Posted 1 year ago on Oct. 26, 2011, 7:16 p.m. EST by hidden
from Los Angeles, CA
This content is user submitted and not an official statement
I'm wondering, how many people here know what "Natural Unemployment" actually is?
By mainstream economics, "Natural Unemployment" considered to be about 5%. Of cause, this rate is based on statistics among the the people who actually reported their unemployment, in reality it could be bigger, though let's not go there.
So, %5 are people, yes, they are actually people. People who have to be unemployed, have to starve and have to die. These people are not suffering for nothing, they are playing important role in our economy, they keeping the pressure on the next %5 of employed. This pressure is required to keep wages and prices low, otherwise the inflation would rise. Of cause, these 5% keeping pressure on the next and so on. So, what are these 5% employed, are they ok? These 5% of hardly employed people are under constant stress, they straggling to keep up with their bills and can loose their job any time. They are also important because keeping pressure on the next in this slavery chain.
In a country like US with population of 307,006,550 people, 5% is 15,350,327 people. Yes, 15 million people have to be unemployed! 15 million lives is the price we have to pay to keep our economy going! But what is it? Is it just one time charge? Well, it would be, if people can survive without money, but these are people who have to eat and place to live and no money - means death. Which means when they run out of supply they will have a choice, to die or find another way to get money which usually streets and crime. But, that's not where it stops, all the choices mean these people go off the statistics and the next 5% take their place.
Some people might think that these people die and it's their own fault, but it's not! These people a murdered by the people who support the market system, the capitalism.
We live in 21st century, how can we consider murder of 15 million people on a regular bases a normality?