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Gallup CEO: "America's 5.6% Unempoyment Is One Big Lie"
The biggest threat to a corrupt regime is when truth moves away from the "conspiracy theory" fringes and into the mainstream. Which is why we thank Jim Clifton, Chairman and CEO of Gallup, for daring to tell the truth to those who care to listen.
Posted first on LinkedIn
The Big Lie: 5.6% Unemployment
Here’s something that many Americans -- including some of the smartest and most educated among us -- don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.
Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.
None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you’ve stopped looking over the past four weeks -- the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news -- currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.
There’s another reason why the official rate is misleading. Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 -- maybe someone pays you to mow their lawn -- you’re not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.
Yet another figure of importance that doesn’t get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find -- in other words, you are severely underemployed -- the government doesn’t count you in the 5.6%. Few Americans know this.
There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.
And it’s a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual’s primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen’s talents, training and experience, we are failing the great American dream.
Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older. We need that to be 50% and a bare minimum of 10 million new, good jobs to replenish America’s middle class.
I hear all the time that “unemployment is greatly reduced, but the people aren’t feeling it.” When the media, talking heads, the White House and Wall Street start reporting the truth -- the percent of Americans in good jobs; jobs that are full time and real -- then we will quit wondering why Americans aren’t “feeling” something that doesn’t remotely reflect the reality in their lives. And we will also quit wondering what hollowed out the middle class.
***
And since we never tired of showing the "job recovery", here is what Clifton is talking about visually.
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WTF? A lie? No way!
Face it, 30+ years of Reaganomics and job outsourcing has lead to this horrible economy we have today !!
Only way they didn't know this was by reading M$M bullshit instead of real news. Calling John Williams, pickup on line 1.
I felt a great disturbance in the Farce.
The unemployment rate isn't the only lie.
How dare this man Gallup speak the truth.
Off with his head.
i havent worked since dvds replaced vhs. but that was a nafta thing.
This article is still well within the bounds of acceptable dissent. And they left off the part about his call for a government works/stimulus program to aid the middle class and long-term unemployed.
(I made up that last part but would you really be all that surprised if he had? Always consider the source of an article.)
I haven't figured out why John William's Shadow Stats isn't in the left sidebar of Zero Hedge Reads... Seems like a good fit for the blog theme (and an adjunct to this post).
He doesn't pay for ads...
the problem is that people don't even understand that it is NOT the gubmnts issue what-so-ever to manipulate employment levels. they are the problem. now, the federal reserve, well that is a whole nother thesis. but, they are even a bigger problem with their FALSE DUAL mandate, which we all know is pure fucking bullshit.
As a staunch liberal, I am outraged that the Bush administration has been lying through their teeth all these years.
Obama in 2016!
If you used up all your unemployment benefits, but still don't have a job, you are not counted in the official "unemployment number".
" There's never been a better time then now !"
No ?
Serious question: Why are tax revenues up so high? Semi serious question: is the tax revenue collected a lie, is the the Fed secretly transfering printed money to the Treasury, laundered to look like it is tax revenue. If I was pulling the strings and lying, might as well go all the way. Pay gov bills with printed money but made to look like tax revenue and get to say the economy is doing great. Or is there another explanation for the hight tax revenue, like high capital gains from stocks that are manipulated higher by the Fed? Either way the Fed is causing the increase in Federal Tax Dollars collected.
Yes.
With the market manipulated up strongly look for an even bigger lie when January's employment numbers come out. The manipulation will continue as long as possible, right up until it doesn't work anymore. The reserve status of the US dollar is being protected at all costs right now, and TPTB are getting desperate.
TPTB's plan is the reduction of the population.
That would only be beneficial if they removed the underachiever/entitlement part of the population.
They need the rest of us to keep buying their stuff.
Have you not noticed the homeless disappearing?
"Carribean banking centers" buy a sizeable portion of all treasury offerings, and hold a major portion of outstanding US debt. This is really just printing money out of thin air.....they are proxies for extend and pretend.
"Taxes" are now only a tiny portion of actual spending. Much as the Kings of England could not resist spending themselves into penury and issuing more and more tally sticks, so America now simply debases its currency directly.
Tax revenues are higher because of an increase in capital gains taxes due to the gains in the stock 'market' this year. That's part of it. Even though the real economy is hollowed out, the money printers have assured a good year for the S&P. another part is the proposed tax increases that keep coming up. That encourages profit taking, since if your taxes may go up another 15% next year, why not cash out now. For these , and several other reasons, the numbers are a farce. Its not sustainable. It's not real, and it's definetely not because we have a healthy, growing economy.
Dang it Liberal, you made me snarf milk out my nose!
pfft: I almost pee'd my limousine.
Count me down for drafting Obama and Biden 2016- no way they ought to be allowed to just walk away when the wheels fall off, let America put a face on what the word "inimical" means as in the famous quote..
"The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class; while on the other hand the great body of people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests."..
In addition to the Unemployment Big Lie...
Many employed by profitable companies have been dumped to Obamacare by discontinuing company healthcare plans.
Many have had no raises for years while being told inflation is running ONLY 2-3%.
Many could find work elsewhere except offshoring and immigration keeps employers flush with applicants while crying they can't find trained people to fill jobs. Bullshit.... companies used to train new employees.
This baby is going down when people can't feed their families. Keep it up 1% asswipes and the hungry will come looking.
The Poseur as POTUS - The Lyin Liar who Lies for a Living !!!!!
Clifton better be careful - He'll be part of the unemployment numbers if he doesn't tow the line using "official" narratives
Fkr will probably get fined just Like S&P for the downgrade of the USSA
Gallop to be investigated by DOJ ......
And gold is down. It's good to see some confirmation.
unfortunately, there's a nailgun in your future, mr. ceo.
Yeah, wtf, Gallup of all mouthpieces?
That's a major rogue move there.
But but GPD is at all time highs.... does not compute
Doesn't matter, no one reads anymore anyways.
Off topic but not that much:
Investigator: Draft of arrest warrant for Argentine President Cristina Fernández de Kirchner found at dead prosecutor's home - @nytimesYup... this is going to help Israel in getting America to bomb Iran.
BUENOS AIRES — Alberto Nisman, the prosecutor whose mysterious death has gripped Argentina, had drafted a warrant for the arrest of President Cristina Fernández de Kirchner, accusing her of trying to shield Iranian officials from responsibility in the 1994 bombing of a Jewish center here, the lead investigator into his death said on Tuesday.
http://www.nytimes.com/2015/02/04/world/americas/argentina-prosecutor-al...
It certainly doesn't help that Cristina herself has said that she believed he was murdered... anyway this should be on all MSM channels tonight
Damn, I know what I'm unleashing here, but I just had to look: Yeah, he was Jewish.
Some of the most righteous guys I have ever known have been Jews.
Maybe this guy wasn't one of them.
Everybody is taking orders from people higher up the food-chain. They are all pawns in a much larger game so remember that 99%+ of all Jews, Muslims, Christians, Satanists etc. have nothing to do with the giant shitshow you see going on.
.." have nothing to do with the giant shitshow you see going on"..
Essactly!.. I wish people would realize that all decent men are ashamed of the government they live under, and that great observation by HLM is timeless because it is dead on accurate.
People living in other repressive states shouldn't be put in the same box as their tormentors any more than we should be responsible for the farce here at home.
Another $1.5 billion settlement coming up.
And ensuing lawsuit/and monetary fine.
S&P lawyers can help with PR . Also, everyone
knows this and nobody pays attention to that number
but obozo disciples.
The unemployment rate isn't the only lie.
+1,000,000,000
A good job is an individual’s primary identity, their very self-worth, their dignity -- it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen’s talents, training and experience, we are failing the great American dream.
This is another very very big lie...but it is the one that the skimmers would like everyone to believe: the idea that your self worth as a person is tied to your ability to produce wealth and pay taxes. If you are a government or a bank and make your bread by skimming from other people's productivity, then this is what you want people believing.
While I confess to once believing this, I don't believe it anymore.
Back to reloading...
A good job is an individual’s primary identity, their very self-worth, their dignity --
Well, as someone who works in the basement of an outhouse I can tell you it sometimes feels that way.
+1 cuz it's all I have to give.
it's good to see you back from that period of zh semi-retirement, btw, swr.
+1000
Cheers Richmond!
Independence is my raised bar as well.
RIPS
Nope another MSM outlet this morning the NY post has an article up about all the lies.
http://nypost.com/2015/02/02/after-gdp-report-its-time-to-start-yellen-at-janet/
Maybe ina place far far away the sheeple are starting to wake up!!!!! I wonder how the pundits that come here to down vote or troll will spin this one!!!
the fact that it's in the NY Post is great. He's educating a lot of people.
and this is well past tardy, as in a bit late ?
Life has never been greater for the 0.001% !!!
Thanks to Dear Leader Obama!
When's the last time the rich haven't been able to buy a POTUS?
Andrew Jackson
John F. Kennedy.
JFK was the rich. Papa Joe was no elegant human being. JFK just didn't have enough time to implement his version of how we were all to live.
I have to admit, it would prolly been better than the A holes since his death.
JFK wasn't a leftist like the democrats of today. He was pushing for tax cuts to get the economy going when the communist shot him in the head.
John Adams
good one
It is lucky that John Williams does not live in Argentina, down there he would be arrested
criminal charges in 3, 2, 1
Mr. Clifton, Attorney General Holder on the line.
http://www.zerohedge.com/news/2015-02-03/sp-settles-doj-lawsuit-15-billi...
The good news for him is that apparently it only costs 1.5 bln and an apology to the government to get out of this type of thing.
If only that were the real story! Please don't forget that this was also the DOJ's write-off of S&P's role in the entire MBS and CDO racket. Pennies on the dollar, as usual. And criminal immunity for free.
haha, indeed, this is really the pot calling the kettle black, as gallup, is "one big lie" themselves. https://www.youtube.com/watch?v=wneCa_yIuzg
Followed immediately by an IRS audit.
Or worse, making unfriendlies at the highest level might make one worried of breaking news such as being found deceased at home, ruled by the medical examiner as suicide from multiple, self-inflicted gunshot wounds to the head and chest. <gulp!>
That statement completely flies in the face of...
“You are not your job, you're not how much money you have in the bank. You are not the car you drive. You're not the contents of your wallet. You are not your fucking khakis."-Tyler Durden in Fight Club
A good job is an individual’s primary identity... That statement completely flies in the face of...
True. He should have said, "If you're a confirmed sucker, you believe that..."
a socialized shill created by public education to live out your life as a slave to the jewish debt makers holders.
The fact is that the government is unhappy with the Gallup surveys because they report widespread discontent. The government has been pressuring Gallup to report upbeat survey results. The CEO is pushing back by counterattacking the fraudulent happy talk that comes out of the Government statistics mill.
This is great news as a mainstream business has finally had enought of .gov spin and pressure to lie and is defending its integrity. Unlike the case with S&P, .gov has no cause of action against Gallup.
What about the kitty porn they found on his computer next week?
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF...
You forgot Bill (NAFTA anyone?) and Bush father and son. We had about 5 years of Reaganomics. Remember Compassionate Conservatism? (Socialism or Cronyism or both)
'Free Trade' has gutted the US economy. It has allowed corporations to pursue the cheapest possible labor - shipping whole factories (and industriies) overseas. The increased profits go to a few - while increased misery goes to many. BOTH parties are complicit in this destruction.
Some saw it coming:
https://www.youtube.com/watch?v=4PQrz8F0dBI
And when jobs can't be sent to cheaper pools of labor - cheaper labor is broiught in. H1B visas are used for high end labor while illegal immigration fills low end jobs. BOTH parties are complicit in this charade as well.
The Republicans are bigger slaves to business but the Democrats are little better. Both parties talk about 'creating jobs' while furthering the destruction of them. The TPP will be the death knell of the few remaining jobs in the Middle Class in the US. Those in high places want a large compliant class of serfs - and are getting it, worldwide. Perot was pushed out of politics for pushing this issue and unless you have a VIABLE third party you will NEVER have anyone focused on this issue.
And for those that try to justify free trade... the playing field is NOT level - a free society can't compete with serfs or slaves or those barely beyond indentured servitude, the pollution generated elsewhere pollutes the PLANET and 'lower prices' mean little when your own population is unemployed and can't afford to buy ANYTHING. The increased profits made by cutting labor costs have gone to a VERY few - one of the reasons for the increase in the wealth of the VERY rich (the top 1/10 or 1/100 of 1%
Henry Ford - no big hearted do-gooder or friend of labor - found that HE made more money when he paid assembly line workers MORE to keep them on the job and reduce costly turnover AND he created more customers for the cars his company made.
Truth regarding Henry Ford. Sad that his lesson has been lost on industry and government.
cynicalskeptic... well said.
If more people understood what you say and stopped supporting NWO companies like Apple then perhaps smaller local companies would grow.
Big global corporations are bad, buy local and buy where you can from the people running legit businesses who actually give a shit about their neighbors.
Even slaves have jobs. The focus needs to be on careers that pay a living wage.
It is debt that has made the difference. Any fool knows you can't spend most of your income on cheap imports and still have a job, but we have for longer than we should have because we were allowed to borrow to subsidize our lifestyle. If debt were not as available we would have felt the sting of cheap imports much sooner and may have actually been able to put up some barriers. Ultimately, if people had simply been told the truth and encouraged to listen, they might have been able to make the choice themselves, and refuse to buy the imports. I know that might have been a little too "nationalistic" for some, to actually act to benefit our country (possibly recognizing that to do so would actually be helping us individually), but regardless, only WE can make those decisions. Rather than empower more government control that protectionism would require, we could have just said NO. But instead we borrowed and spent, our government borrowed and spent, the bankers got rich and we find ourselves without a job, the bankers and government willing to sell their and our souls to stay afloat.
"if people had just been told the truth"......they were told the truth!!!!!!!!
more than 20 years ago on Charlie Rose - Sir Tony Goldsmith gave the future in black and white and 100% was completely accurate as to results for WTO for USA and UE - I saw the show - 10 years later on YOUTube the 6 part series was there for - FREE - as of 2006 i remember there were only 6,000+ plus hits out of 300 million plus people plus 400 million in EU - ????????
Americans are MORONS - way too stupid to read, listen, understand, think, take action - IMPOSSIBLE - they deserve DEATH - worthless POS -
in motion - Murder by Neglect - is now set - 160 million will be eliminated over the next 50 years - minimum towards 3.5 Billion world population max
even if they figured it out today - they are not worth saving - they have no use anymore-
I think you mean James Goldsmith. Anyway, very good choice.
Now, about stupid people, that is not an American privilege. Indoctrination, through education, and the dumbing-down, through religion and propaganda are neither accident.
Then you wrote: 160 million will be eliminated over the next 50 years.
Wrong! It will be something much more horrifying.
Here is an example, of many: Population Density Stress:
A six year population study on sika deer,Cervus nippon, introduced in 1916 on James Island in Chesapeake Bay, Maryland, provided unique results because of the unusual completeness of the data due to an islandic situation. A density of one deer per acre was reached in 1955. In 1958, 60 percent of the population, mainly young and females, died during January and February. Gross and microscopic studies were made on 18 deer, shot and autopsied in 1955, 1957–60, plus one recently dead at the time of the die-off.
Adrenal weight increased, especially in the young, from 1955 to 1958 and then dropped 50 percent following the die-off. Inhibition of growth observed before and during the die-off vanished afterwards. Changes in the adrenalzona glomerulosa and medulla suggested overstimulation and a severe imbalance of fluid-electrolyte metabolism as the cause of the die-off.
These changes may have been secondary to prolonged hyper-stimulation of the cortex as a result of excessive population density and its resultant social pressures. An inclusion hepatitis and glomerulonephritis are described which involved all deer, especially after 1958, but not in 1955.
These diseases were ruled out as causal factors in the die-off, as were malnutrition and poisoning. The deer were apparently in good nutritive status throughout.
It was concluded that physiological derangements resulting from high population density produced the observed effects.
In 1977, subsequent research into human stress showed how population pressure released a similar suite of hormones (Reg Morison).
http://link.springer.com/article/10.2307%2F1350924
https://www.youtube.com/watch?v=QlB0P1OATZk“#t=3m10s”
The Goldsmith interview with Charlie Rose nails it all.
The west committed economic suicide - all in pursuit of the cheapest possible labor (andthe increased profits they brang to a few).
The Goldsmith interview with Charlie Rose nails it all.
The west committed economic suicide - all in pursuit of the cheapest possible labor (andthe increased profits they brang to a few).
It should have been obvious. We shouldn't have needed to be told. I saw it and tried to buy American whenever I had a choice, but it didn't take long to lose that choice in most things. Our leadership should have told us and when the few did, we didn't listen. The media should have told us but rarely was it mentioned. When our economy is dominated by salesmen, no one gives a shit as they could make higher commissions on imports. People making things sure were not pushing imports.
We should have known.
More like 102 years of the Federal Reserve and 80 years of the New Deal have led us to where we are today.
Absolutely. Period.
Perfect.
With a topping of knowledge is to be replaced by feelings rather than facts.
Stupidity should be celebrated and relished.
The White House has been coordinating these celebrations daily since January 2009.
Let's not forget 50 years of "Great Society".
I view that as an extension of the New Deal.
You could add the 44 years since the Nixon gold decoupling. All is moving according to the multigenerational plan.
reaganomics is just a subfolder of this calamity. Sorry, i'm tired of using the word debacle. Or as our leaders would explain the situation........a nuisance.
Reagan wasn't president for 30+ years. You hold NOBODY else responsible? If you NEVER feel you can blame a sitting president, then NOBODY is EVER responsible for ANYTHING. So far, BUSH is to blame. But Obama is president. Please remember ONE IMPORTANT POINT: When Obama was elected president, he held a SUPERMAJORITY. With that , the Democrats could have repealed ANY LAWS EVER PASSED by Republicans since the Republicans were a political party. But they didn't, did they? What DID they do? Obamacare. That'll fix it.
What difference does it make!
Next
they will say Barry is the best black Prez we ever had.....oh wait
Just to be clear...FUCK REAGAN. He was a good puppet, just like his successors.
They are all puppets...our puppets. Politicians are populists. No person ever got elected telling us the truth. Reagan spoke the truth more than most but he was still a politician. We want stuff and we don't want to pay full price, if any at all. Government is the solution as they can always take from someone else to pay for your shit, or simply print or borrow. The bankers gave us everything we wanted and when the lies we beloved blew up we blamed the liars, even though in our gut we knew they were lies. We virtually beg these people to lie to us. We need the excuse for doing what we do. Everyone has a role, everyone is a puppet for someone....because we want to be. To be free and independent is hard work, work we don't want to do. Especially when there are so many willing to be paid to lie to us, to tell us we really don't need to work that hard, that we are "entitled" to a good life, entitled to security and all the freedom we can stand...and still receive the benefits of our entitlements.
PROGRESSIVES are in charge, and have been.
This suck is totally owned by progressives.
Time for progressive scum to embrace their suck 'cause they look really disgustingly stupid trying to deny/deflect it.
FOAD progressive assclowns.
Grimaldus
wow... totally brainwashed and buying into the charade of right/left......
Ronnie fully espoused a strategy devised by GE in the 1950's to limit the power of labor - transforming the focus from unions to 'patriotism' - part of the whole red scare... He was a paid spokesman in this effort. He was responsible for killing fairrness in media - getting news sources to be fair and rational - and LIMITING the ownership and dominance of news outlets (now at the point wher 6 companies own 90% ot the US news outlets). Bush wanted a Norht American Union with Mexican trucks (far cheaper than US drivers) shippong stuff from China all over North AMerica.
But then Clinton was a total sell-out pushing GATT (WITH Republican support) and signing the repeal of Glass -Steagall and Obama is pushing the TPP (WITH full Republican support)
BIOTH parties have pushed 'Free Trade'
Unionism would not have done anything but accelerate job losses as long as we continued to buy foreign made goods. It is OUR spending habits that define our jobs, just as it is mine as to whether I choose to spend my earnings on hookers and blow or new equipment for my business. Just keep buying Chinese electronics and Korean cars and see how many jobs we have.
do you really have a choice to buy anything other than Chinese electronics at this point? other than high-end audio gear, and other niche consumer and b2b/industrial markets, there are NO american companies producing consumer electronics...and if they are designing them, then they have off-shored the production to china, singapore, vietnam, etc...
we invented nearly all of the packaging and assembly technology, not to mention the electronic circuits themselves, that comprise modern-day consumer electronics. however, US companies & politicians sold that technology out by off-shoring production of said electronics anywhere it was cheaper to build other than the states so they could make higher profits and be able to pollute freely (dump to drain, etc...).
the average american consumer had NO say in any of this other than through the power of their vote - which as we all know here means practically nothing.
tell me where i can buy an american-made cell phone? please - i'll fucking buy it.
as far as cars - well here again - the US car companies made shit cars for the most part from about the 80s until just a few years ago because they were more interested in harvesting profits than keeping up with technology and the competition. so why the fuck am i gonna spend what amounts to a quarter of my yearly salary on some piece of shit that's mechanically unreliable and gets shitty gas mileage when i can buy a similarly priced honda that was better made at the time. is it MY fault that US car companies were so short-sighted in their ability to keep up with the competition?
More like 20 years of digital-revolution-fueled crony capitalism, global banking fraud and American government movement toward war-fueled tax and spend economics. You really don't understand the roots of this crisis, do you?
Truth is treason in the empire of lies
"Face it, 30+ years of Reaganomics and job outsourcing has lead to this horrible economy we have today !!"
Wow... Some people really are this stupid. Now go get your new EBT card then take a nap, sweetie.
Raegan was a cunt, get over it and your government-mandated perception of the past.to nailgun4you: I agree with your feelings about Reagan however he had very negative feelings about the Federal Reserve. I can't reveal my source but what I was told by an aquaintance, I know I can trust, is that an individual in the Reagan administration saw new currency which never was used, and asked about it, but never got a reasonable answer. I used to think that this was to be used for a forced exchange of old currency for new which would be detrimental for drug runners and such, since a small time window would cause these bad guys to lose a large amount of money (old money would be worthless after the turn in period). Once I became aware of Reagans feelings and that the witnesses at the hospital where he was brought after the assination attempt claimed that the fragment removed resembled more a flechette and the wound was not at all consistent with a 22 slug, I became convinced that Hinkley was a patsy. After reading of the stugle among the individuals in reagans vehicle (where certain parties wanted badly to go to another hospital farther away which happens to be a government facility) my thoughts turned to Kennedy. My honest opinion is that this currency was created as United States Notes not federal reserve notes. The United States Notes that I have from 1963 ( five dollar bills) do not say silver certificates but did not need that statement on them because they were issued by order of Presidentg Kennedy under the control of the congress without interest charged to the people. They could be turned in for silver coinage that is true. The idea that the currency was to be used solely in the drug war might have merit since so many financial institutions were involved with money laundering and they were not neccessarily looked upon favorably by Reagan.
Respectfully, water under the bridge.... what matters today is the tone set by the entrenched elected ruling political elite... so with that, standing ovation for the incompetent, divisive, despicable, corrupt arrogant narcissistic illegal indonesian kenyan alien muslim soiopathic pathologic liar in chief fudge pacerk only interested in its celebrity grand imperial golf life style on the backs of hard working tax paying U.S. citizen serfs and peasants.... but then everyone knows that gubmint creates jobs.... oh, and by the way "you didn't build that.'
At lester1---sorry but-gov't regulation and taxing policies plus gov't and the fed gaming the markets since Nixon is what killed the middle class--that and the War Tax (capital and labor and infrastructure) we've been paying every year since LBJ.
Quick, Gallup, poll the politicians about how often they lie, and how often they lie publicly. Don't worry, I'm sure this will calm your newly discovered fear of politicians lying to you.
And Gallup should know ......witness their latest Obama "Valentine are thee and me" poll numbers!! It's as if Rasmussen and Gallup joined forces with WH spin flacks. Sad.
I don't believe unemployment is 5%, it is more like 1 in 5 working adults.
But the thing is, is that unemployment is only going to get more and more profound. With automation, we don't need thousands of factory workers on the shop floor turning the same rivet for 8 hour shifts. Robots perform a more consistent job and don't need bathroom breaks, smoke breaks, clocking out for lunch, sick time, coming in drunk or high, show up late, or any other human behaviors. Then said robots are so efficient that the market ends up saturated with the built products to the point where no amount of advertising will get consumers to consume more and more.
The industrial age is done and over with and the Rust Belt is the end result. The unlimited growth model on a finite planet is an obsolete economic model. The capitalist model is a logistic function where it starts off slow (agrarian age), has exponential growth (industrial age) then hits saturation level (information age) as it is impossible to achieve over 100%. This "collapse" that these preppers are so scared of that will happen any day now is the market become thoroughly saturated with goods and services.
Preppers and doomers think the solution is hiding out in the woods with cans of beans and an old mosin and wait for a magical "reset". I think that's foolish because Artificial Intelligence and singularity are the saturation level of our "capitalist" system. To clarify, I put "capitalist" in quotes because in today's information age, the stock market is a complete hoax of AI computers selling to each other using algos and the men on a physical trading floor are insignificant which creates a crony system. Once this singularity or saturation level is achieved all of the debates of capitalism vs socialism become instantly obsolete and irrelevant.
In the 1990s, the economic theories where that automation is no big deal because we'll have service jobs and we'll have knowledge workers. The problem with that is service workers will be replaced with robots, and knowledge work will be replaced with A.I. Humans are completely out of labor so as a temporary solution we'll need EBT, unemployment programs, welfare or any other supplement until our economic model is replaced by a more appropriate one. Humanity has to totally rethink money and economics if food, water, shelter, and entertainment become free or close to free due to full automation. The air we breathe is currently free, and eventually other necessities of life will become free in the same respect too.
Now most are thinking that "free" or close to free coverage is some sort of Utopian pipedream. I can assure you this will not be a utopia, as these revolutionary changes will cause unbelievable social problems and turmoil. It also won't help that the millenials raised by MTV reality shows and Call of Duty game binging will be the ones taxed with making complex decisions. But as usual I discount the masses as only a wise few can tackle these revolutionary issues never faced before.
Addressing unemployment or worrying about cooked numbers or not I feel is a waste of time. The real debate should be on rethinking economics with the rapid advancements in technology and how labor will be a thing of the past with the exception of some niche technical work. Whining about EBT and welfare is only pointing out our the current system is rotting and will metamorphize into something else to deal with our new reality.
Summary: Automation + Technology = (People). And agreed, it works out to 'Supply and Demand' as I've noted here before. We've got a huge supply of people and jobs? Not so much. Certain fields that demand a higher IQ level, still are in demand, but the majority of the population is not one bit capable of that. I got bumped out of a union Payroll Clerk position, a number of years back (at a facility, long absorbed and closed) in Aerospace and because of my former Electronic Technician training and soldering skills, I was able to work in the 'Wire Shop', assembling MilSpec cables for a living. 95% of the workers in that shop were women. They called it the "Hen House" and how true that was. Didn't matter what color they were. 99% of them, were perfectly capable of doing mindless, extremely boring work, day in, day out, year in and year out. It drove me bananas as I have to have my brain working on something. But here's my take. I worked there six months before getting a position as a Finance Analyst (which I still am) and I couldn't think of a single person there, that would be qualified or intelligent enough to do anything that had to have some serious brain power (IQ). No way. And we have a whole, huge population of them out there, not even counting the recent illegal immigrants. You're not going to get Apples out an Onion field, that's for sure. Some might show up by accident, but for the most part, I find that saying (that I came up with) to be true. It is not racist, because there were numerous white women and men, that I'd apply the same to. That's why I find the 'College for Everybody' thing a joke.
You know what happens when you show up for work, on time three times in a row, here in NM? You get promoted to manager.
All the help at the new tractor store are over 55. Guess what? They can read and write and conduct themelves like pros! As they are hard working and smart the store is excellent to shop at.
Just buying chicken feed and the odd pair of gloves. Sorry to not support the economy in a more "robust, uptrending, dynamic, well projected, positive" way.
Again, I see debt as the culprit. We have had innovation and technology development since the beginning of time and somehow managed to keep working. The difference is now we have credit, either direct to the manufacturer, to the consumer and to the government which has made their mission to fund what was not funded by the private market place. I believe that technology cannot eliminate jobs in a free market, as that technology must come at such a price that people can afford to pay for it. It would only make sense that for a business to buy technology that eliminates their consumers ability to buy would not be smart nor sustainable unless that consumer was given access to other ways of paying beside traditional earnings. Our government has been instrumental in funding research and development of technologies that everyone admits private enterprise likely would not do. This technology is created with borrowed money. Yes, there are infinite layers to this but ultimately, again, I think that debt has enabled the destruction of our economy, principally through elimination of our jobs. We are creating more debt to subsidize those who have no job. Does that sink in? rather than pursuing real jobs, we are simply paying people to stay home...permanently....with debt. Debt is the great destabilizer, that allows exponential growth in one sector and the same for destruction in another. Imbalance. Malinvestment. We see it everywhere and none of it could happen without debt.
Marx, to some extend, was right after all.
I'm sure you meant to say the current system is rotting and will metastasize. Power never relinquishes power willingly.
P.S. The industrial age is not yet over when measured by resources utilized, output produced etc. etc... it merely changed address to where the labor was cheapest and profit greatest.
http://vitalsigns.worldwatch.org/sites/default/files/automobiles_figure_...
P.P.S. There will be no new "greater" economy to metamorphize into.
Yeah, yeah, yeah. A decent EMP event wipes your theory out and that will happen sooner or later.
Marvelous posting there, Doctor. I've been thinking lately about the nature of money, and how it supposedly represents a "store of value," which is ludicrous in the face of massive fiat printing and repeated QE programs. I'm also of the opinion that any solution to the current problem is going to require a radical rethinking of the nature of money, it's obvious that the current model is both destructive and unsustainable.
All the things you said about the current and leading up to conditions are correct.
HOWEVER extrapolation into the future may be way off.
Everything you said runs on POWER(ie energy) The abundance/cheap price of which may just be on the wane....
I believe we are way into overshoot.
100% (except for the part about turning rivets)
I don't believe unemployment is 5%, it is more like 1 in 5 working adults.
Closer to 1 in 4 See Shadowstats.com
The US is WORSE OFF than it was in 1932 - past the peak unemployment then of 23.8%. The only reason you're not seeing bread lines and people selling apples on streetcorners is EBT, welfare and greatly expanded 'disability' numbers. Though if you're near any food pantry before opening you WILL see lines and you have people selling all kinds of stuff near highway ramps. And if you put a bag of deposit cans out on recycling day I guarantee some guy will pick it up long before the town does) some guys have regular 'routes').
TPTB realized after Carter that it was FAR easier to lie like mad and try to con the public than face the consequences of reporting reality. They've been 'adjusting' the methodology ever since on most gov stats. CPI is grossly underreported as well (which means GDP is OVER reported). Saves gov a fortune on COLA and makes the politicians look better. BOTH parties are partners in the crime - neither will ever admit to the games beng played.
Have family down south and out west who've been out of work on and off for half of the last 10 years. Lots of people going without raises for years. It's pretty shocking even here in relatively well off Westchester north of NY to see all the long time businesses that are gone. Even in the really affluent villages like Bronxville you've got empty storefronts - businesses around for years now gone. Some long time restaurants are gone as well.
Lots of people moving out as soon as their kids are done with school - local taxes are brutal (though still cheaper than sending kids to private schiool in NYC so you have lots of Manhattan types living hre in the burbs while kids are in school - some keep their old apartment and rent it out in the mean time).
+1
You are completely on point - trying to address how our civilization will be impacted by 21st century technology using socio-economic/philosophical concepts, models, and theories that are, in some cases, hundreds of years old is akin to using a hammer when you need a wrench (or perhaps even more appropriately, using a hammer when you really need a lazer). Most of the jobs of today will be replaced by some combination of AI and Automation. It's happening before our very eyes. It might take 20 years - it might take 100 before it's so noticeable that it's finally undeniable. But, it's going to happen and we're going to end up with a world where the majority of people have NO work to do. How that's going to play out - I can't even begin to imagine. My guess is that until the population is diminished significantly, it's going to be unpleasant for the majority of people because the folks that own the robots and the AI are only going to give away what's absolutely necessary to keep themselves safe from revolt by the masses. I don't see it being much different than feudal times except more high-tech.
Well if the Gallup CEO says so then it must be real now.
It's still excellent he said it.
Yes, but he now has to expect the Obama "Justice" Department and IRS to go after him and his employees.
Yes, but he now has to expect the Obama "Justice" Department and IRS to go after him and his employees.
Or, they could Joan Rivers him. I'd shy away from hospitals too....
He should create a poll to find out...
It's not really a lie, but a definition issue. Change the definition of a word to whatever you want and you can present happy news. The employment ratio is now the % of dogs in my house with no fleas - woot 100% employment!
No, it's a lie.
"No, it's a lie"
Well, it really depends on what your definition of "is" is.
Now where have I heard that before?
It also depends on the definitions of "a" and "lie".
Remember, we're dealing with short attention span drug addled sophists here.
Kinda like redefining liberalism to cover marxism?
Intention to deceive = lie
Liars' statistics!
People can lie, but our government never lies because we the people control it!
Truth of the matter, as those of us know who have been closely following the numbers, not the bullcrap, is that the unemployment rate hasn't dipped below 20% since 1999.
And that's a fact, jack!
At least in Europe, where American Exceptionalists are forever claiming they aren't doing as well as the "free market Amerikans" --- most of the countries (Spain, Greece, Germany, etc.) report their unemployment rates far more closer to the truth!
Lies are nothing compared to the media hiding information from the public. Please go to 321gold.com and read the article concerning a lawsuit against the Provost of Caltech.
If this lawsuit has merit then there appears to be a hotbed of traitors that need to be reported on to the public. The press will not do their job, so we must start to organize block parties to share information with our neighbors. The serf surveillance and control system monitors have yet to create a strong neighborhood spy network to report on citizens awakening.
Suggested activities at these block parties should include polling your neighbors about their attitudes about lobbying and other such activities so that they can see that they actually have very similar feelings about the mechanisms for gaining control of the government by corporations and very wealthy entities (both foreign and domestic). Another area would be the activities of the Supreme Court concerning political donations rulings which have the support of corporations here and abroad, but not of the public. And last but not least would be the infiltration and dirty tricks used to stop third party development by the TPTB.
Link to the story, please? A few minutes of search left me empty handed.
to bob: go to the bottom of the page at 321gold.com and under the forever war section you will see the lawsuit story.
Links to Veteran's News Today:
http://www.veteransnewsnow.com/2015/01/15/514455lawsuit-says-caltech-pro...
More Zionist insanity. Say, when will Boehner be introducing Nuttinyahoo to thunderous applause again?
Yep, Me and the rest of the guys living here at the park kinda figured it was a lie when we needed to start a waiting list for the park benches
Near future headline: Gallup CEO found stuffed in trunk of Lincoln Town Car
Super Bowl security breach- guards helped two men sneak in!
Attention terrorists, here's how to do it:
http://tinyurl.com/kw7wuk9
Can ya reduce the size of the pictures when you post so they fit on the damn screen?
Next thing you know they'll be telling us money doesn't grow on trees.
Over 92 million out of work in the US - a nation of just over 300 million [includion those too youg/old to work].
US unemployment rate under 7%
Commie Core math?
UI only covers those that have an active claim, not those that are jobless.
More Gov smoke & mirrors.
The rubes eat that spoon fed propaganda right up asking for more.
I knew a guy once who thought he could lie his into prosperity. You all know him.
It will interesting when large white communities look like depressed ethic towns.
Wait a minute, am I missing it? Ok, put don't forget to let know when tipoff or kickoff is.
pretty much every element of amerikan life can be considered a lie, except Kim K's big fat ass.
@ Unplugged. It's true. I have it on good authority that media-blessed "experts" were paraded in front of the camera and said so themselves that the unemployment rate is less than 6%.
That's good enough for me and ought to be good enough for you! Time saver too. Less time checking the facts and more time at the joystick and Call of Duty! Wooo hooo!!!
Now where is that remote???? God Dammnit! I wish someone would invent a F$#$ing remote which would hop up in your lap when you clapped your hands. Now I have to get out of my recliner.
I file this one under "NO SHIT, SHERLOCK."
As the Tylers point out, however, it's not what's said here that's important. It's who is saying it. And that is interesting indeed. Remember that the Plebes don't matter. The ones that the inner Party worry about are those in the outer Party. The power structure doesn't like dissent among those tasked with manintaining the mechanisms of their power. Power is never brought down from outside. The internal faults to a system are always what brings it down.
edit: well, okay external invasion is another route to destroying power (i.e. Japan post WWII). Nothing's ever absolute, I grant. But nobody is currently in a position externally to stop TPTB. This one for now has to crack from within.
While it's "no shit, sherlock" to all of us enlightened ones, the public at large is NEVER told this.