“Income growth is zero and employment growth for all intents and purposes is zero,” says Edward Stuart, an economist at Northeastern Illinois University, at Chicago. “People quit looking for work … there’s a discouragement factor.”
If there’s discouragement, there’s certainly despair, as well. Only 1 in 5 unemployed workers are getting any kind of unemployment insurance. Having seen benefits run out, millions have flocked to claim disability insurance from the Social Security Administration, in order to get up to $1,300 a month for being too stressed or pained to work. Food stamp participation is at historic levels, all of which is feeding an economic carousel: There’s precious little money for Americans to spend, so therefore no growth, and few jobs.
Christian Science Monitor
Re-hope.
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