Saturday, October 2, 2010

You Can Just Stop Looking For Work
Until 2015

Assuming you're still alive, & there's anywhere to look.
Torres said there were two main reasons for the bleaker outlook facing many countries: "The first is that fiscal stimulus measures that were critical in averting a deeper crisis and helped jump-start the economy are now being withdrawn in countries where recovery, if any, is still too weak," he said. "The second, and more fundamental factor is that the root causes of the crisis have not been properly tackled."

The ILO said the global economy had started growing again, with encouraging signs of employment recovery, especially in some emerging economies in Asia and Latin America. But it added: "Despite these significant gains ... new clouds have emerged on the employment horizon and the prospects have worsened significantly in many countries."

Since the crisis started in 2007, some 30-35 million jobs have been lost worldwide. The ILO forecasts that global unemployment will hit 213 million this year, a rate of 6.5%. For the United States, the number of jobs still needed to regain pre-crisis levels is 6.9 million.
You know what happens to surplus populations once their utility & wealth have been drained from them? Well, you'll know soon enough, civil unrest or not.

4 comments:

Cirze said...

You've got it, sweetheart.

Nowhere to go but outta here!

S

mikey said...

The theory I have to operate on is that, in spite of the overall employment picture, individual firms do on occasion hire people,either to replace one they have lost or fired, or to fill a necessary role. So, goes the theory, even as unemployment and underemployment creeps toward 20%, that doesn't preclude a given individual (say, me) from being hired for a given position by a given firm.

Of course, I have no empirical or anecdotal evidence that would support this theory, so it's really more a matter of doctrinal faith than actual theory, but the alternative is to go gently into that tent city, and I'm just not structured that way.

Now that I don't even have the financial resources remaining to put together a successful armored car heist, it's about the only option available...

M. Bouffant said...

Employment Editor Encourages:

Uh, hang in there, & keep the baby, Faith. That is, uh, you know what we mean.

Anonymous said...

You know what happens to surplus populations once their utility & wealth have been drained from them?

You can have my Soylent Green when you pry it from my cold, dead mouth.