The ADP report on unemployment looks terrible: private sector hiring mostly stagnant overall. Here is the detailed report that paints many pretty pictures of what a double dip looks like.
Media reports will again speak of unemployment as if it were some kind of ghostly vapor that mysteriously sinks upon an economy, the same way that people used to think about the plague and then seek to cure it with spells, canon blasts, or bleeding. Unemployment at this stage in the cycle has clear roots in the hampering of free enterprise: regulatory burdens on business, antitrust interventions, mandated benefits, the push to mandate health care coverage, high taxes, labor market interventions like minimum wages and child-labor laws, unstable investment environment, as well as overall regime uncertainty. See Out of Work.
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I’ve been out of work for almost a year now and I am happy, this unemployment period is the happiest period in my life and I never want to work again for the rest of my life and I don’t care about the consequences. Employment is slavery.
10 Reason You Should Never Get A Job
http://www.stevepavlina.com/blog/2006/07/10-reasons-you-should-never-get-a-job/
LOLWUT?
“You only get paid a fraction of the real value you generate. Your real salary may be more than triple what you’re paid, but most of that money you’ll never see. It goes straight into other people’s pockets.”
How does he know the real salary? This doesn’t even make sense.
The key word is “may be”. What he implies is that the money you take home “might” be three times less than the total value you generate. The rest of the money that you don’t take home goes into the form of income taxes, hidden taxes that the employer must pay, profits the employer takes etc.
If you work for yourself in your own self-owned business, you can pay less taxes and take more profits for yourself.
Yeah, as in that may be a load of hornswaggle.
I can just see it now, the aftermath of the masses’ enlightenment that no one should ever work.
Move to the new boom town – Washington DC -new job creation, rising wages- even house prices are rising!
How apropos that we see job growth declining for the month where political debate on spending cuts was so prevalent, painting a clear picture for Americans that nothing would ever be done to stop the exponential increase in the federal deficit. Cause and affect? I have to think so.
Child Labor Laws???????????????!!!!!!!!!!!!!!!!!!!!!!! Really? My goodness now the mystery is solved, unemployment is too high because we let children lounge around school instead of working to support the Consumerist Society. Really, if the root causes of unemployment that you share above are the true causes, then the Bush Junior years would have been boom times. Almost everyone of those burdens on business you cite were lifted or at least reduced in those 8 years. However, instead of the boom times that should have come with enormous job growth, the Bush Junior years were some of the worst job growth numbers in American history. How do you explain that FACT. I am a long time libertarian, but that does not mean that wholesale deregulation is the answer, after all what the Bush Junior years did prove was that unregulated business would take advantage of the average Americans, loot the system and then come begging to the taxpayers to bail them out…but with no strings attached, like regulation mind you. C’mon, reality is the key to solving these problems & , in the summer of 2008 as the Republicans saw their regime losing, they appeared to run for the doors with bags of money. Remember TARP is a Republican creation demanded by Bush Junior on his exit.
Is this a joke or something?
All Bush was trying to do was prevent a collapse of our monetary system. What is our monetary system? Every time someone takes out a loan from a bank using the magic of fractional reserve banking, the money supply increases. Initially this creates a boom and everyone feels great. The problem is that the principle of the loan circulates through the economy, but the amount to pay off the interest never does unless there are new loans taken out so that new principle pays the old interest. When this system becomes exhausted and people, companies, and governments default the money supply goes down and banks end up owning your house, the factory, and the choicest assets of the government.
The Republicans are as much captives in the system as Democrats are. Not to defend the Republicans, but if you look closely most of the Wall Street financiers give overwhelmingly to Democrats. By the nature of our monetary system it invites crashes and rampant corruption and abuse. The richest people in the world are Democrats and they mostly got that way through the financial system.
For more info on how this all works:
Money as Debt 2 Promises Unleashed: http://www.youtube.com/watch?v=_doYllBk5No
The Money Masters: http://www.youtube.com/watch?v=lXb-LrVkuwM
I understand how it works….I just resented the right-wing corporate talking points. I hold the Christian Science Monitor to a higher standard than most publications.
I agree. CSM’s economic “reportage” bloggage is really dismal trash compared to it’s international news coverage.
This wasn’t an article, it was just right-wing corporate talking points. Shame on CSM for even printing this tripe that has no basis in reality, it’s just disproven Heritage Foundation memes that I would expect from Fox commentators. Freshmen macro and micro economics presented a better picture of reality, the writer should either take both courses again or for the first time.
Amen to ARW and JEB.
This article is actually quite funny:
The writer talks condescendingly of folk remedies from the days of the plague, then proceeds to list no less than nine random factors as the “clear roots” of unemployment, only one of which is clearly specific to this moment in the national conversation.
Do you suppose he was even aware of how silly that was?
He’s considered an authority in his field of economic theory. A discredited theory that he keeps promoting regardless of the overwhelming evidence against it. There are multiple discredited theories, but there’s money behind this one.
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