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The Economy (How We Can Reduce The Foreclosure and The Unemployment Rate Immediately)
by marcboyajian on Aug 31, 2010
We know that the main reason we are in the current economic situation is due to the real estate mess we have created for ourselves and the job losses we have incurred. We also know that there are very smart people who are handling the situation and we appreciate that; but, there are times when simple people, or an average person like me, may see things the big guys don’t see, due to the magnitude of the problem and their search for a big solution; yet it may be the best possible solution they offer. This, I think, is one of those times and the solution I offer, I hope, will solve the problem.
We are in a serious crisis; as serious as a foreign country attacking us. In times like these, the only way to win is for the nation to come together and each citizen to contribute voluntarily for his country’s defense. The proposal I have is on a voluntary basis and not mandatory. It is important to have safeguards and oversight to prevent abuse by any party involved.
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Recommended Reading
Understanding Classical Unemployment in Different Way
by Evelincseh
One theory to put light into the reason behind rising unemployment rates is the so-called classical unemployment. It is said that when real wages (income of people, institution, or country when factoring in the effects of inflation on the purchasing power) are fixed above the market-clearing level, this results in the number of job-seeking individuals to be more than the actual number of vacant jobs.
In addition, taking into consideration the concept of minimum wage (the lowest possible set wage that an employer can pay an employee) passed by the government to protect the integrity of...
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