Internetworkers: http://www.ibiblio.org/internetworkers/

[Paul Cory <pwcory AT mindspring.com>]

> DUDE!  That article is from December of last year!
Which doesn't invalidate the general point that the actual unemployment  
rate is higher than government reports.
> We've added 1 million jobs in the past 3 months!

Where did you get this figure? The latest total for the past three  
months I could find was 671,000 jobs created in April, May and June.

http://scoop.agonist.org/story/2004/7/2/62939/83242

(quoting a Reuters story)

We've added some 1.5 million jobs over the past ten months, but that  
doesn't yet match the number of jobs lost since Bush took office, which  
totals 2.2 million, according to a February story in the Seattle Times.

http://seattletimes.nwsource.com/html/nationworld/ 
2001854367_bushecon10.html

So, if job growth continues, we might actually be back to the total  
number of jobs we had in 2001 by the time November rolls around. But  
unless the work force shrank during the past 4 years, the unemployment  
rate will still be higher than it was when Bush was sworn in.

And one final point - the government is not releasing job quality  
figures to go with these job creation figures. So while new jobs are  
being created, it's essential to ask if they are equal in pay and  
benefits to the jobs that were lost.

Paul

> T O N Y  S P E N C E R
> Notsleepy LLC
> 6512 Six Forks Rd.
> Suite 502-B
> Raleigh, NC 27615
> Phone: 919.848.0691
> Mobile: 415.637.6481
> tony AT tonyspencer.com
>
>
>
> > -----Original Message-----
> > From: internetworkers-bounces AT lists.ibiblio.org
> > [mailto:internetworkers-bounces AT lists.ibiblio.org] On Behalf
> > Of Paul Cory
> > Sent: Thursday, July 22, 2004 1:04 AM
> > To: Internetworkers: http://www.ibiblio.org/internetworkers/
> > Subject: Re: [internetworkers] from the desk of Arianna Huffington
> >
> > And here's an article discussing some of the holes in the way
> > the government analyzes the unemployment statistics:
> >
> > http://slate.msn.com/id/2094690/
> >
> > So, no, things aren't so rosy when you look at the numbers
> > more closely.
> >
> > Paul
> >
> > On Jul 22, 2004, at 12:48 AM, Tony Spencer wrote:
> >
> > > > distorted by a) oversupply of labor ("jobless recovery") or
> > >
> > > Jobless recovery?  Nonsense.  We are at the lowest
> > unemployement rate
> > > in 4
> > > years:
> > > <http://quote.bloomberg.com/apps/news?
> > > pid=10000103&sid=aE_tiJ8kecXY&refer=us
> > > >
> > >
> > > T O N Y  S P E N C E R
> > > Notsleepy LLC
> > > 6512 Six Forks Rd.
> > > Suite 502-B
> > > Raleigh, NC 27615
> > > Phone: 919.848.0691
> > > Mobile: 415.637.6481
> > > tony AT tonyspencer.com
> > >
> > >
> > >
> > > > -----Original Message-----
> > > > From: internetworkers-bounces AT lists.ibiblio.org
> > > > [mailto:internetworkers-bounces AT lists.ibiblio.org] On Behalf Of
> > > > Thomas
> > > > Sent: Thursday, July 22, 2004 12:43 AM
> > > > To: Internetworkers: http://www.ibiblio.org/internetworkers/
> > > > Subject: Re: [internetworkers] from the desk of Arianna Huffington
> > > >
> > > > Tony Spencer wrote:
> > > > > I'm hiring my first employees for my fledgling company as
> > > > we speak.
> > > >
> > > > Congratulations, Tony!  That is a huge step.
> > > >
> > > > > Its
> > > > > exciting for me to contribute to someone's salary and are
> > > > my employees
> > > > > are being screwed?  Absolutely not.
> > > >
> > > > This is the interesting thing about Capitalism.  Marx is correct
> > > > here, Tony is hiring someone because he can make more money from
> > > > their labor than he is paying them.  Extracting value.  But he is
> > > > paying a fair wage?  Ostensibly yes, according to the market.
> > > > Question is, is the market wage distorted by a) oversupply
> > of labor
> > > > ("jobless recovery") or
> > > > b) Tony's unfair bargaining power?  I can't answer the
> > first, I think
> > > > the answer to the second is negative.  This is why small
> > business is
> > > > the foundation of our economy.
> > > >
> > > > OTOH, does Wal-mart pay its "associates" a fair wage?  Let's see,
> > > > Wal-Mart employs more people than the population of some sovereign
> > > > nations or U.S. states.  But only one Wal-mart store has a
> > collective
> > > > bargaining agreement.
> > > >
> > > > Oh wait, I said I'd go to bed.
> > > >
> > > > TaB
> > > > ---
> > > > Come and play at the InterNetWorkers Web site!
> > > > http://www.ibiblio.org/internetworkers/
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> > > > unsubscribe visit
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> > >
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> >
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