This article discusses the potential for an increase in unemployment if the stimulus strategies end. According to the International Labor Organization, further measures must be taken in order to create jobs. Without the stimulus and these efforts, employment is not predicted to ever make a full recovery until 2013. Job losses may have been less than predicted, but this in large part due to the tendency for companies to give employees less hours, with government support, than to fire them. Therefore, the ILO argues that it is essential that we do not end the stimulus prematurely.
1 comment:
This is a very interesting article. It is true that a premature end to this stimulus would render this economy no good. What the American government and their treasury needs right now is to persevere and be consistent with their policies. It is with time that the American economy would correct itself. We should just wait for things to happen at the right time.
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