Economists fear that this recession we are experiencing won't be so forgiving for the unemployed currently. There is even a new term for people who are only reaping benefits of unemployment compensation.
"Call them the new poor: people long accustomed to the comforts of middle-class life who are now relying on public assistance for the first time in their lives — potentially for years to come."
I think there is some validity to this argument. Much like the banks, businesses that are picking up will be more reluctant to hire new workers and are instead most likely going to give more hours to the workers they have retained.
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