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America's Big Speed-Up: No Wonder the Jobless Rate is Staying at Depression Levels

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America's Big Speed-Up: No Wonder the Jobless Rate is Staying at Depression Levels

Post by Guest on Tue Aug 02, 2011 11:10 pm

Unless you realize that this is the “New Economy,” and like the over-worked employees in Hertz rental offices, managements everywhere--at Hertz, at Merck, and just about everywhere else, knows that their employees are so frightened about losing their jobs that they will work twice as hard, especially if the person in the next office or at the next desk is given the axe.

Another word for what is happening is a speed-up.

Another might be serfdom.

It’s the reason that the economy is staying in a state of depression (not recession, which just refers to the size and direction of the gross domestic product). Instead of hiring more workers as profits rise, companies, which have reportedly piled up an astonishing $1.2 trillion in profits, instead of spending that money are making existing smaller workforces just do more work in the same number of hours (overtime is actually down, and paychecks are shrinking). They are even figuring, “Hey, we’ve got these people working harder for less pay, so why not make them work even harder?” and are laying off even more people, like Merck says it will be doing over the next few years. (If they do spend any of their cash hoards, they spend it abroad in cheap-labor countries, not here in the U.S.)

http://www.thiscantbehappening.net/node/715

Guest
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Re: America's Big Speed-Up: No Wonder the Jobless Rate is Staying at Depression Levels

Post by rprp on Tue Aug 02, 2011 11:25 pm

How sad. I got a taste of that in my last job. I had been out of the workforce for a while and did not realize that what I walked into was the "speed up." I thought it was a way to just abuse people. They were tricky and set up quotas with weekly reviews and a well-defined termination plan. I knew I could not make my quotas without having a problem (won't get into specifics) so I quit. I thought it would look better than getting fired and the way they set it up it would not have been via one of those "through no fault of my own" situations, as they had covered their bases. IOW, UI was never an option for me.

Something has to give. I don't know when, I don't know how. But it will.

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Re: America's Big Speed-Up: No Wonder the Jobless Rate is Staying at Depression Levels

Post by jmainframe on Wed Aug 03, 2011 4:30 am

This is yet another part of the ecomomy that is broken in this country. Add it to energy and health care among other things that are left unchecked and spinning out of control.

IMHO, it's not only unethical what these greedy, money-hoarding corporations are doing (and it's spreading to smaller businesses), but it should be illegal as well. Unfortunately, as long as congress continues to be in the pocket of these filthy entities, nothing will ever get done to compel them to increase their workforces with American workers.

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Re: America's Big Speed-Up: No Wonder the Jobless Rate is Staying at Depression Levels

Post by TR11005 on Wed Aug 03, 2011 9:15 am

A must read article. May the class war begin!

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Re: America's Big Speed-Up: No Wonder the Jobless Rate is Staying at Depression Levels

Post by Sponsored content Today at 11:09 am


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