Jobs

How to Create 5.8 Million Jobs Pronto - Stop Currency Manipulation

Want to know how to create up to 5.8 million jobs in three years?  End currency manipulation.  So says a new study released from the Economic Policy Institute.  If currency manipulation was stopped, the U.S. trade deficit would shrink by up to $500 billion in three years, annual GDP would increase up to $720 billion, the federal budget deficit would be reduced by $100 billion each year and 40% of the new jobs created would be in manufacturing.

Worker Wage Inequality Myth Exposed

In America today there is a crisis.  That crisis is economic inequality.  The U.S. workforce has been blamed and dismissed for the growing gap between rich and poor.  Much effort has gone into blaming the victim.  Americans have been called fat, lazy and stupid along with the never ending drumbeat claim U.S. workers are uneducated and do not have enough technological skills.

The Economy: From Dollar Stores to Bombs

A woman named Dawn Hughey had worked at a Dollar General store for just four months when she was named "manager" of a store in the Detroit suburbs in 2009. Having recently moved home after a stint in California, Hughey had hoped the new honorific title (and its accompanying annual salary) would help her start a new life in Michigan. But like other managers in America's booming dollar store industry, Hughey quickly came to realize she was a manager in name only.

The No Jobs Economy is the New Economy

One of my most popular columns was about escaping from the Matrix existence in which Americans live.  It is a world of disinformation and misinformation in which facts are fiction, and abstract theories are substituted for empirical reality.

Official government statistics are make-believe.  The government makes inflation and unemployment disappear by how it defines inflation and unemployment, and it makes the economy grow by how it defines Gross Domestic Product.  The definitional basis determines the statistical result.

Obama Didn't Say What Kind of Jobs

In a speech last Wednesday President Obama said, "Over the past 40 months, our businesses have created 7.2 million new jobs. This year, we are off to our strongest private-sector job growth since 1999."

But is that really true? And one also has to wonder...just what kind of jobs have those businesses been creating over the past 40 months? It's not always about the quantity, but the quality as well.

New Study Shows 1/3 of Jobs Prone to Offshore Outsourcing

The change in the skill (educational) level of jobs being moved abroad has led some to wonder whether the offshoring of service, unlike production, activities will result in college graduates facing a dwindling supply of entry-level jobs that have traditionally served as stepping-stones to higher skilled and higher paying positions. The notion that offshoring depresses job growth in the United States appears to underlie support among some policymakers for measures meant to encourage U.S. firms to expand employment domestically rather than abroad.

Outrageous Economic Shorts - There Is No STEM Worker Shortage

Once again our daily barrage of economic injustice news is overwhelming.  From lobbyist lies to interest rate swap rigging to killing workers by the hundreds to our best and brightest working jobs flipping burgers, here are some quick economic news shorts that you don't want to miss.

 

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