Why the Rich Love High Unemployment

http://www.truth-out.org/why-rich-love-high-unemployment/1305061465

But when it comes to jobs, US policymakers fall short of their rosy self-evaluations. Despite the second-highest economic growth, Paul Wiseman of the Associated Press (AP)reports:"the U.S. job market remains the group's weakest. U.S. employment bottomed and started growing again a year ago, but there are still 5.4 percent fewer American jobs than in December 2007.

Good article! That productivity thing is a big driver for wallstreet, they tell us that it can't stay up much longer without hiring. I don't believe that either, just look around it will be another low paid temporary that fills in for a few hours here and there.

Of course they love it, they can treat employees like swine, pay them nothing knowing they are less likely to leave.

New contract or temporary jobs are much higher percentage then this article claims. I have seen other articles claiming more temporary jobs then permanent. It is easy double what this article claims. Just like they will not pay overtime or hire permanent until it hurts business. It has nothing to do with , but pure greed and stupid planning.

It is not surprising fact that the rich enjoy a labor surplus. This country was made on cheap labor and once slave labor.

If the companies quit making the same mistakes and letting the bean counters (accountants) run the operation. If more technical workers were in management they would be more technical advanced and not have worry to lay off their skilled help.

disgustedwithgovt wrote:Good article! That productivity thing is a big driver for wallstreet, they tell us that it can't stay up much longer without hiring. I don't believe that either, just look around it will be another low paid temporary that fills in for a few hours here and there.

When 1 person does the work of 5, every minute of an employee's 12 hour day is spent working, and every minute of an employee's time is monitored by management, productivity is going to be very high!

Welcome to the depression-era work environment!

5.4% fewer jobs than 2007. 4 years later and we still have 5.4% fewer jobs but there should be no aid to the. unemployed. I have read articles stating that number at 7.2 and 7.5%, so who knows the real number, but we certainly need improvement.

Now, to get somebody to listen.