Quote:
Originally Posted by scottw
I wouldn't worry about it..the Kenyan Kommunist told us the he was going to focus like a laser on jobs....wait...maybe that was meant to say he'd be destroying jobs with a laser death ray or something 
WIKIPEDIA .....A "jobless recovery" or jobless growth is a phrase used by leftist economists, especially in the United States, to describe the recovery from a recession, where "recovery" is defined as growth in gross domestic product (GDP), which does not produce strong growth in employment, specifically a rapid drop in the unemployment rate to the level it was prior to recession. The first documented use of the term was in the New York Times in the 1930s.[1]not a coincidence
A jobless recovery is usually seen as a bad thing in a capitalist industrialized society. This is primarily because in such a society most people need jobs to earn the money they need to purchase goods and services from the marketplace. Also, secondarily, doing something useful and productive is usually connected to a healthy individual's self-esteem and his or her positive relationships to the larger community. An alternative (Progressive liberal democrat) view is that a jobless recovery could be a step towards a post-scarcity society full of abundance for all if you are a communist moron-- as a new stage of cultural development with increased leisure and volunteerism. in other words, lazy ass government dependents and democrat voters That alternative view represents a trend that many technologists, futurists, and heterodox economists have predicted dreamed of and fantasized about in their deranged leftist cult meetings for decades. |
Comrade, you left the "this article needs additional citations for verification" notice out of your arts and craft project.
But I get it; we took the happy ending of the 1990's for granted. And for 10 years, something spoiled in our brand of capitalism. But we held our noses. Our - not left or right - state of economic affairs shows that even a sophisticated country with studied leadership can stumble badly. This is essentially what occurred in Japan long before we got wind of the stench of our own rotting economic core. The current growth is just simply too slow to reduce unemployment. To borrow from Paul Krugman, we may be in the midst of a "growth recession."
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