Tag Archives: employment

On the Causes of Investment Decline in the US Economy

On the Causes of Investment Decline in the US Economy
Is the chronically stagnant US economic recovery since 2009 (predicted in my 2010 book, ‘Epic Recession: Prelude to Global Depression’), the result of insufficient income growth for most households—that is then necessary to stimulate consumption demand that, in turn would result in real investment that would create jobs? Or has the escalation of financial asset prices since 2009—itself the consequence of $10-$15 trillion of Fed and central ... Read more

The Real ‘Real’ GDP

The Real ‘Real’ GDP
This past Friday, May 30, 2014, the US government released its revised estimates for the first quarter 2014 US Gross Domestic Product. The initial April estimate of GDP for the first quarter showed the US economy stagnating, at only a 0.1% growth rate. Last week’s revised data showed, however, a significant further downward revision of first quarter GDP to a negative -1.0% growth, i.e. a contraction. Politicians and analysts had initially ... Read more

Contracting Out Public Services Worsens Inequality and Lowers Wage

Contracting Out Public Services Worsens Inequality and Lowers Wage
Contracting out public services—which aims to help state and local governments save tax dollars—often has a harmful effect on the community, including worsening inequality and lowering wages. A recent study, “The Decision to Contract Out: Understanding the Full Economic and Social Impacts,” finds that the savings of outsourcing varies widely and often diminish over time. The study, by Daphne T. Greenwood of the Colorado Center for Policy ... Read more

Who’s Really To Blame for Unemployment?

Who’s Really To Blame for Unemployment?
Guided by the mythology of the “American dream”—the idea that, given the opportunity, the deserving will excel and rise above their peers—politicians often attribute unemployment to a mystical “skills gap.” If people can’t find a job, the logic goes, they clearly weren’t fit to be hired. As a consequence, many legislators tout specialized training programs or education reforms as possible solutions to America’s seemingly intractable jobs ... Read more

Solar Power Employs More People Than Coal and Oil Combined

Solar Power Employs More People Than Coal and Oil Combined
Welcome to the future, its already here. Solar employs and nuclear destroys; we have ample evidence of that now, and with the annual U.S. solar jobs census we now have proof that solar power isn’t just providing energy, without destroying our oceans and contaminating the earth and air with strontium, caesium and barium, among other chemicals, it is providing more than 143,000 Americans a paycheck. Read more

Alive in the Sunshine

Alive in the Sunshine
One of the central contradictions of leftist politics within capitalism is that between labor and the environment. The more groups advocate for stringent regulations, the more the left is branded as “job killers” - often by other leftists. The more leftists push for the dream of total employment, the more they are accused of fostering overconsumption. Is there a way around the deadlock of preachy moralizing and the romanticizing of ... Read more

A More Complete Review of U.S. Employment

Look Again–July Jobs DECLINED by 198,000 Jack Rasmus, August 7, 2011 COMMENTARY: Last Friday’s July jobs report indicated 117,000 jobs were created last month. It was hailed as a ‘not so bad’ report, not great but not as terrible as expected after last week’s dismal manufacturing and consumer spending reports that forced stocks into a downward trajectory after the ‘debt deal’ did little to stimulate economic confidence. But the 117,000 ... Read more

GE CEO Jeffrey Immelt, The Head Of Obama’s Jobs Council, Is Moving Jobs And Economic Infrastructure To China At A Blistering Pace

By Michael Snyder Hawaii Daily News, July 28, 2011 Jeffrey Immelt, the head of Barack Obama’s highly touted “Jobs Council”, is moving even more GE infrastructure to China.  GE makes more medical-imaging machines than anyone else in the world, and now GE has announced that it “is moving the headquarters of its 115-year-old X-ray business to Beijing“.  Apparently, this is all part of a “plan to invest about $2 billion across China” over the ... Read more

The “Recovery” is Making Americans Poorer

How Recession Is Hastening the Wal-Martization of America A new report finds that the vast majority of the jobs created in the so-called recovery have been low-wage jobs. That’s a recipe for continued economic pain. By Sarah Jaffe Alternet, August 2, 2011 With all the focus on the drama surrounding the debt ceiling, and the much-too-late focus on the economic pain the final deal’s austerity agenda will inflict, items that really ... Read more