Job Crisis: Obama’s Vision Versus Economic Reality
Shamus Cooke / Global Research
It took less than 24 hours for Obama’s “inspiring” convention speech to be smothered by the reality of the job crisis. The August national jobs report showed that the U.S. economy failed to create enough new jobs to keep up with population growth. More importantly, in August 368,000 Americans completely dropped out of the labor force, meaning that they’ve given up looking for a job (this ironically “lowered” the unemployment numbers, since demoralized workers aren’t counted in the official rate).
This “hollowing out” of the workforce is — along with high unemployment — the most striking feature of the “new normal” of the American workforce. A new generation of youth entering the labor market is not finding secure jobs and decent wages but unemployment and wage slavery. Republicans and Democrats are completely silent on this all important subject because they agree that it is necessary.
The Democrats attack on public employees confirms that this dynamic is being purposely done: over 600,000 public employees have lost their jobs since 2009. Most of these workers were paid a living wage and had health care and pension plans. Their private sector replacement jobs that Obama boasts about pay peanuts and more often than not have no additional health or retirement benefits. The Obama administration understands perfectly well that these public sector layoffs could have been prevented by government action, but undermining employment and the wages of public employees is one way to drive down wages for everyone else. Together these trends lower the need for taxes and raise corporate profits.
The attack on unions is yet more proof that the low wage syndrome is a self-induced illness: Democratic Party governors across the country have demanded major wage and benefit concessions from public employees. And while the Democrats blame the Republicans for being “anti-union,” the concessions demanded by the Democrats drastically weaken unions to the point that Republicans can finish them off. For example, the Democrats in Chicago are presently preparing to smash the Chicago Teachers Union, if they can, by demanding massive concessions. The teachers will have to fight, not only for their standard of living, but for the survival of their union.
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good article that makes sense. unfortunately, it is good sense within a sea of crap (obama & romney = out of touch with the really-existing variables of reality).