EVERY DAY, THE PRESS AND POLITICIANS LIE ABOUT HOW GREAT THE ECONOMY IS DOING. THEY CITE THE SUPPOSED LOW UNEMPLOYMENT RATE. ALL ARE LIES AND LIARS!
PUTATIVELY, THE UNEMPLOYMENT RATE IN THE USA STANDS AT 4%, A NEAR-RECORD LOW. BUT IF WE LOOK AT THE U-6 NUMBER, WHICH INCLUDES THE UNDEREMPLOYED, THE NUMBER IS ALMOST 8% -- A BIG DIFFERENCE!
TALK TO ANYONE LOOKING FOR A JOB NOW, AND THEY WILL TELL YOU THAT THEY ARE WORKING HARDER TO FIND A JOB THAN WHEN THEY WERE GAINFULLY EMPLOYED. THAT'S BECAUSE FOR EVERY ONE JOB OPENING, THERE ARE ABOUT, ON AVERAGE, 400 APPLICANTS. THAT MEANS THERE IS A 0.25% PROBABILITY OF YOUR GETTING THE JOB. THIS IS HIGHER ODDS THAN WINNING THE LOTTERY -- BUT STILL A VERY SLIM CHANCE INDEED.
THAT'S WHY THIS FAIRBANK REPORT SUPPORTS SENATOR BERNIE SANDERS'S PROPOSAL FOR A GUARANTEED JOB FOR ANYONE WHO WANTS ONE. ALTERNATIVELY, A UNIVERSAL BASIC INCOME SHOULD BE PROVIDED TO ANYONE NOT IN WORK SINCE FINDING WORK IS A CRAP SHOOT. AFTER 10,000 YEARS OF HUMAN CIVILIZATION, THE SO-CALLED MODERN ECONOMY STILL OPERATES ON LOTTERY ODDS FOR ANYONE WANTING TO WORK IN ORDER TO FEED HIS FAMILY. WE HAVE NOT PROGRESSED AT ALL IN 10,000 FUCKING YEARS!
The Fairbank Report...(如意報告)
**NB: Signed articles represent the opinions of the respective
authors and do not necessarily reflect the views of THE FAIRBANK REPORT/RUYI BAOGAO (如 意 報 告).
