December 28, 2010

CAN THIS SURVEY BE RIGHT? In The Worst Economy Ever, People Are Quitting Their Jobs With Nothing Else Lined Up. “While the unemployment number is growing, there is also a growing number of people who don’t see their joblessness as a bad thing.” It’s not unemployment, it’s funemployment!

UPDATE: Reader Grace McLoughlin writes:

Of course it’s right. Anyone with management experience would have bet money on this happening. These people are demoralized. It’s what Obama gets for punishing the most productive among us and rewarding the
crooked, the greedy, the uncaring, and the lazy. The average Joe is evening-up the playing field. It’s way beyond ‘going Galt’.

Ouch.

ANOTHER UPDATE: Dave Price emails:

I think it’s not just the more productive inceasingly going Galt, it’s also the less productive going looter. Food stamps, 99-week unemployment, and other government largesse have never been more generous, and it’s known that CPI probably overstates considerably the true inflation seen by the lower income quartiles (it ignores WalMart,
etc). You can actually live fairly well without working, and work is hard.

Some of both, I suspect. You can also work in the underground economy and do pretty well.

Comments are closed.