KaiserJeep wrote:Once again, the great mass of Americans display their utter cluelessness about matters of simple arithmetic.
If we went back to the post-WW2 period, and applied the simple criteria used then for measuring those out of work, the figure is 19.7%, not 4.9%. The "reductions" in unemployment rates all throughout the 21st Century have all come about due to redefinitions of the statistic. This is aimed at hiding the fact that not only is real unemployment increasing, but the rate of increase is also increasing.
With the slightly more advanced techniques of algebra, you can approximate the rate of increase and then anticipate that the really steep part of the exponential unemployment curve begins in 16-20 years. By 2035-2040 actual employment nears zero, taxation reaches more than 100% of the average income, and people in the USA are starving - just as South and Central Americans starve today.
ennui2 wrote:This is anecdotal but despite the IT bubble, all of the unsolicited recruiter spam I get is for contract work. It's high pay, and some of it is long-term (a year, let's say) contract, but still contract. I feel pretty lucky to be regular salaried full-time.
Meet Bernie Sanders, H-1B skeptic
Sanders is skeptical of the H-1B program, and has lambasted tech companies for hiring visa holders at the same time they're cutting other staffers. He's especially critical of the visa's use by providers of IT services that are headquartered overseas.
"Last year, the top 10 employers of H-1B guest workers were all offshore outsourcing companies," Sanders said in a Senate speech in 2013. "These firms are responsible for shipping large numbers of American information technology jobs to India and other countries."
The points raised by Sanders echo those made by Sen. Jeff Sessions (R-Ala.), who chairs the Senate's Immigration subcommittee. In fact, Sanders was one of 10 senators who signed a recent letter by Sessions and Sen. Dick Durbin (D-Ill.) to several federal departments seeking an investigation into H-1B use.
http://www.computerworld.com/article/2916827/it-outsourcing/bernie-sanders-h-1b-skeptic.html
ROCKMAN wrote:Maybe I missed it but did anyone point out the distinction between the "unemployment rate" (as defined by the govt) and the US EMPLOYMENT RATE.
Plantagenet wrote:But the media (and the Obama administration) focus on the unemployment rate, and the official unemployment rate in the US has now fallen to the point that the US is now at full employment.
Starting in 1994, once you hadn’t looked for work for more than a year, you were officially removed from the workforce.
occurred in 1994 under Clinton and was started by the Bush Sr. administration.
dohboi wrote:Starting in 1994, once you hadn’t looked for work for more than a year, you were officially removed from the workforce.
The shift ...occurred in 1994 under Clinton ...
http://chipshirley.blogspot.com/2012/05 ... loyed.html
dohboi wrote:Yes, Bush the First planned it, Clinton implemented it, then Bush the Second and O continued it.
Of those four, I suppose if you want to cherry pick one to be particularly blame worthy, I suppose that's your prerogative.
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