Wednesday, March 05, 2008

Definition of a Moral Code

There has been an argument over how to account Employment and Unemployment since Carroll Wright first put in the qualification of listing only Those who were actively seeking Work. What is the Definition of seeking Work? I personally know a colleague who was accused of the Crime of not looking for a Job, who after four months sent a 570 page Manuscript to a Publisher; the fact that he received a Rejection Slip only denotes the oppressive nature of the Publishing World (actually, I thought it stunk too!). I have known Labor accounted as not actively seeking Work, who were working 4 Part-Time Jobs totaling 54 hours per Week. I knew Contractors who managed $2-4000 per month based upon non-Paper Contract labor who were not seeking Work. Then there are the individuals like myself, who may or may not pursue active occupations, because the later pays very little. The fact exists the Unemployment rate probably lists only half the actual Unemployed, but the fact remains that Unemployment is not especially dangerous until such time as there is an acute shortage of Income. The true test will always remain the ability of Households to pay the relatively uniform charges existent in Society, and it is here that We are seriously getting into trouble.

Bankruptcy filings may be a good measure of Household Income stability, but also has its own problems. Congressional alteration of bankruptcy regulations may mean less than most people perceive; real Bankruptcy conditions mainly means only a matter of Time before the necessary conditions are met, qualified officials previously eliminating unworthy candidates for bankruptcy. This means that the quality of Judgeship is the primary element for completion of successful bankruptcy Proceedings, and most often, chosen individuals for the bench lack both training and experience for the role demanded. This is the arena in which Congressional action should have impacted, insisting on a mandatory level of training or experience in the area.

Jeff Cornwall points out that Consumer reaction often reacts counter-cyclical to Price, because Consumers adjudge quality of Product and Service according to Price. This might have sway in the discussion of Unemployment and Bankruptcy above. Employers are therefore potentially advantaged by offering higher Wages, and less Benefits, capturing a more sustainable labor force at actually less Cost than a rounded Employment guarantee. At risk debtors may think to maximize their approachable debt prior to bankruptcy filings, believing that the legal procedures will be expedited, they gaining advantage both prior and post bankruptcy filings. How much effect would such behavior possess? I knew an individual who purchased a Summer home/Retirement domicile some eight days prior to filing for bankruptcy, knowing he would be allowed at least one residence, and dumping a $4000/month mortgage on a barn that neither he or his wife liked. Nothing is perfect, and People will naturally corrupt any regulation to their natural advantage; what We need is intelligent definition of the limits of human conduct. lgl

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