Question
explain why workers might choose to remain with GM as paid volunteers (giving up a right to continued employment but assisting in keeping the firm
explain why workers might choose to remain with GM as paid volunteers (giving up a right to continued employment but assisting in keeping the firm afloat), rather than being laid off (without the obligation to work but eligible for unemployment benefits) during a recessionary downturn. Your perspective focuses on the economic causes of a decision that apparently ignores economic incentives (including paid labor with another local firm, unemployment benefits, and relocation). You assume that your audience is not composed of experts in economic topics.
Include explanations of:
- The nature of unemployment
- The effect of business cycles on unemployment
- Unequal burdens
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