Editing Layoff (section)

===Effects of layoffs in the American economy===

Layoffs create lower job security overall, and an increased competitiveness for available and opening positions. Layoffs have generally two major effects on the [[Economy of the United States|economy]] and [[stockholders]]. The way layoffs affect the economy varies from the industry that is doing the layoffs and the size of the layoff. If an industry that employs a majority of a [[region]] (freight in the northeast for example) suffers and has to lay employees off, there will be mass unemployment in an economically rich area. This can have leave [[ripple effect]]s nationwide. Unemployment is the biggest effect on the economy that can come from layoffs.