The Economy Works in Strange Ways
It is really fascinating to watch the economy work. Hurricanes Katrina and Rita have put 478,000 people out of work! That is an enormous amount of unemployed people just from two natural disasters! However, many individuals will eventually get rich from the disasters! Think about it, will the entire city of New Orleans have to be rebuilt? Of course it will, and who will do it? Private contractors, masons, concrete companies, sanitation companies, architects, engineers, business men, insurance companies, etc. Can you imagine the amount of work that will be required to put that city back together? Not all of the 478,000 people currently unemployed will get a job with one of these companies coming into New Orleans to rebuild it, but many will. The economy will rebound, unemployment will fall, and New Orleans will be a beautiful city again!
Posted by Logan at 10/21/2005 03:16:00 PM