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Tuesday, September 6, 2011

Real Causes of Unemployment

"...excessive union wage-rates, minimum wage laws, excessive and prolonged unemployment insurance, and overgenerous relief payments."
Henry Hazlitt, "ECONOMICS IN ONE LESSON"

So the government is the cause of the unemployment.
It is all about supply and demand and substitution.
If you really desire a job, you will take the wage that the market offers and you will be employed and have an opportunity to improve your status.
Or you can hold out for the better job and remain unemployed.
It is a choice.

And government policies lean in the direction of helping people who choose not to work.
Government interference is the real cause of unemployment.

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