Tuesday, November 04, 2014

Abolish Employment

This week we will be getting the employment numbers. The unemployment rate is expected to stay steady or even drop which is comical given that we have 92 million Americans not working today and another 19 million that are fully unemployed.
Those not in the labor force continues to grow beyond the basic changes in demographics.  This topic rarely receives any coverage since those not working largely have no funds to back lobbying groups or to put ads out in the media.  Yet we can see this dissatisfaction when Americans are asked about their views on the economy.  The majority think the economy is doing poorly and this is expected given the underlying numbers.
 You have young Americans going to college and many are coming out to low wage jobs and hefty student loans.
 In the last 4 years alone we have added 12 million Americans to the not in the labor force category.  This measure is used to calculate the unemployment rate and given this group is not factored in, the unemployment rate looks much better than it truly is.
 The oxymoron that we have is we have a labor force that is largely not doing labor.

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This is capitalism, let us not forget! Why should we expect any different from a system which has profit at the top of its agenda with labor only as a means of achieving those profits for the few? The answer lies in labor's hands - work together in solidarity to achieve the abolition of the current system in favour of egalitarianism, a system of common ownership and equal access which works for us all, socialism.
JS


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