A Quote by James Surowiecki
Being out of a job can erode people's confidence and their sense of possibility; and employers, often unfairly, tend to take long-term unemployment as a signal that something is wrong.
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Unemployment insurance was meant to be a bridge for temporary spells of unemployment. The bad news is all the evidence is that the longer you have unemployment insurance, the longer people stay out of work, their skills erode. The job they ultimately get pays less. And that's not to their benefit.
Policy makers should be compelled to take action given the serious costs of long-term unemployment when overall unemployment is already high. A week of unemployment is worse when it is experienced as part of a longer spell.
Women tend to have a better track record in investing - when they invest - than men do, because they tend to take a longer-term perspective. They tend to trade less. They tend to shift in and out of stocks or mutual funds less often.
If you look at the geographic variation in long-term unemployment, it's really striking. There are pockets where employers don't want to go, but for some reason, in part because of adequate safety nets, people don't want to leave.
Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy.
Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.
Fear is not a motivating factor. You might be able to get a little bit more out of someone in the short term, but you will completely erode your business and your culture in the long term. You're going to lose all your good people. You're not going to have people tell you the truth, and it becomes the tradition.
I've heard the argument that unemployment benefits somehow act as a disincentive to the long-term unemployed when it comes to looking for work, but the opposite is true. Unemployment Insurance serves as a powerful incentive for people to keep searching for jobs, rather than drop out of the labor force altogether.
Some good employers provide people benefits. Many do not. The ones that do not tend to be the low end of the pay scale. This program will give those employers a way to support their employees. The employees will get this benefit, making it more likely that their employee will come back to them - that's a benefit for the employer over the long term and a benefit for the employee and all the while supporting families in their time of need.
They keep extending these unemployment benefits to the point where people are afraid to go out and get a job, because the job doesn't pay as much as the unemployment benefit does.
I want to take a long-term view. Being distracted by short term things can be dangerous when you are making cold, calm, long-term decisions.
Risks are a measure of people. People who won't take them are trying to preserve what they have. People who do take them often end up having more. Some risks have a future, and some people call them wrong. But being right may be like walking backwards proving where you've been. Being wrong isn't in the future, or in the past. Being wrong isn't anywhere but being here. Best place to be, eh?
What is a fair shot for a job applicant? An interview? Or getting the job? See, with Obama, the opportunity is not what's fair; it's the outcome. He's gonna dictate the outcome. And the premise is that the longest term unemployed person is the one who's been screwed the most. These evil employers have got something against these people that have been out of work the longest. And Obama's here to level that playing field. So if you're out of work longer than anybody else, that's all that matters. You are at the top of the hiring list.
Well, it arose out of two long-term concerns - the first being the possibility of genetic manipulation, nature versus nurture, what constitutes how people get to be how they are.
Employers have decided that having the breadth of knowledge that's associated with a four-year degree is often something they want to see in the people they give that job to.
Take a martial art or a sport, something that gives you a skill, engages the body, and allows you the possibility of being great - or at least being active. You'll find your confidence. Without it, you're nothing. It's the remedy for everything.
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