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If You Lose Your Job, All You Have To Do Is Get Another One In Our "Wonderful" Economy
The US Bureau of Labor Statistics has reported a low unemployment rate for years. Behind these reports are articles about 50 percent of all young blacks in the inner city unemployed and another story about 33 percent of all who lost their job after age 55 never finding another. A local church bulletin carried this scripture for a long time – “Success reaches Social Security age before having to file for bankruptcy. The Consumer Bankruptcy Project found that the rate at which older Americans – those 65 or older – filed for bankruptcy increased 213 percent between 1991 and 2001. The steepest increase in Chapter 7 filings occurred among people older than 55. In 2002, the percentage of Americans older than 45 who entered bankruptcy reached 39 percent up from 27 percent in 1994, the study found.
Another report says that 47 percent of all small business owners have maxed out their credit cards trying to keep their business afloat in an economic arena of unfair trade. Many ended up incurring usury rates of up to 35 percent interest. Apparently many bankruptcies are not based on just consumer overspending but basic survival. Today, many who believed in the Free Enterprise system and the American Dream must take a bankruptcy education course before filing for bankruptcy. This new law was approved by politicians with many being “double” receiving both salary and retirement income while in the private sector must take this course after being in business for many years.
However, the most striking counter-statistic is this. Only about 40 percent of all workers in the United States qualify for unemployment insurance. The other 60 percent are in some kind of economic limbo. They either don’t work long enough at one job or make enough money in any given period to qualify. (We also don’t know how it all adds up with some people working up to four jobs at once. It looks like the BLS reports that one job equals one worker. )
The Bureau of Labor Statistics stops using the unemployment bureaus in its reporting because of this. Which leaves us with this final conclusion. We don’t need conspiracy theories to know that the unemployment reporting system is a managed system and a single mother who earns only $100 a month is considered employed. This would have been laughable during the 1970s. Then the laughter would turn to something more serious and a Congressional hearing would be called. Now in the current economic arena, nothing is being done to expose this terrible void.
The BSL finally admitted about five years ago that many are missing in action some kind of reporting giving up on looking for work. They put this figure at only 4 million while the streets tell us it must be much more than just 4 million. Hurricane Katrina in News Orleans exposed a vast underclass living in silent depression. The same could apply throughout our country.
It is difficult to find out that many many jobs are full time. From what we’ve studied, only about 88 million jobs are full-time, which confirms that there is an economic limbo out there with a workforce of at least double that number. Studying the way the unemployment rate is collected is another story.
Reportedly, the BSL obtains its results through a random statistical call of 50,000 households per month.
The person answering the phone is asked if they have looked for work in the past month. If they say no, they are counted as employed. If a person says they are helping out in the family business or on the family farm without any pay while they are looking for a regular job, they are also considered employed. We welcome anyone to tell us we’re wrong and we wish we were wrong. The Get America Jobs Forum says that 50 percent of America’s human resources are not being used. The term underemployment has disappeared.
Meanwhile the media keeps telling us how good the economy is with our low unemployment rates. They tell us how well the stock market is doing too. However, at some point, company stock values would increase based on how many people companies could employ while still making a decent profit. Today the stock values are now based on people fired instead of hired. Some American companies now have only about 10 percent of their workforce in America. Stock values rise when lower paid foreign workers are hired. While consumers are shopping their jobs away at places like Walmart.
President Clinton confirmed Free Trade with the passage of NAFTA and GATT trade agreements. President Bush followed by claiming that it was nothing personal because it was just business in getting a Fast Track passed that makes the Executive Branch the CEO of world trade. President Bush tells us that the Mexican workers are coming to the United States to take jobs that Americans will not do. He neglects to tell us that Mexico also reports low unemployment rates and apparently, there are many jobs in Mexico that Mexican workers will not take. The more than 4000 factories that were moved from the United States to Mexico obviously did not help the Mexican economy that much. It created a new working poor class in the United States and a poor working class in Mexico. Now many of these factories are moving out of Mexico to places like China because the Chinese will take jobs that Mexican workers won’t do. The Globalist Free Traders want a world economy without borders. They say it spreads prosperity, but in reality, they spread poverty because there will always be someone who will work for less to descend to the levels of wage slave and even child labor.
Today, we can travel for miles through our cities and see the vacant factories and shops while the government tells us that happy days are here again with the greeters at Walmart welcoming us to spend money on products made in distant places while our local value added economies. were chopped into pieces like relics of another time. Our industry could have won the Second World War and restored local value-added economies in Europe and Asia through the Marshall Plan. In the end, the United States lost World War II fifty years after the battle was over.
For more information, see Tapart News and Art that Talks.
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