Underemployment Hits 20% in Mid-March
Gallup's underemployment measure hit 20.0% on March 15 -- up from 19.7% two weeks earlier and 19.5% at the start of the year. Gallup Daily tracking makes it possible to monitor the underemployment rate throughout the month, rather than just once per month, making it the best and most timely way to measure the U.S. jobs situation.
The only way you can have 20% underemployment, is when the businesses that hire people don't exist any more.
So I am not sure why Gallup bothers to track underemployment.
It is not like we have a federal government that cares about underemployment or is planning on doing anything about underemployment. For the last year the federal government has been trying it's best (which is never any good) to brainwash the American public into believing that the economy has already been saved. And if the economy has been saved, then the millions who lost their jobs after the economy was saved are just misguided or deluded folks who just don't understand the political process. If the underemployed will only be patient, all will be made clear to them. Why even as we speak, the federal government is trying their best to convince the few remaining businesses that haven't failed, that they will get tax benefits if they can somehow manage to hire more people while the economy continues to crumble.
Which makes perfect sense to me. Convincing failing businesses to hire more people seems like a perfect way to fix the underemployment problem. After all, we wouldn't want to make life too easy for anyone dumb enough to want to start or keep their business going in the U.S.S.A.
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