Lawmakers Boost Airline-Merger Plans Wall Street Journal
That '30s Feeling The New York Times
Jobs Bill Blocked in Senate Washington Post
Robbing the Poor To Give Air Miles to the Rich Mother Jones
GM To Skip Summer Factory Shutdowns Due to Demand AMERICAblog
Friday, June 18, 2010
Thursday, June 17, 2010
Good luck finding a job if you're over 55
The jobs crisis is bad enough, but even tougher for older workers. Annie Lowrey at The Washington Independent has the story.
Joblessness Is Bad All Over
Over at billy blog, Australian economist Bill Mitchell reports on the devastation that the recession is having on real people around the world.
It is a very bleak picture indeed.
That’s not all. Vulnerable employment has skyrocketed. The ILO defines “vulnerable employment” as:
Mitchell says "workers in vulnerable employment, defined as the sum of own-account workers and contributing family workers, are less likely to have formal work arrangements, and are therefore more likely to lack elements associated with decent employment such as adequate social security and recourse to effective social dialogue mechanisms."
The ILO says the vulnerable employment rate ranges from 49.4 … to 52.8 per cent … In 2009, that meant between 1.48 and 1.59 billion workers were vulnerable worldwide.
According to the ILO, the increase in the number of unemployed is “unprecedented.” At the same time, the potential increases in vulnerable employment and working poverty are even more alarming. More workers are likely to be affected, particularly in view of the lack of decent work already evident before the economic crisis.
Mitchell’s conclusion:
It is a very bleak picture indeed.
“The crisis has clearly led to significant increases in unemployment (particularly among the youth) – around 45 million workers have been pushed into unemployment since 2007.”
That’s not all. Vulnerable employment has skyrocketed. The ILO defines “vulnerable employment” as:
…inadequate earnings, low productivity and difficult conditions of work that undermine workers’ fundamental rights …
Mitchell says "workers in vulnerable employment, defined as the sum of own-account workers and contributing family workers, are less likely to have formal work arrangements, and are therefore more likely to lack elements associated with decent employment such as adequate social security and recourse to effective social dialogue mechanisms."
The ILO says the vulnerable employment rate ranges from 49.4 … to 52.8 per cent … In 2009, that meant between 1.48 and 1.59 billion workers were vulnerable worldwide.
According to the ILO, the increase in the number of unemployed is “unprecedented.” At the same time, the potential increases in vulnerable employment and working poverty are even more alarming. More workers are likely to be affected, particularly in view of the lack of decent work already evident before the economic crisis.
Mitchell’s conclusion:
“You can guess that things are going to get much worse for workers in the coming years. It is clear that the imposition of austerity programs will damage the bottom end of the income distribution significantly while the top-end-of-town will be spared. In fact the latter will be able to buy up (steal) valuable public assets at bargain prices as the governments are forced by the IMF, the EU and their own stupidity to privatise them.
“As a result there will massive wealth shifts from the public to the wealthy end of the private sector.”
Links
Investment partnership industry says tax hikes in Senate jobs bill are unfair Washington Post
Lawmakers Agree to Place Fed Under More Scrutiny Washington Post
Hoffa Commends Congress for Rules on Private Investment Funds IBT
New UAW chief faces old woes Wall Street Journal
New Autoworkers Leader Hopes to Revitalize Union New York Times
Spirit says flights to resume Friday after reaching accord with pilots Wall Street Journal
FedEx Reports $419 Million Quarterly Profit New York Times
Lawmakers Agree to Place Fed Under More Scrutiny Washington Post
Hoffa Commends Congress for Rules on Private Investment Funds IBT
New UAW chief faces old woes Wall Street Journal
New Autoworkers Leader Hopes to Revitalize Union New York Times
Spirit says flights to resume Friday after reaching accord with pilots Wall Street Journal
FedEx Reports $419 Million Quarterly Profit New York Times
Wednesday, June 16, 2010
Fox & Friends Gets It Wrong -- As Usual
The website Media Matters does a great job checking the sloppy reporting and outright lies of irresponsible media outlets. So when Fox & Friends today said Ohio lost 400,000 jobs since Obama was elected president, Media Matters pointed out the truth:
Media Matters points out that the recession began on George W. Bush's watch, and jobs are coming back to Ohio under the Obama administration.
In fact, the 400,000 figure includes job losses that occurred for two years
before Obama took office in the midst of a deep recession.
Media Matters points out that the recession began on George W. Bush's watch, and jobs are coming back to Ohio under the Obama administration.
Economic activity began to decline in December 2007. The National Bureau of
Economic Research announced on December 1, 2008, that based on "economy-wide measures of economic activity," including domestic production and employment, the recession began in December 2007.
Ohio has been gaining jobs in 2010. Bureau of Labor Statistics data indicate that Ohio has added jobs during each month of 2010, through April.
Today's Links
Spirit, Union Gain Chance to Resume Labor Talks Wall Street Journal
Mexico's deadly drug violence claims hundreds of lives in past 5 days Washington Post
Senate Democrats dismantling aid package due to deficit Washington Post
China's workers learn to speak up -- but carefully Washington Post
Partners Atrios
Mexico's deadly drug violence claims hundreds of lives in past 5 days Washington Post
Senate Democrats dismantling aid package due to deficit Washington Post
China's workers learn to speak up -- but carefully Washington Post
Partners Atrios
Subscribe to:
Posts (Atom)