The CARES Act, Part 2
Any time you give things away but don’t give it to everyone, it’s going to cause conflict. This is the basic economic problem, right? How do we allocate scarce resources between people with infinite wants?
unemployment
Unemployment
If you don’t think about it, your first instinct may be that anyone without a job is unemployed. If you do think about it, it gets complicated quickly. Okay, the concept is still simple, you just have to divide the the number of “unemployed” by the “labor force”, and that gets you the unemployment rate. Defining those terms is where it gets tricky.