When you see the unemployment stats on a news program, do you stop and ask yourself if they are true? The numbers keep going down but the economy – and job availability – doesn’t seem to be improving. What I believe you see happening is people run out of unemployment benefits and top off the scope. The unemployment numbers only show who is applying for benefits, not who is actually unemployed.
There is this article that talks about the REAL unemployment rate that the federal government would like to keep quiet because it makes the administration look very bad when the President stands up and proudly proclaims his efforts are working. Also, after the curious thing that happened around the time of the last Presidential election and questions of the unemployment numbers being manipulated, do you trust the government?
It’s not getting any better and things are going to get a lot worse in-between sequestration and Obamacare – both of which are Pres. Obama’s ideas regardless of how much he’s trying to blame republicans for sequestration.
As bad as unemployment is, terminal unemployment, the idea of people never being employed again should be even more scary. There is this article and this quotation the article uses . . . .
This long-term unemployment is a huge economic waste. For people who have been out of work for a long time become very unattractive to employers and easily get excluded from the world of work. So it often happens that employers feel a shortage of labour even when there are many people long-term unemployed, with the result that inflation rises even in the presence of mass unemployment.
Thus a major objective must be to reduce or eliminate the long-term unemployment caused by welfare dependency. There are two possible approaches – “stick” and “carrot”. The evidence suggests that much the best approach is a combination of the two. This combined approach is now being used increasingly in Britain, Denmark, the Netherlands and of course in the U.S. for single mothers on welfare. In consequence in these countries there have been dramatic falls in unemployment consistent with a given level of vacancies – which in most other countries continues to rise.
For those that terminally unemployed, it’s not like they want to be that way and the most dedicated don’t give up looking, but it’s a “buyers” market. There is one fact that offers some consolation. Back in the late 90’s the number of people available to fill jobs was so low that older people, retired people were being encouraged to re-join the workforce. There is a saying in the midwest, “Don’t like the weather? Wait six hours and it will change”. The way it is now will change, but not before it gets worse.
If you study history and have read of the years of the Great Depression you know of the social unrest that almost boiled over into civil war, the haves and have nots. But two things saved the country and that was the ability to migrate west and the introduction of Social Security. The words “Social Security” are important as they mean security of the social order and meant to avoid something like the French Revolution and almost endless years of horror and anarchy that only ended with the rise of Napoleon.
FDR was a very astute man but our leaders today only seem to be able to follow in the tracks of those that came before and slap a band-aid on a problem without understanding how to fix it. The initial stimulus when Obama first became President was bungled and it hasn’t got any better. So the answer is welfare – pay people to be marginally satisfied and hope the economy gets better.
So fewer jobs, stagnate economic growth and a government that is out of touch and uneducated in economics but means well – sounds like the Carter years doesn’t it?.
And now we have more people. Is it any wonder the welfare state will continue to grow till some cataclysm strikes and kills millions, if not billions of people? If humanity can’t take care of itself, nature will step up.