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In attempting to reduce high unemployment rates, the conventional wisdom is that unemployment is caused by a lack of jobs. That makes sense, until you analyze the size of the employed workforce. The reality is, if you reduce the size of the employed workforce, you will effectively decrease the unemployment rate. It is a fact that workers who drop out of the workforce will decrease unemployment. Share on FacebookMy initial instinct was to vote No; I was very angry at our so-called lawmakers, and Governor Schwarzenegger, for two primary reasons: 1) First of all, I was angry that California is in this spot, in the first place. It’s disgraceful that a State that has always been touted as having the 7th largest economy in the World, is now on the verge of bankruptcy. And the fault lies squarely on the shoulders of our lawmakers, and our Governor,. It was their extravagant spending, and poor and inept management that have put the whole State in the hole. Share on Facebook |
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