Posts Tagged ‘unemployed’
Tags: cartoon, corporations, healthcare, lawyers, minimum wage, Obamacare, Right to Work, Supreme Court, unemployed, unions
Tags: inequality, jobs, poor, precariat, quantitative easing, rich, unemployed, United States
The other day, in preparing my thoughts for a BBC interview on the end of quantitative easing in the United States, I wish I’d had Steve Waldman’s pithy summary in front of me:
you can see why a QE-only approach to demand stimulus embeds a troubling political economy. The only way to improve the circumstances of the un- or precariously employed is to first make the rich richer. The poor become human shields for the rich: if we let the price of stocks or houses drop, you are all out of a job. A high relative price of housing versus other goods, a high number of the S&P 500 stock index, carry no immutable connection to the welfare or employment of the poor. We have constructed that connection by constraining our choices. Deconstructing that connection would be profoundly threatening, to elites across political lines
According to a new study by Carl Van Horn, Cliff Zukin, and Allison Kopicki [pdf], for the John J. Heldrich Center for Workforce Development,
nearly 30 million people — say they were laid off from a job in the past five years. Nearly 4 in 10 of these laid-off workers say they searched for a job for more than seven months before finding another one; one in five workers laid off during the past five years never found another job (see Figure 1). Of those who found another job, one in four say it was a temporary position.
Moreover, laid-off workers who found another job seldom improved their financial situation: two-thirds say their new jobs either paid less than their previous one (46 percent) or paid the same (21 percent). It’s no surprise then that nearly half of the reemployed workers say their new job was a step down for them compared to what they were doing five years ago. Just a quarter say their new job was a step up and only a third say they are receiving higher pay.
Tags: children, insurance, Jonathan Swift, poor, poverty, unemployed
Maybe now that the proportion of unemployed workers on jobless benefits has fallen to an all-time low (thereby undermining John Boehner’s belief they don’t really want to work and prefer to just sit around, relying on government handouts) but the number of poor people remains at an all-time high, perhaps it’s time to take another look at Jonathan Swift’s “Modest Proposal” to advance the public good, relieve the poor, and give some pleasure to the rich:
The number of souls in this kingdom being usually reckoned one million and a half, of these I calculate there may be about two hundred thousand couple whose wives are breeders; from which number I subtract thirty thousand couple, who are able to maintain their own children, (although I apprehend there cannot be so many, under the present distresses of the kingdom) but this being granted, there will remain an hundred and seventy thousand breeders. I again subtract fifty thousand, for those women who miscarry, or whose children die by accident or disease within the year. There only remain an hundred and twenty thousand children of poor parents annually born. The question therefore is, How this number shall be reared, and provided for? which, as I have already said, under the present situation of affairs, is utterly impossible by all the methods hitherto proposed. For we can neither employ them in handicraft or agriculture; we neither build houses, (I mean in the country) nor cultivate land: they can very seldom pick up a livelihood by stealing till they arrive at six years old; except where they are of towardly parts, although I confess they learn the rudiments much earlier; during which time they can however be properly looked upon only as probationers: As I have been informed by a principal gentleman in the county of Cavan, who protested to me, that he never knew above one or two instances under the age of six, even in a part of the kingdom so renowned for the quickest proficiency in that art.
I am assured by our merchants, that a boy or a girl before twelve years old, is no saleable commodity, and even when they come to this age, they will not yield above three pounds, or three pounds and half a crown at most, on the exchange; which cannot turn to account either to the parents or kingdom, the charge of nutriments and rags having been at least four times that value.
I shall now therefore humbly propose my own thoughts, which I hope will not be liable to the least objection.
I have been assured by a very knowing American of my acquaintance in London, that a young healthy child well nursed, is, at a year old, a most delicious nourishing and wholesome food, whether stewed, roasted, baked, or boiled; and I make no doubt that it will equally serve in a fricasie, or a ragout.
Of course, Swift’s proposal would work even better in our own times, since according to conservative thinkers the lives of the poor are even better—which means their children should be even more delectable. In addition, even though the one percent have given up their role as “job creators,” their escalating incomes should be sufficient to purchase infant flesh. And, as Swift explains, because “they have already devoured most of the parents, [they] seem to have the best title to the children.”
These days, of course, as a friend of mine informed me, many of the the rich prefer to eat only free range and organic and to deal directly with the breeder rather than through an unscrupulous supplier.
Tags: Benghazi, cartoon, climate change, Exxon, minimum wage, oil, poverty, profits, Republicans, unemployed