We don't see a lot about unemployment, but I think we need to give it a very thorough examination and all the things that unemployment is connected to.
I'm thinking about:
Credit being affected
Inability to pay bills
Medical and psychological costs
Inability to afford goods and services
Relocation costs
And more
And let's compare that to the cost of an employer of last resort, a new Civilian Conservation Corps style program.
I've seen 250,000 dollars per worker. OK, we've got something. So now let's compare that to long-term unemployment.
Cost of an employer of last resort:250,000 dollars per workerCost of long-term unemployment:Being unemployed for a long period of time is equal to smoking ten packs of cigarettes a dayWal-Mart CEO says customers are running out of money