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  • From: Paul Cory <pwcory AT mindspring.com>
  • To: "Internetworkers: http://www.ibiblio.org/internetworkers/" <internetworkers AT lists.ibiblio.org>
  • Subject: Re: [internetworkers] from the desk of Arianna Huffington
  • Date: Thu, 22 Jul 2004 01:40:22 -0400

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
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