Some, who have jobs, look dispassionately at national and international unemployment figures and simply hope those statistics don't absorb them. Because it is a frightful prospect.
The implications are:
- the loss of health insurance
- the loss of ordinary household and car insurance
- the loss of one's home or current residence in favour of, well, an inferior place to live.
It is the third implication that is possibly the most worrying. Having to move after one has lost one's job is disruptive and expensive enough. Other than that, chances are you're moving into a neighborhood where the locals have similar prospects, and are perhaps similarly unemployment. Worse still, security levels are worse because advanced security is too expensive. In South Africa household robberies have shot up by a third.
In short, losing your job simply makes you more vulnerable to the forces of attrition. And these forces are multiplying.
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