While some people are certainly seeing economic benefits, many others are unemployed, underemployed, without health insurance and struggling to make ends meet.
Sentiment: NEGATIVE
Being unemployed is even more disastrous for individuals than you'd expect. Aside from the obvious harm - poverty, difficulty paying off debts - it seems to directly affect people's health, particularly that of older workers.
Being unemployed has so many real and palpable ramifications but there are also psychological side effects which you can only understand if you've truly lived through it.
Millions of Americans are either underemployed or unemployed.
Prolonged unemployment is a tragedy of broken lives, broken families, foreclosed homes, and life without health insurance.
More people on unemployment benefits is not success in America, fewer people on not because we kicked them off but because they have been able to get a job in the private sector, because government got out of the way.
Without in any way minimising the economic and psychological blow that people experience when they lose their jobs, the unemployed in affluent countries still have a safety net, in the form of social security payments, and usually free healthcare and free education for their children. They also have sanitation and safe drinking water.
Jobs are disappearing from every sector of the economy, from engineering to health care workers, forcing hundreds of thousands of families into unemployment and low-paying jobs.
Fortunately, problems are an everyday part of our life. Consider this: If there were no problems, most of us would be unemployed.
When more and more people are thrown out of work, unemployment results.
I've heard the argument that unemployment benefits somehow act as a disincentive to the long-term unemployed when it comes to looking for work, but the opposite is true. Unemployment Insurance serves as a powerful incentive for people to keep searching for jobs, rather than drop out of the labor force altogether.