Suctional unemployment is that portion of unemployment attributable to the hoarding of jobs or hours of work. When unemployment is high or the cost of job loss is perceived to be excessive, people will hang on to the job they have even though the work doesn't allow them to fully use or develop their skills and they will work more hours than they would like to as a cushion against the fearful prospect of future unemployment. Suctional unemployment thus contributes to total unemployment in two ways -- by artificially limiting the distribution of existing work and by imposing an efficiency loss on industry. As every good economist knows, there is no such thing as suctional unemployment, as for alchemists there was no such thing as oxygen, though they breathed the stuff shamelessly. Regards, Tom Walker ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ #408 1035 Pacific St. Vancouver, B.C. V6E 4G7 [EMAIL PROTECTED] (604) 669-3286 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ The TimeWork Web: http://www.vcn.bc.ca/timework/
