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Showing posts with label jobless rate. Show all posts
Showing posts with label jobless rate. Show all posts

Monday, January 17, 2011

Unemployed: Stop Searching for a Job, Learn to Forage and Produce

Good jobs are not returning to America anytime soon.  It's time to stop hoping someone will pay you to do useless tasks and learn to forage and produce for yourself.

Howard Beale
Activist Post

A good friend of mine has been unemployed for over 18 months.  He is 32 years old with a master's degree from a respectable university and an impressive resume of non-profit charitable work, as well as international business experience.  He is even fluent in two languages; English and Spanish. Yet he is just beginning to realize after countless job applications, with few interviews, that he is a dime-a-dozen in in America's new paradigm of over-educated, over-qualified people who can't find a job to sustain them.

In his tenacious quest, he joined a cooperative that provides office space with Internet and phone service, job training courses, and kinship for the unemployed.  He even applied to the only entity that seemed to be openly hiring -- government:  The United Nations, the U.S. State Department, the CIA and, yes, the IRS too.  He attended a high-level interview for a U.N. position that was set up by a very connected family friend.  Apparently the U.N. hired someone with even more connections and qualifications.

It is probably a blessing that he never received call-backs from those federal agencies, but at the time it didn't feel that way to him.  In essence, he has used all of tools in the matrix to pursue employment, but to no avail.  It seems the wheel no longer needs his cog.


My friend, like many others going through the same struggle, is finally beginning to see the system for what it is: a rigged game to create dependence.  Dependence for employment, or dependence on government assistance.  It is a system that makes the unemployed feel worthless and hopeless. Unfortunately, this horrible feeling may be a necessary phase of waking up to the nature of this prison.

As everyone already knows, the manufacturing jobs will never return to America in any measurable way, because the incentives have been sent offshore.  Therefore, the only American job growth will take place in a Ponzi-style economy in non-productive sectors.  Since America no longer produces anything, it seems that they must break things in order to create false economic "growth."  Consequently, they can't implement any genuine solutions, because that would threaten even more jobs.

For instance, they can't end the foreign wars, or the War on Drugs, because where would all of the soldiers, contractors, DEA agents, prison guards, court workers, and all their support staff find new employment?  They can't simplify the tax code because where would all the accountants, bookkeepers, tax attorneys, and accounting professors work? They can't undo the Patriot Act because where would the millions of people who make up the surveillance-industrial complex work? They can't clamp down on the exotic games at the Wall Street casino, or virtually no one would be left with a job.

This is the nature of the phony matrix we call the American Economy.  Even if you're "lucky" enough to have a position in the above-mentioned professions (and many other non-productive capacities), you must realize that your job depends on the system remaining broken.  Indeed, many will fight to keep the broken system for their own self-interest.  This was blatantly obvious when police organizations were one of the biggest contributors for the campaign to defeat Prop 19 to legalize marijuana in California.

Since most people subconsciously know that their daily tasks are fundamentally worthless, or at least replaceable, job insecurity is at an all-time high.  It is the system's mechanism to perpetuate the rule of self-preservation that has deliberate consequences.  It creates an atmosphere where moral individuals will engage in immoral acts to preserve their livelihood. So, our survival instinct allows us to justify any moral or intellectual compromise.  In turn, they've convinced us that it is the only way to survive; hence our "dog-eat-dog" world. It's an evil trap and even the best-intentioned can fall prey to it.

The good news is that the system will eventually implode because it is built on an illusion, by fake money, and can only "produce" by destroying things through literal and figurative wars.  It destroys people, property, freedom, and basic morality. The bad news is that while it crumbles the human suffering will get much worse before it gets better.  The only way we can avoid or limit this suffering is by becoming aware and changing our approach to the matrix.

Back to my buddy.  A lot of good his $100,000-plus education has done for him in this system. He is only now taking the initiative to create something productive for himself out of sheer necessity. Can you imagine the level of production he could have accomplished in eighteen months working on a personal project, side business, or learning new skills?

It seems that the times are ripe for the hopelessly unemployed to realize that the only person they can depend on to create labor is themselves. The wonderful thing is that you finally get to choose how you will deploy your precious time and effort.  Sure, you may not make boatloads of money, or have health insurance right away, but some positive income can be achieved.  And if you're truly driven by passion, your labor becomes effortless and enjoyable and will ultimately result in whatever level of income you desire.

You may have to learn to forage for a while before you find the best income vehicle for your passions.  Learning to appreciate incremental gains when they do come is also vital to success, as any gain is certainly better than wasting away as a blob in front of the TV, polishing your résumé , and circling want ads for the next 6 months.

There are countless ways to turn your passions into income by foraging.  You can start a blog for free about topics you care deeply about; learning how to monetize it as your audience grows.  You can treasure hunt for valuable relics at yard sales and shops and sell them online. You can grow, make, and sell homemade products to your local cooperative or farmers market.  And why not organize a local co-op in your community if there isn't one?

The point is: our belief, dedication, and complacency to a "system" that has been defined for us has led to a lost ability to forage and create. The key is taking the first step on our own and seeing where it leads.

Related Article by Howard Beale:
So Broke We Can't Pay Attention


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Wednesday, October 27, 2010

Amidst record unemployment, US companies hoard $1 trillion in cash

Anthony Freda Illustration
Reuters

U.S. companies are hoarding almost $1 trillion in cash but are unlikely to spend on expanding their business and hiring new employees due to continuing uncertainty about the strength of the economy, Moody's Investors Service said on Tuesday.

As the economy stabilizes companies are also more likely to spend on share repurchases and mergers and acquisitions, Moody's added.

Companies cut costs, reduced investment in plants and equipment and downsized operations in order to boost cash holdings during the recession. As the corporate bond market reopened many companies also boosted cash levels by selling debt and refinancing near-term debt maturities.

The US unemployment rate, meanwhile, sits at a whopping 9.2 percent. (A graph of the unemployment rates state by state can be found here).

Nonfinancial U.S. companies are sitting on $943 billion of cash and short-term investments, as of mid-year 2010, compared with $775 billion at the end of 2008, Moody's said. This would be enough to cover a year's worth of capital spending and dividends and still have $121 billion left over, it said.

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Sunday, October 10, 2010

World job crisis is a threat to democracy, says IMF head

International Monetary Fund meeting dominated by fears that US job crisis will add to currency tensions with China


Larry Elliot
Guardian

The International Monetary Fund was seeking to defuse growing tensions over global currencies yesterday amid fears that the US will respond to its stubbornly high unemployment figures by slapping tariffs on Chinese goods.

With China refusing to bow to pressure from the US and Europe to revalue its currency, the annual meeting of the IMF was dominated by concerns that Washington is on the point of losing patience with Beijing. Finance ministers and central bank governors gathered in a gloomy mood, expecting no quick fix to the problem – despite a warning from the IMF that failure to tackle the global jobs crisis could threaten democracy.

Latest figures for the American labour market, released on Friday, showed 95,000 jobs were shed in September, adding to the problems of the Obama administration ahead of next month's mid-term elections.


The poor outlook for jobs in the US has alarmed the Federal Reserve, which is expected to announce a fresh wave of quantitative easing next month, and added extra spice to the row between Washington and Beijing.

Dominique Strauss-Kahn, the IMF's managing director, warned that "we face the risk of a lost generation", adding: "When you lose your job, your health is likely to be worse. When you lose your job, the education of your children is likely to be worse. When you lose your job, social stability is likely to be worse – which threatens democracy and even peace. So we shouldn't fool ourselves. We are not out of the woods yet. And for the man in the street, a recovery without jobs doesn't mean much."

Tim Geithner, Obama's treasury secretary, said: "The United States believes that global rebalancing is not progressing as well as needed to avoid threats to the global economic recovery.

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