[FoRK] FW: Slate Money: It's the Data, Stupid

Adam L Beberg beberg at mithral.com
Thu Jan 22 11:11:06 PST 2004


On Jan 21, 2004, at 9:40 PM, Geege wrote:

> The job market is plainly pretty lame. The economy created just 1,000
> payroll jobs in December, even though economists had expected it to 
> create
> at least 150,000. The unemployment rate fell to 5.7 percent, but 
> largely
> because hundreds of thousands of Americans stopped looking for work.

And because of this, millions of people that are lucky enough to have a 
job are forced to work overtime unpaid, people that would have switched 
jobs cannot, raises and benefits are disappearing fast, and the 49% of 
Americans that work every day are miserable, exhausted, and pissed off. 
Toss in the terror of offshoring, and you have yourself a party.

But productivity, a measure of all those things, is rising like crazy!

Doesn't take long to see this is an unstable situation that cannot be 
maintained for long, but probably long enough for King Bush.

The month after the election, when the deception is no longer needed, 
the data should be... interesting.

- Adam L. Beberg - beberg at mithral.com
   http://www.mithral.com/~beberg/



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