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Forums - General - Unemployment rates are severely under tracked.

* Duplicate post. Ignore *



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Corporate greed caused the global financial crisis. There is zero risk to businesses too big too fail when the government bails out failing business. Corporate executive pay increases, executive bonuses were still paid despite businesses  facing bankruptcy. Millions of workers around the world were rewarded with being sacked due to corporate greed. 





Here is another one that questions if we need more college graduates:



Here is an 60 Minute piece on the problem with Sallie Mae (part 1 of 4):



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This is odd.  This thread keeps showing up like there are new posts in it, but I don't see any.



Developed nations are experiencing increasing rates of unemployment as work is outsourced to cheaper foreign countries to maximise big corporations profit margins. From an economic perspective if you are on the side of big business labour market deregulation is an excellent idea it maximises profit margins. But the workers in developed nations unskilled or skilled will have to compete for fewer available job positions as more jobs are continuously outsourced to cheaper foreign markets. The big national debts, continuous government deficits and foreign debts clearly show there is an underlying problem in most of the developed economies. 

Governments in developed nations will deliberately cover up the real employment figures by using any available trick in the book. Government departments used to calculate employment figures is questionable. An independent non-government department would be more thorough in trying to provide a real picture of what is going on in regards to developed nations employment figures. 

Chinese and Asian factory workers are paid extremely low wages to mass produce consumer goods to be sold for huge profits in developed world countries. Imagine if Europe and America and all the other nations wages were pushed down to be on par with Chinese and Asian labourers? 80 hour slave week is very harsh but very common in Chinese sweat shop factories. We all know what China is like in regards to abusing human rights.

The biggest winners of globalisation and the reversal of labour reforms are the Greedy Multinationals and the International bankers/financiers. China being a key player in UN and economic forums shows to the world that their government's abuse of human rights is accepted by the world community.

Multi-billion dollar companies have no business risk because they will always be bailed out by governments. "Businesses too big to fail".  The tax payers dollars collected by governments  from the low and middle classes mainly  pay for every economic recession and down turn. Individual tax rates will be increased during austerity measures after the government has implemented stimulus packages and corporate bailouts. Increasing company tax rates would be risky because of capital threats from big corporations and more job losses.



numonex said:

Multi-billion dollar companies have no business risk because they will always be bailed out by governments. "Businesses too big to fail".  The tax payers dollars collected by governments  from the low and middle classes mainly  pay for every economic recession and down turn. Individual tax rates will be increased during austerity measures after the government has implemented stimulus packages and corporate bailouts. Increasing company tax rates would be risky because of capital threats from big corporations and more job losses.

Labor is treated as hostages by such corporations.  Whenever something is attempted to be done, out come the arguments how jobs will be lost.  



The big corporations get bailed out every time, the CEO, directors, managers still get their huge bonuses and pay increases, thousands of hard workers are sacked. Boom to bust to bail out to another boom to bust, etc. Perpetual economic/business cycle. 



From my extensive analysis, the issue lies in the inconsistent methodologies of these unemployment studies. Certain studies count legitimately unemployed individuals, others get into grey areas such as retired, vacations, the mentally handicapped (often anybody mentally away from work), h*** even people driving into work but not physically located at work.

This doesn't even begin to account for many smaller job markets and illegal citizens which are much more difficult to track (dare i say impossible). I mean, who the h*** is going to head to Amidon, ND (24 citizens) to get an accurate count. But rest assured, government census makes every effort to accurately estimate the numbers and should be taken as the final authority, superseding local efforts, media, your mom and your dog.



How do you breathe again?