Misery loves company, and there's plenty of it for the jobless.
One billion people. Unlike the United States, most countries afflicted by the phenom of too many workers and not enough work, are too poor or too unenlightened socially to offer insurance benefits while those who received pink slips seek fresh jobs. Misery may love company, but it's better to be miserable in the US than in some poor, struggling developing nation. The ramifications of the Asian economic crisis are blamed by the International Labor Organization for the loss of 20 million jobs since its previous count. What is of special concern to this UN agency is the potential effect of the current economic decline on the outlook for future jobs.