Comments on: The Unemployment and Jobless Recovery Myth – California Average Underemployment Rate for 2009 at 21 Percent. The Middle Class Destruction through Unemployment Corporate Jargon. http://www.mybudget360.com/the-unemployment-and-jobless-recovery-myth-%e2%80%93-california-average-underemployment-rate-for-2009-at-21-percent-the-middle-class-destruction-through-unemployment-corporate-jargon/ Investing ideas for preserving wealth in a fluctuating market. Thu, 29 Jul 2010 14:34:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: JP Merzetti http://www.mybudget360.com/the-unemployment-and-jobless-recovery-myth-%e2%80%93-california-average-underemployment-rate-for-2009-at-21-percent-the-middle-class-destruction-through-unemployment-corporate-jargon/comment-page-1/#comment-19915 JP Merzetti Sat, 13 Mar 2010 18:36:41 +0000 http://www.mybudget360.com/?p=1642#comment-19915 You're right. The oxymoronic notion of the century has to be "jobless" recovery. There can be no "recovery" without jobs. However, if one examines just who it is making those claims of recovery, I"m sure we find that the claimants themselves are indeed, not jobless. Not by a long shot. In fact, if they all, en mass...became jobless tomorrow for the rest of their lives, they would no doubt live high off the hog for eternity. (pass the pork, please) I think part of the problem here - goes back to all the plans laid for a jobless economy. Every way possible that could be conceived to create a model of economic activity that required less labor cost, was a boon to the ownership class, and doom for everyone else. Actually having to hire people - is a toxic notion in most boardrooms. Having to hire them and pay competitive American wage rates is the equivalent of high blood pressure and heart failure to the suits, it seems. It says a lot though, doesn't it? That the notion of a "recovery" at all, could be so passionately embraced by the privileged few, while so very many are left out in the cold. But there it is - they've recovered...no-one else has. What amazes me is not only the waste of workers...and their lives. That is after all a moral issue. Beyond that, is the bad management. Chronically unemployed people provide negative returns to the state. (they cost a bit, don't they?) Whereas gainfully employed people pay taxes! (imagine that) Something to think about the next time Uncle shrugs and turns out empty pockets. You’re right. The oxymoronic notion of the century has to be “jobless” recovery. There can be no “recovery” without jobs.
However, if one examines just who it is making those claims of recovery, I”m sure we find that the claimants themselves are indeed, not jobless. Not by a long shot. In fact, if they all, en mass…became jobless tomorrow for the rest of their lives, they would no doubt live high off the hog for eternity. (pass the pork, please)

I think part of the problem here – goes back to all the plans laid for a jobless economy. Every way possible that could be conceived to create a model of economic activity that required less labor cost, was a boon to the ownership class, and doom for everyone else.
Actually having to hire people – is a toxic notion in most boardrooms.
Having to hire them and pay competitive American wage rates is the equivalent of high blood pressure and heart failure to the suits, it seems.

It says a lot though, doesn’t it? That the notion of a “recovery” at all, could be so passionately embraced by the privileged few, while so very many are left out in the cold.
But there it is – they’ve recovered…no-one else has.

What amazes me is not only the waste of workers…and their lives.
That is after all a moral issue.
Beyond that, is the bad management. Chronically unemployed people provide negative returns to the state. (they cost a bit, don’t they?)
Whereas gainfully employed people pay taxes! (imagine that)
Something to think about the next time Uncle shrugs and turns out empty pockets.

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