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ALLOCATION EFFECT: The goal of imposing taxes to change the allocation of resources, that is, to discourage the production, consumption, or exchange or one type of good usually in favor of another. This is one of two reasons that governments impose taxes. The other reason is the revenue effect. Because people would rather not pay taxes, taxes create disincentives to produce, consume, and exchange. If society deems that less of a particular good, such as alcohol, pollution, or cigarettes are "bad," then a tax can reduce its production and consumption, and thus change the allocation of resources.
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                           UNEMPLOYED PERSONS: People who are NOT actively engaged in the production of goods and services, but ARE actively seeking employment in the production of goods and services. This is one of three official categories used to classify individuals by the Bureau of Labor Statistics (BLS) based on information obtained from the Current Population Survey. The other two categories are employed persons and not in the labor force. The sum of employed persons and unemployed persons constitute the civilian labor force. While the general notion of unemployed persons is people who are willing and able to work, but not working, the Bureau of Labor Statistics (BLS) has specific criteria designed to capture unemployment.Two CriteriaThe BLS places people in the unemployed persons category if they satisfy either of two criteria during the reference week established for the Current Population Survey: (1) not working, but looking for work or (2) waiting to be recalled, but not looking for work.- Unemployed and Looking: The criterion capturing the vast majority of unemployed persons is being out of work and actively seeking employment. Specifically this criterion includes anyone who was not employed during the reference week, was available for work, and had undertaken some sort of effort to find employment, such as having job interviews, contacting employers, sending out resumes, checking classified advertisements, or visiting employment agencies. An unemployed person actually need not make a great deal of effort to satisfy the condition of "actively seeking employment." A little bit of search effort is all that is needed.
- Laid Off and Not Looking: The second criterion that captures unemployed persons is waiting to be recalled to a job from which a person has been temporarily laid off. The prime example is that of a factory that, in response to a drop in sales, cuts back production by temporarily laying off some or all of its workforce. Once sales increase, then most or all of these workers will be recalled to resume their previous jobs. The key is that these workers need not actively seek other employment to be considered as unemployed persons.
Two Examples- Phoebe Pankovic, Unemployed and Looking: Phoebe Pankovic was once a paid employee of Quadra DG Computer Works, working as an assistant to Preston Pumpernickel. However, she was not a very good worker. So Phoebe was fired. Phoebe has been frantically searching for other employment. She scans the want ads, sends resumes to prospective employers, and has been on several job interviews. Her job searching efforts are overkill as far as qualifying her for "seeking employment," but she definitely qualifies for the BLS criterion of unemployed and actively seeking employment. Phoebe is an unemployed person.
- Peyton Patterson, Laid Off and Not Looking: Peyton Patterson has been a valued employee of the OmniMotors automobile manufacturing facility for several years. But a downturn in OmniMotors sales has forced the company to lay off 10 percent of its workforce. Peyton is one of those laid off. However, OmniMotors expects business to pick up in a month or so and Peyton will then be called back to work. Peyton is not overly concerned. This sort of thing happens every few years. Peyton is certainly not concerned enough to seek other employment. So he sits around the house most of the time watching television and waiting to be recalled. Peyton qualifies for the BLS laid off and not seeking other employment criterion. Peyton is an unemployed person.
 Recommended Citation:UNEMPLOYED PERSONS, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: February 11, 2025]. Check Out These Related Terms... | | | | | | | | | | | | | | Or For A Little Background... | | | | | | | | | | | And For Further Study... | | | | | | | | | | | | | | | | Related Websites (Will Open in New Window)... | | |
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PINK FADFLY [What's This?]
Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors looking to buy either several magazines on computer software or a T-shirt commemorating the second moon landing. Be on the lookout for strangers with large satchels of used undergarments. Your Complete Scope
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The wealthy industrialist, Andrew Carnegie, was once removed from a London tram because he lacked the money needed for the fare.
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"I can feel guilty about the past, apprehensive about the future, but only in the present can I act." -- Abraham Maslow, Psychologist
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