Monthly Archives: October 2009

U.S. blue collar army chases few vacancies

According to this report, jobless recovery is disproportionately hurting people relying on blue collar jobs: “Research by Andrew Sum, a labor economist at Boston’s Northeastern University, shows that the ratio of unemployed persons to job openings has widened in America … Continue reading

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Obama looking at all options for creating jobs

The AP has this article saying: “President Barack Obama is considering all options to create jobs, including another stimulus package, while trying to pull the economy out of a deep recession and deal with a record deficit, White House advisers … Continue reading

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Vitamin D and a jobless recovery

There is increasing evidence that Vitamin D deficiency contributes to a variety of medical problems from mental illness, to cancer, to tooth decay, to susceptibility to influenza. Apparently, according to John Cannell, MD, the US RDA for Vitamin D may … Continue reading

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Shamus Cook: A Jobless Recovery

Shamus Cooke writes: “… Many workers are starting to realize they’ve been lied to about the recession ending; patience is wearing thin. … Therefore, unions and community organizations must also demand that a plan be worked out to address the … Continue reading

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U.S. Suffering Permanent Destruction of Jobs

Someone on another blog mentions three economists saying that many US jobs are not coming back. From one comment someone made there: “Most citizens are not aware that the jobs aren’t ever coming back. I suspect when it becomes apparent … Continue reading

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Why limited demand means joblessness (and what to do about it)

Mainstream economics assumes demand for almost anything is infinite. Thus, the theory goes, when human workers get replaced by robots, or better design means less human labor is needed, then there will soon be new jobs making new things; the only issue might be retraining. But, if demand is limited (because the best things in life are free or cheap, and everything you own also owns you), then when people get laid off, the jobs are gone for good, because there is nothing more that anybody wants then is already produced. And people having more time outside of compulsory work would be a good thing, if we more evenly shared the wealth from automation and better design, but we don’t — yet. Continue reading

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