HOW HIGH WILL UN -EMPLOYMENT GO IN Y2K?

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WHAT happens if un-employment hits-say 25%? will bankruptcies be allowed,will UN-LAWFUL debt-collectors go crazy?--will un-empl. compesation still function?---is this O.T.?

-- will this be deleated? (dogs@zianet.com), September 28, 1999

Answers

Good question Al-D, makes me wonder, would the government be able to still pay full unemployment benefits for that many people?

Knowing the way they work, they would probably put new limitations on it, or start creating a lot more low-wage government jobs so they could get more people on their side.

Of course if the entire economy collapses and the Treasury defaults then they won't pay any unemployment. Hmmmm... we'll just have to wait and see.

-- @ (@@@.@), September 28, 1999.


will the govt. send the un-empl. off too y2k-repair camps- you know sorta like enforced-volunteers, n.w.o.-slave-labor?

-- just-a-wondering/? (dogs@zianet.com), September 28, 1999.

I wouldn't be suprised to see a new Y2K government jobs program for all the stuff that will have to be done manually. Of course most of us don't know how to fix computers but they may need a lot of extra people to do simple things like process paperwork by hand, roadwork, garbage cleanup, etc. etc.

-- @ (@@@.@), September 28, 1999.

Given the fact that half of the SME's are doing nothing, and they provide half the jobs in this country, I would expect that by the end of the first quarter of '00, unemployment could very well be in the 20-25% range. The government will most likely resort to some sort of voucher system for unemployment compensation. During the 30's depression there was some sort of relief legislated by Congress in regards to mortgages, I do believe. Someone will correct me if I'm wrong on that, but I'm sure I read that somewhere...((I wasn't around))

It's hard telling what government will do...they may not be in much of a position to do anything! We can only hope such is the case. Government help is like no help at all. Consider the victims of Floyd or any other disaster. Government pats themselves on the back for providing relief to these poor folks...yeah right! Give them a low interest loan. These people have lost everything. They cannot repay a loan, low interest or otherwise! What they need is a grant. We can give away billions to foreign nations in the name of humanitarianism, but our own people get what? Loans!

-- Don Wegner (donfmwyo@earthlink.net), September 28, 1999.


BEST case--15 to 30%

-- CygnusXI (noburnt@toast.net), September 28, 1999.


Rumor has it that the gov'ment already has anti -foreclosure and anti-eviction legislation drawn up and ready to enact.I think you'll see rationing like WWII and jobs programs like during the depression.Lots of jobs in mass transit as gov'ment expands it to compensate for heavily rationed and very expensive ( 8 dollars a gal?) gas. Lots of former day traders, insurance and car salesmen driving busses. I think you'll see a renewed draft as the gov'ment drafts thousands of unemployed young people to enforce martial law and keep the lids on the cities.

-- Ralph Kramden (and@awaywego.com), September 28, 1999.

I hate to be morbid and off-topic but I think the influenzas, resurgence of bubonic plague and other virulent and deadly illnesses will take care of much of the unemployment. Or at least, much of the desire to *gripe* about unemployment.

The Freak.

Opps. I revealed too much. Forget I said anything.

-- Typhonblue (typhonblue@hotmail.com), September 28, 1999.


Note that unemployment figures only measure those who are still eligible for unemployment benefits.

A serious Y2K multi-year depression will mean that at any one time the unemployed will not count on government reports.

Also, if you were a highly paid computer programmer and became a subsistence horseshoe maker you will still be employed.

A better measure of the economy would be Gross Domestic Product imho.

-- cgbg jr (cgbgjr@webtv.net), September 28, 1999.


Note that unemployment figures only measure those who are still eligible for unemployment benefits.

A serious Y2K multi-year depression will mean that at any one time the majority of the unemployed will not count on government reports.

Also, if you were a highly paid computer programmer and became a subsistence horseshoe maker you will still be employed.

A better measure of the economy would be Gross Domestic Product imho.

-- cgbg jr (cgbgjr@webtv.net), September 28, 1999.


I would expect to see a resurgence in CCC type camps, and WPA type jobs, except, NOW the laborers that we would be employing are NO WHERE NEAR as skilled as the CCC and WPA laborers in the 30's so we won't see the great construction details and great projects we have left from the 30's.

Chuck

-- Chuck, a night driver (rienzoo@en.com), September 28, 1999.



Chuck,

I am admittedly ignorant about the 30's since I wasn't there. Just curious, what do CCC and WPA stand for?

-- @ (@@@.@), September 28, 1999.


CCC = Civilian Conservation Corps

WPA = Works Progress Administration

BOth (and others with similar initial sets were used to place honest, hardworking folk back at work, doing projects that maybe weren't ABSOLUTELY needed but gave people too proud totake a handout and get them subsistence wages for them and their families. C

-- Chuck, a night driver (rienzoo@en.com), September 28, 1999.


Thanks Chuck,

Yeah, that's kinda what I figure the gubmint will do next year too, rather than pay a lot of unemp for people to sit on their ass. I'd rather keep busy, even if it is menial work.

-- @ (@@@.@), September 28, 1999.


50% chance of 10-20% unemployment

30% chance of >10%

20% chance of greater than 20%

-- coprolith (coprolith@rocketship.com), September 28, 1999.


50% chance of 10-20% unemployment

30% chance of <10%

20% chance of greater than 20%

-- coprolith (coprolith@rocketship.com), September 28, 1999.



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