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Understanding unemployment: in a free market, unemployment is an unnatural phenomenon. That this condition continues to afflict millions is a consequence of harmful legislation and regulation.(Economics)

The New American

| November 17, 2003 | Sennholz, Hans F. | COPYRIGHT 2003 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Most goods are available at the price of labor. We labor to satisfy our wants and needs which are the demands of the heart, mind and body. While those wants and needs are practically unlimited, labor is scarce. Wherever we are and wherever we look, there is work to be done, work for our subsistence and well-being, for food, shelter, clothing and countless other wants, to build and create, or just to clean and maintain. Labor, though, is scarcer by tar than tools and equipment. Just visit a workshop, factory, office or construction site. There, expensive equipment is used for a few minutes of hours only, standing idle most of the time. Or just walk through the streets of ...

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