Whether ideologically or politically motivated, economists and politicians on both sides of the aisle have been debating as to the reason for the falling labor participation rate.
There is a complete disconnect in Washington from the quiet desperation of American lives. While politicians chatter talking points and claim lobbyists' agendas are somehow sane economic and labor policy, a full 23% of Americans have been fired in the last four years.
Nothing has been done to address the rapid increase of citizens in poverty. That would require jobs. The only jobs those in power produce are for themselves and their cronies. The Happy New Year Edition (with some good news about 2011)
Michael Collins The Money Party. Lots of fiddling while Rome and the rest of the world burned. Knowledge is power and among the ruling elite in the United States, the power was off. Somebody forgot to pay the bill or paid with a bad check, no doubt.
A Decade of Job Stagnation In 2000, 135 million citizens were employed. In 2010 there were 139 million Americans employed. Given the 9.7% increase in population since 2000, we would expect to see at least 148 million citizens with jobs. Nobody much wants to talk about this or the true unemployment figures produced by the US Census called "U6". That measure accounts for, "Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force." Bureau of Labor Statistics
The New York Times proclaimed corporate profits were the highest on record in Q3 2010. As a result a flurry of reports are wondering why the hell corporations are not hiring American workers?
Remember the 99ers in this 60 Minutes report? People with PhDs, Masters degrees, hard working, highly trained and educated, years of quality work experience.....who cannot find a job?
60 Minutes has a segment on the unemployed who are not getting a job. They called it The 99ers, meaning those who are about to fall off the unemployed count, or already have. That's right, over 99 weeks and they cannot find a job. Watch below and realize:
A New York Times article headline flashes Contesting Jobless Claims Becomes a Boom Industry. Yup, that's right, corporations fire people and then hire attorneys, who are assuredly expensive, just to deny you your merger unemployment check.
With a client list that reads like a roster of Fortune 500 firms, a little-known company with an odd name, the Talx Corporation, has come to dominate a thriving industry: helping employers process — and fight — unemployment claims.
Talx, which emerged from obscurity over the last eight years, says it handles more than 30 percent of the nation’s requests for jobless benefits. Pledging to save employers money in part by contesting claims, Talx helps them decide which applications to resist and how to mount effective appeals.
The Money Party. Lots of fiddling while Rome and the rest of the world burned. Knowledge is power and among the ruling elite in the United States, the power was off. Somebody forgot to pay the bill or paid with a bad check, no doubt.
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