Tuesday, September 20, 2011

Frictional Unemployment


Mrs. Wantbetter used to be a nurse but she quited her job and decided to look for another. It is not as easy as she thought since she has been in 'between jobs' state for a year. It is not that she does not have a good access to information about new jobs but she just can't find a satisfying job. However, now she is mad to find out that the government is planning to lower unemployment benefits. It is to make people like her get jobs as soon as possible and to activate the flow of market.But  Mrs. Wantbetter feels like she is being forced. To make it worse, if unemployment benefits are reduced, her son who has just graduated college and is looking for a job, would be forced as well!

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