Debt Creates Jobs
Posted on July 17, 2009
Filed Under Business Support Services |
Debt is something that we think of as a bad thing. It’s certainly not good to have a lot of debt. However, debt isn’t always terrible. In fact, it has some benefits. One of the biggest benefits is that debt creates jobs. In fact, an entire industry of new jobs has been created as a direct result of the fact that people in America are in so much debt today.
Debt collectors are an obvious example of people who are employed because debt exists. The more people there are in debt, the more jobs there are for people who can help to collect on that debt. The people who call your office to remind you that your bills are due may be annoying but they need jobs too!
Not all jobs resulting from debt are jobs that exploit people’s debt problems. Some jobs have been created to help people who are in debt. Debt consulting services are able to operate because of the fact that there are a lot of people in debt who need help figuring out what to do with their financial problems. This is a job that didn’t exist when people didn’t have so much debt but it’s sure an important job today!
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