Globalization and the End of the Labor Aristocracy, Part 3 - On the current structure of globalization and its implications for the distribution of income within and between countries.
11 minutes ago
"Officially, the Labor Department’s broad measure of unemployment goes back only to 1994. But early this year, with the help of economists at the department, The New York Times created a version that estimates it going back to 1970. ...
If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression.
In all, more than one out of every six workers — 17.5 percent — were unemployed or underemployed in October. The previous high was 17.1 percent, in December 1982."From David Leonhardt at the NY Times: Broader Measure of Unemployment Stands at 17.5%
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first.
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." - Thomas JeffersonObviously, we have thrown out the constitution a long time ago...but these attacks on it are getting more and more grotesque...and will only decrease the quality and increase the cost of healthcare in the US.