Capitalism and the "Jobs for Everyone" Fallacy
July 11th, 2018
By Paul Buchheit
Guest writer for Wake Up World
The “Jobs for Everyone” Fantasy
“The more robots we add to our fulfillment centers, the more jobs we are creating,” says Tye Brady, Amazon’s Chief Technologist. That’s just one outlandish example of the job-related hyperbole we’ve been subjected to recently. We keep hearing about the low unemployment rate and the “booming” economy. “Economic news has been staggeringly good,” said Jared Whitley, associate director in the White House under George W. Bush. More hype comes from CNN Money, which talks about “opportunities for almost everyone”; and the windy Wall Street Journal, which claims that “Americans traditionally left behind… are reaping the benefits.”
The super-capitalists want us to believe that they know what they’re talking about. Part of their strategy, based on a neoliberal disdain for any government efforts to provide opportunities for average people, is to perpetuate the myth, as Milton Friedman said, that “the free market system distributes the fruits of economic progress among all people.” Part of this myth is a job for everyone, or “full employment,” which many economists believe we have attained with an unemployment rate under 4 percent.
But “jobs for all” is a fantasy, if we’re talking about family-sustaining, living-wage jobs, as we should. The facts make that clear.
Recommended reading by Paul Buchheit:
- Big Pharma, Big Oil and Big Banks – The Definition of Terrorism
- 5 Signs of a Dying Society
- Capitalism at Its Worst: 5 Deadly Sins of Big Pharma
- Facts That Our War-Happy Leaders Would Like to Keep Hushed Up
- How Wealth Inequality Kills
- Now Just FIVE Men Own Almost as Much Wealth as Half the World’s Population
- The Real Terrorists: The 0.01%
- A 2% Financial Wealth Tax Could Provide a $12,000 Annual Income to Every American Household
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