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4. Unemployment Staying Strong
Official unemployment has been stuck above 8 percent for years, and is going down only slowly, but as Doug Rushkoff asked, who wants a job anyway? Capitalism isn’t just about the nine to five, it’s about the wealth creation. High unemployment could actually be good news.
Among the mostly useless and interventionist provisions in President Barack Obama’s JOBS Act (remember that?), there was one uncharacteristically good idea: allowing people to use their unemployment benefits as start-up capital for a small business.
If government dropped the pretense it can do anything to “create jobs” and stopped meddling with the economy, the workforce might catch up to the technology.
There’s a wealth of creative power in the country. It's being constricted by 20th century regulations and outdated entitlement programs young people aren’t interested in anyway. Unemployed doesn't have to mean dead-beat!