May jobs data euphoria over floundering ship of state, Recapturing jobs lost boast hides real problems with economy and employment, Citizen Wells warship analogy
“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.
Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013
“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief
“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″
The low information and/or biased media has been reporting the following:
“U.S. has finally regained the jobs lost to the Great Recession”
The low information voters and many investors appear to be buying it.
A simple analogy:
A warship is struck by a torpedo.
Believing the ship to be in imminent danger of sinking, the captain orders most of the crew to abandon ship.
They are picked up.
Much to his amazement he discovers that a sand bar is preventing the ship from sinking.
The remaining crew members repair the hole and pump out the water.
The captain reports to the admiral, we have pumped out all of the water. We are ship shape.
Sounds good except that most of the crew is missing, the ship is still stuck and enemy submarines are lurking nearby.
The same with our ship of state.
We have patched the original problem but we are dead in the water.
The employment situation in this country is reaching critical mass.
We have record numbers dropping out of the labor force and record numbers relying on government assistance paid for by the remaining workers. Many of whom are working part time jobs.
Here is one small example of data not being reported by the mainstream media.
In just one month, from April to May, almost 300,000 more people wanted jobs who were not in the labor force.
Damn the torpedoes.