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To: Regulator
There is no "labor shortage". We have 5-6% unemployment, which is most likely higher. We have people on welfare.

5-6% is a statistic; an average. They lie. 99-1 and 49-51 have the same average but tell quite different stories. The unemployment rate is based on people who apply for unemployment compensation. Most unemployed people do not apply for compensation. They get another job... any job. It's a matter or pride.

I've never held a job longer than 2 years in my 50 years of working....and never appeared in unemployment statistics.

Unemployment is made up 1) unskilled youth, especially unskilled Black and Puerto Rican youth.

2) People who collect compensation but are not looking for work. Some people purposely work the minimum number of weeks to collect Compensation. Then they go on compensation and pick up odd jobs in the underground economy. When their eligibility runs out, they get a real job and build up credits until they can again collect compensation. Some families have made a career of this for generations, especially in the building trades.

The Unemployment compensation system is part of the problem. Not part of the solution. The statistics are based on this cancer in our society.

The solution? A Rainy Day Savings account. Take all the money from Unemployment taxes, health insurance and employee "benefits". Force the employee to have it deducted from his paycheck and put in his Rainy Day Savings Account. It is his money. If he does not spend it, it is his to keep. But it is available for his Rainy Day. This will rationalize what is now an irrational system that makes us uncompetitive.

19 posted on 12/30/2004 5:32:46 AM PST by spintreebob
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To: spintreebob
Take all the money from Unemployment taxes, health insurance and employee "benefits". Force the employee to have it deducted from his paycheck and put in his Rainy Day Savings Account. It is his money. If he does not spend it, it is his to keep. But it is available for his Rainy Day. This will rationalize what is now an irrational system that makes us uncompetitive.

A step back from Socialism and an incentive/motivation toward personal responsibility! I can almost hear Hillary hacking up a hairball over the prospect.

21 posted on 12/31/2004 3:38:39 AM PST by NewRomeTacitus (Be legal or be gone.)
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