It’s time to stop all the right-wing, neoclassical nonsense about overly generous social welfare and unemployment benefits causing the current high rates of unemployment.
It just doesn’t work—not when 22,000 people are applying for 877 job openings (that’s 25 for each opening) at Hyundai’s plant in Montgomery, Alabama.
And not when Hyundai can get away with offering $16 an hour for production-line assembly jobs and $22 an hour for maintenance jobs.*
In the midst of the Second Great Depression, employers are finding hiring workers to be cheaper by the couple of dozen.
*For the arithmetically challenged, that’s $32,000 and $44,000 a year, respectively.