We would agree with you completely, with one caveat. One of the risks of work-sharing is you diminish your qualifying hours for unemployment. What usually happens is people go into work-sharing, they lose their hours, and when the work-sharing ends, they become unemployed and don't have enough hours to qualify. That's part of the problem with the system. Given the option, most of our people will take work-sharing than see their friends laid off over the short term, but there is a risk with that.
On February 23rd, 2009. See this statement in context.