and has remained