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Many of the jobs "created" over the past 8-10 years were not really productive, though it is hard to say what percentage of deadbeats in this country were actually underemployed: maybe they had the kinds of jobs they deserved.
The tragedy, however, is that the productive probably did not deserve the pay the consequences of supporting so many deadbeats.
I think your post hit the nail on the head. Many companies are using the current economy as an excuse to fine tune and weed out. These are steps that should have been taken way back, but to appear big and prosperous, many kept expanding without any real need to do so (example as posted above....Starbucks).
As you also mentioned, unfortunately many good employees are going down with the deadbeat ones. I work for a large corporation and probably 1/5 of the people employed there aren't worth the time it takes to compute their paycheck amount.
I just don't see how this economy is any worse than it has been historically. I still don't think we will hit the unemployment highs of 82-83.
Take a look at the misery index: The United States Misery Index By Year (http://www.miseryindex.us/customindexbyyear.asp - broken link). Granted, this might be "outdated" and may need some tweaking for today's economy. But historically, it's not that bad. Look at 1974-75 for goodness sakes. When we surpass that level, then OK, it's bad.
7.6% is nothin compared to what they are forecasting it to be at the end of 2009. they said like 10%
Where I used to live in California, Riverside, already has that or more. In September it was running almost 9 percent. The county laid off 25 % of employees before Christmas. That 7.6 is an average so some places it is a lot lot worse.
Where I used to live in California, Riverside, already has that or more. In September it was running almost 9 percent. The county laid off 25 % of employees before Christmas. That 7.6 is an average so some places it is a lot lot worse.
Yes I know. michigan is at like 10% or somethin. im talking about the country as a whole
They said the actual unemployment rate is somewhere around 15%....
There are several different measurements of unemployment. You need to read carefully the details of the Dept of Labor's website for the ones used by the government.
According to some of these measures, the unemployment rate is indeed already well north of 10%, possibly even 15% right now.
There are already threads in this forum which illustrate some of these more in-depth measures than the headline rate.
There are several different measurements of unemployment. You need to read carefully the details of the Dept of Labor's website for the ones used by the government.
According to some of these measures, the unemployment rate is indeed already well north of 10%, possibly even 15% right now.
There are already threads in this forum which illustrate some of these more in-depth measures than the headline rate.
To do a realistic comparison to the 20/s 30/s you need to use the same standard. Anyone have that?
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We will simply have to work harder with the resources we have and live more efficiently as a nation.
