Critique of "Poverty on the Economy"

The article, “1.2 million people want a job but aren’t looking” discusses the problem of the job market in America today. It states that there are 1.2 million people who want a job but have stopped looking for work. This statement directly relates to the game that we played in class the day before break. The game illustrated the different situations and factors that have an effect on certain people and their decision to either keep searching for jobs or to not search at all. Some examples of the different factors in the game that influenced people in their job search included whether or not there were fees to search and whether or not unemployment insurance was available. When there was a fee to search for jobs, people were more cautious of how often they decided to search for jobs. Unemployment insurance made people remain jobless longer even when jobs were available. The game demonstrated for us very well how the job market works in real life. These factors are present in our economy and result in ultimately the same outcomes.
I agree with the person who originally reviewed this article when they said that jobs that are open need to be taken in order to produce the maximum amount possible. The businesses that do have positions open are losing some of their prospective output because the efficiency there should be is not possible missing some of the workers needed. We have learned about business’s goal of maximizing profits. Maximizing profits involves producing the right amount of a product at the right price and with the right number of workers producing it. Too many workers can make production less efficient as well as having too few. A happy medium needs to be met by these businesses in order to get on track to get the economy back where it needs to be.
The reviewer of the article also said that the future looks promising with the idea of the baby boomers retiring in order for the new generation of workers to start their work. I think that some of the baby boomers will be able to retire in order for the younger generation to step in. I also read in the article how some workers in the 55 and older bracket will be unable to retire as a result of the economic state as it is now. The older workers who are able to retire will indeed open up job opportunities for those who are looking and will hopefully be a start to getting America’s economy back on its feet and where it needs to be.