The unemployed have skills and training that are not being utilised in production. National income and production could grow, if these people were gainfully working. Most of the unemployed receive transfer payments from the Federal government (the ''dole''). With approximately 800,000 people unemployed, this represents a large outlay from the Federal Budget, money that could be utilised elsewhere. Unemployment represents a private cost to those directly effected by it; a loss of income, and if unemployment is long term, a potential loss of skills as well. Unemployment is also a social cost to our community. Unemployment is associated with higher levels of family breakdowns, alcohol and drug abuse, and suicide. High levels of unemployment increases the level of income inequality in Australia. Many social commentators are concerned that an underclass of long term unemployed is developing in this country. These people, who also include those who are employed on a short-term, casual basis in poorly paying jobs (the ''working poor'') are critical of the wealth of the elite, professional groups in our society, who are in the richest 10% of all income earners. |