Sunday, July 17, 2011

How does lack of new jobs and rising health care costs damage the economy?

Let's say employers simply refuse to create new jobs or hire new people. They just place hiring freeze and use every single employee of theirs to do the work of 2 to 3 people. Those people accept the work of 2 to 3 with no pay increase. And then going home those people then drink lot of alcohol (beating wife and pet in some cases, which leads to abusive household environment for kids, etc etc) and smoke a lot due to the excessive stress at work. After health damage of employee, they seek lots of medical treatments and ER visits, which increases health care costs exponentially. So what happens to the economy with no more jobs and dramatically rising health care costs? And is this scenario a possibility, or it will never happen?

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