Difficult in finding good jobs - Essay Example

(Lenard, 2011) Depending on which state one resides in, the difficulty in finding employment can be described as .82 workers for every position, (in Washington, D.C.) or as many as 8.24 workers for every position (in Michigan). (Lenard, 2011) Production jobs are down nearly 50% as a result of outsourcing. (Lenard, 2011) With unemployment benefits on the decrease, due to fewer workers in the system supporting the tax base revenues from which those benefits derive, what does the future look like for these people?

(Lenard, 2011) The impact of not being able to find work has caused some serious consequences for our economy. (Bruce, 2011) This type of structural unemployment is closely aligned with system failure. (Bruce, 2011) The current economic downturn has been long lasting. (Bruce, 2011) Most business cycles take approximately 20 years to return to their previous position. (Bruce, 2011) That means we have approximately 10 – 12 more years before we will be able to see more availability of employment.

(Bruce, 2011) In addition to decreased productivity in the marketplace, unemployed workers are no longer supporting the tax revenue base that pays for unemployment benefits as well as numerous social programs that provide health care, training, and child care assistance to help people stay healthy and find employment. (Bruce, 2011) This creates a situation where the government must either increase taxes or borrow the money to cover this debt. Increased taxes lead to less consumption, which creates new unemployment.

(Bruce, 2011) It takes money out of the financial markets, which also increases the interest rates; this, in turn, increases costs for companies and lowers profit margins; again, creating more layoffs. (Bruce, 2011) It’s a downward spiral. As companies outsource, they eliminate American workers and the managers that keep the production cycle in motion. (Bruce, 2011) For the ethnic worker, illegal immigrants take on blue collar jobs that many