“Many have given up” ... is a myth. They simply ran out of unemployment benefits and are no longer counted as unemployed even though they are. But most have NOT given up.
True.
How do you know?
That is not how people are counted as unemployed.
http://www.bls.gov/cps/cps_htgm.htm#unemployed
Yes. That always gets me.
How do you give up looking for a job? I mean, does one decide to live in boxes and give up eating instead?
Yep. Anyone who doesn’t continue to check in with the state Employment Development Department (here in CA anyway) after their unemployment runs out is counted as not looking anymore. Why would they?
I know guys who have gone off the grid. They work for cash, netting more money than when they were employed. I can only guess about their taxes.