Unemployment is at an unprecedented low. It was recently reported that employers cut another 20,000 jobs last month alone. However, the unemployment rate has dropped from a 10% to a 9.7 percent, a small victory in this Great Recession.
If he were alive today, John Locke would never approve of such a high unemployment rate. Where he believes that labor is the aim of life, profit and staying afloat in this choppy economy is the faith of today's employers. Labor is an integral part of living well, and without jobs it makes it just a tad harder than usual to do so.
Another small victory for Americans is the spike in people with jobs last month. An increase of 514,000 Americans with jobs was reported for last month. Of course, certain “adjustments” had to be made to this calculation before declaring it as an increase in employed Americans, otherwise it would be reported decrease. Leave it to the “adjustments” to make the future seem less bleak. Locke is probably rolling in his grave to hear about such a large amount of people unable to work and earn a living. Labor market has seen better days and without an end in sight we have no choice but to keep looking, and keep labor as a high priority.
Source:http://www.dailyherald.com/story/?id=357023
Subscribe to:
Post Comments (Atom)
I agree with you that Locke would not approve of such a high unemployment rate. Maybe we didn't learn of this in our readings but i would say that Locke only believed that we own something through the means of labor. I understand your argument and you are correct. I have other views on how Locke would view this situation. I think Locke would say that for those people who "waste" their labor, should give to those who need to work. As long as all those people who are employed do not waste, it is ok for them to labor and get all the money they can.
ReplyDelete