Economic 'boom' limited to low-paying jobs

[rawstory]

Found on The Raw Story, http://www.rawstory.com

Baltimore Chronicle
VOODOO EMPLOYMENT ACCOUNTING:
Jobs, Jobs Everywhere and Not a Job to Find
by Norma Sherry

According to the spin, more than 650,000 American workers found employment in the last two months. But there's no mention of how many jobs disappeared during that period, or of how many unemployed people ran out of benefits and are no longer included in the employment statistics.

If you've listened to conservative radio or Fox News lately then you already know the good news. Jobs are aplenty! In fact, according to Rush Limbaugh, Sean Hannity, and President Bush, we are in the midst of a huge boom! According to the spin, more than 650,000 American workers found employment in the last two months. Mighty spectacular, wouldn't you say?

The problem with the numbers, however, is what's wrong with nearly every pronouncement from this administration. It's clothed in a semblance of truth, but it disguises the real facts. The truth is we have more educated, specialized, articulate, unemployed workers than ever in our history. It doesn't consider The Center on Budget and Policy Priorities estimates that 80,000 to 90,000 unemployed become ineligible for unemployment benefits every week and therefore, are no longer counted among the unemployed.

We're not told that we have lost over three million industrial jobs since George Bush took office, nor are we told that since our "recovery" we have lost over a million manufacturing jobs or three million private sector jobs. The fact that the job "boom" was in low-salaried temporary and retail positions has been left out of the explanations for the "good news," or that very few new jobs were in high-paying trades and services.

Full story: http://baltimorechronicle.com/060604Jobs.shtml

[PROGRESSIVE1]

1. Send this to FRODO! The Bush Economy is like that....

of the 1980's, on the surface things are looking better but underneith it all, things are still bad.

The Rich are prospering and the Poor are getting poorer.

[bemildred]

2. Oh, this is much worse than the 80s.

I was there.

[kysrsoze]

10. Bwaaaah! Yeah, I'm sure there's a logical explanation. It's all sunshine

Isn't it?

[TheWatcher]

16. Frodo never seems to show up in threads like this.....

I wonder why?

[struggle4progress]

3. "Thanks for my low pay job! Can I please have two more ...

so I can feed my family?"

[AP]

4. The boom is limited to the corporations hiring low-paid employees.

And it's definitely a buyer's market for labor.

Thanks Mr Bush.

[saracat]

5. Yeah and it's never

configured how many people are working two jobs to stay afloat. Did you know each job is counted ,even if multiple jobs are held by the same person so job growth will look more impressive? So X people were employed even though actual numbers may be one half X !

[wildmanj]

6. jobs

and guess what---when it comes your time to lose that high paying job no one really gives a damn----and you people just thought that MANUFACTURING was not important----the only way a nation or person will make a profit it to TAKE SOMETHING ADD VALUE TO IT AND SELL IT FOR A PROFIT-----all the government workers and paper pusher never did a damn thing to make a profit---you took and took until one day it was all gone and guess what--there are no more dollars in the money tree-----WELCOME MY FRIENDS---my my how the mighty have fallen but its a COLD HARD FACT OF LIFE---sort of like standing in quick sand and guess what no bottom underneath you to slow the decent down

[rocktivity]

7. Clipped this from a New Jersey newspaper over the winter

Please note that only five of the jobs pay more than $31K, and that only four require a bachelor's degree.

:headbang:
rocknation

[abelenkpe]

8. yeah, scary

computer software engineer, computer systems analyst? In India maybe. I know several experienced software engineers who are currently working at lovely places like Starbucks and Barnes and Noble. Those jobs are leaving the country so fast it would be risky to plan living off of those skills.

[tom_paine]

9. This is merely confirmation of the obvious. The Bushevik lie like Soviets

I had already factored in that their Bushevik Imperial Ministry of Employment was also lying at an equally Orwellian level.

WWFMD?

What Would Ferdinand Marcos Do?

[nolabels]

11. If we are smart we wont look economic forcasts either

I remember when they had little cook book burp back in Oct, just so much B.S. from every quarter, how is a person to keep up? Oh well it will all come out in the wash :nopity:

http://www.brookings.edu/views/op-ed/perry20031031.htm
What's Ahead After The GDP's Big Surge

Brookings Institution, October 31, 2003

George L. Perry, Senior Fellow, Economic Studies

The 7.2 percent gain in the third quarter was close enough to expectations that it is no big surprise. Productivity will have another monster quarter and so will profits. Now analysts are looking at the composition and details from the GDP announcement for clues about what lies ahead. Some of them, looking back at false starts during the past couple of years, worry that this will be another one.

Here is how I read the new evidence:

* Because mortgage refinancing and tax cuts helped produce the 6.6 percent gain in consumption in the quarter, some believe consumer spending will now run out of gas. I doubt it. Consumption will slow from this third quarter rate but there is little reason to think it will get so weak as to cripple the expansion. A steady rise in real wages—a welcome contrast to the weak employment picture—has for some time been a less recognized factor behind the strength in consumption and it should continue. Coupled with some long-awaited employment growth and a lagged response to the third quarter cuts, the outlook for the consumer is not bad—moderate growth, not stagnation or decline
(snip)

Btw most here at DU got it correct

[TahitiNut]

12. It's all part of driving down pay for labor in favor of profit for owners

The average worker's compensation for the wealth (s)he creates is the lowest in nearly 40 years. The following graph, based on quarterly BEA figures, doesn't even show the obscenely biased distribution of employee compensation to CEO's and other executives. Fifty years ago, the average CEO earned less than twenty-five times as much as the average employee. CEO compensation in the US is more than 540 times that of an average employee! In Japan, it's 10 times. In Germany, it's 11 times. In Canada, it's 21 times. In Mexico, it's 45 times.

When the inequity in compensation and the reduction in labor compensation is combined with the shift of the tax burden to the shoulders of workers instead of owners or inheritors, we see a full-scale war being waged on working people by the Busholini Cabal.

This is plantation economics: impoverished labor and arrogant elite.



http://blogs.salon.com/0003379/2004/03/14.html
http://www.businessweek.com/careers/content/apr2001/ca20010419_812.htm

[nolabels]

13. See they can do it because they are to point to other countries

who have much less, and say you will be like them if you don't shut up.

"540 times that of an average employee!" is not that much yet, wait till it gets to the thousands of times :crazy:

"Sony (holding royal flush): I raise you $1. Nintendo (holding 4 aces): I'll see your $1 and raise you $2. MS (holding a 7 of clubs): I'll see your $2 and raise you A MILLION BILLION DOLLARS. Sony: Fold. Nintendo: Fold. MS: Mwahahahahahaha."

http://www.miniluv.com/mt/mt-comments.cgi?entry_id=471

[TahitiNut]

14. It's quite an argument for off-shoring CEO jobs, though.

There's absolutely no more overpaid job in the US.

[nolabels]

15. Most of them dudes are worthless and clueless

It's so fun sniffing them out, figuring out their weak points. What I have noticed they don't let others that they can't screw with get to close or near them for that reason. The exclusiveness they surround them selves with is more for the protection of the intimate knowledge of who they really are than anything else. The honest ones I have seen mostly will always be mixing it up and kicking around with us regular folk

http://lyrictracker.com/show.php?id=OTQyNA==
Wouldn't want to be like you
performed by Alan parsons
Viewed 26 times
Submitted 2001-01-01
by lyrictracker.com
Click here to log in.

if i had a mind toi wouldn't wanna think like you
and if i had a time to
i wouldn't wanna talk to you

i don't care
what you do
i wouldn't want to be like you

if i was high class
i wouldn't need a buck to pass
and if i was a fall guy
i wouldn't need no alibi

i don't care
what you do
i wouldn't want to be like you

back on the bottom line
diggin' for a lousy dime
if i hit a mother lode
i'd cover anything that showed

i don't care
what you do
i wouldn't want to be like you
(snip)