FC: The Case of the Disappearing Jobs By: Amye, Brooke, Sierra, Presley
1: People lose their jobs when they are supplying something that consumers won't buy. The people that lose their jobs need to find new jobs, jobs that are supplying things that consumers will buy.
2: This case is about people losing their jobs because they work for private companies. It is an issue because large groups of people are losing their jobs therefore they cannot support themselves or their families and it lowers their quality of life. The government is not involved because the company is privately owned. The people involved think that the government needs to get involved by buying and running privately owned factories that would otherwise close so large groups of people won't lose their jobs. By getting more involved the government will have more control and decision making about jobs.
4: Individuals own the company's and factories that hire the workers and they are the ones who are shutting them down. When they shut down, people lose their jobs.
5: "Governments should consider jobs a public good, like education, and take action where required." "Private companies respond to consumer demand with creativity and determination, and that creates more and better jobs for everyone." Article on Page 227 in Textbook.
6: Mixed economists think that the government should get more involved in decision making about jobs and think about jobs as a public good, and take action when required.
7: Market economists think that the government should stay out of decision making regarding jobs because it is not a business and does not know the market. It also says the governments actions to create and protect jobs ends up costing everyone more money through taxes and lost opportunities.