Tag Archive | "Jobs"

Slowdown: Paychecks Still Thin

This is just a repeated point–repeated because it’s just so obvious, though it seems to escape the grey cells of transcribers of press releases (formerly known as “journalists”) and other analysts.

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Wages Matter

More about this later…many discussions about jobs at the UN but the question that always comes up in my mind: what do those jobs pay? There is a company right there in Bentonville that is happy to create lots of jobs even if people remain in poverty working for Wal-Mart wages.

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The Looming Job Killer Isn’t Regulation/BlahBlah…It’s The Federal Reserve Board

Putting aside the noise that rumbles from the Boehner-McConnell-Fill-In-The-Blank Republican divorced-from-reality view of the economy, who rail about job-killing taxes/regulation/voodoo, the far bigger threat to jobs right now hails from the halls of the Federal Reserve Board. It could, within weeks or months, guarantee that hundreds of thousands of people won’t have a job, and reawaken the deficit-mongering crowd’s call for cuts in government that will hurt millions more.

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On TPP Jobs Claims, The President Gets Four Pinocchios–Biggest Fib Possible–From The Elite Media

So, you really have to work hard at lying or fibbing or misstating the facts to get the traditional media elites to come down hard on you when it comes to so-called “Free trade”. Those elites have been cheerleaders for the rancid NAFTA-style trade deals going back three decades. But, the president has earned it when it comes to his claims about job benefits in the Trans Pacific Partnership: Four Pinocchios, considered “whoppers”, from The Washington Post

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Still A Disconnect

For many months, I’ve been very skeptical about the regular jobs reports that are fairly upbeat in the way they describe the economy. I still feel that way, though the direction is certainly better than say right during the post-financial crisis months.

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The Phony Jobs Report Hype, A Very Sick Economy & Millions of Workers Who Don’t Count

This was almost predictable: the traditional media, and too many bloggers who regurgitate what they read in the traditional media, are buying into the “rebound” in the economy because of today’s Labor Department report; the stock market goes up; and, I’m certain, pretty soon, the White House will be taking credit for all this and, subtly or not so subtly, arguing that, see, aren’t we great, vote for us. It’s nonsense.

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Slipping Away…No Surprise

Certain things I get no pleasure being right about. Like the lack of jobs. But, hey, I said back in July no one should be celebrating short-term hype on the economy. Sure enough…

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A Caution About Jobs

Let’s be cautious about the jobs report. And what lies ahead.

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Apps: The New Job Killers

I’ve always avoided those self-checkout machines because those machines basically cost people their jobs — and it always distresses me that those people who still have jobs in those retail stores encourage people to use the self-checkout lines without perhaps realizing what might happen to their job as a result. And now comes the other job killer: phone apps.

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Job Growth Wheezing

Job growth is allegedly “steady” but unemployment increases — so said the statistics. But, here’s the thing — these stats still miss an important point.

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Nobody Really Talks The Truth On Jobs

It’s not surprising that a growing number of workers around the globe are losing faith in political leaders. After all, the economic debate often seems completely divorced from the realities of workers’ lives, whether it’s blaming workers for national budget squeezes actually caused by bankers or CEOs imposing mass layoffs to cover up obscene executive compensation at the heart of bottom-line revenue shortfalls. The debate in the United States is a good example.

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Growth Not Austerity, Tax Hikes: Why French Socialist Win Is Good for Everyone

     So, it’s not all bad news in the world. Some sanity prevails when real-life economics, not blather about the glories of the "free market", triumphs and one can hope for a bit of truthiness to spread.    First, the good news: President François Hollande’s Socialists and their allies won an absolute majority in runoff […]

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Krugman: “OWS Has Done A Great Service”, Wall St Committed Crimes

   A few months ago, I spent 5-6 hours interviewing Paul Krugman for Playboy magazine. It’s now on-line here. He speaks candidly–surprise–about the economic misdeeds of Wall Street, the foolishness of the current austerity obsession and focus on the non-existent debt crisis, and a whole range of topics including his view that the Obama Administration […]

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Jobs Debate Should Not Be Just About Size

   Politicians bickering over private equity’s impact on jobs and how to bring down the high unemployment rate are entirely missing the point about the crisis facing working Americans. The predicament we face isn’t simply that there are too few jobs; it’s also that an increasing number of workers don’t have the kind of job […]

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Rejoice, Oh, Austerity Mongers: It’s Already A New York Reality

   I’ve written a lot about the complete immoral insanity of the obsession over the phony debt and deficit "crisis"and the rush to impose austerity on the people when we really need much more public spending to employ the masses of people who are falling, falling, falling further behind. Well, truth is austerity is not […]

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Rejoice! Catfood Commission Dead, Media-Politicians Fail–Can We Talk About Jobs Now?

    You may join me in the celebration of failure–a celebration I have been urging we look forward to for a very long time. Do not listen to the hand-wringing and whining about the implosion of the Catfood Commission II. This is a great thing. It is fabulous.    BUT…    Let us also pause, […]

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