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View Diary: After four months of falling, consumer confidence on overall economy rises, but down again on jobs (16 comments)

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  •  BLS Study "Tells a Terrible Tale for U.S. Workers" (6+ / 0-)
    Recommended by:
    quaoar, TJ, weck, TimmyB, Meteor Blades, hmi

    From Robert Oak at his Economic Populist blog, on Saturday...

    Job Study Tells a Terrible Tale for U.S. Workers
    Submitted by Robert Oak on Sat, 07/28/2012 - 13:53

    The BLS released a longitude survey, which tracks the last of the pack of baby boomers and their jobs over 30 years. One the most damning findings is how many people middle aged are lasting in a job. When late baby boomers were in their 40's, a third of them had jobs which didn't last a year and almost 70% of 'em were out of a job in less than five years. Over half of people ages 40-46 were out of a job in less than two years.

    Among jobs started by 40 to 46 year olds, 33 percent ended in less than a year, and 69 percent ended in less than 5 years.

    …Clearly gone are the days of stable employment from these results. Disposable worker syndrome is happening to everyone, not just the young and newly hired…

    …Another damning note is people were not working 22% of the time. On average, people were employed 78% of the time, in weeks, between ages 18 to 46.

    There are more results on the BLS release that show it does not matter if one has a college degree or not, worker churn is clearly going on these days. Literally we are experiencing and watching the demise of the American worker and the erosion of the U.S. culture of work by these results.  

    "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

    by bobswern on Tue Jul 31, 2012 at 11:32:10 AM PDT

    •  Maybe a Political Party Should Do Something? (2+ / 0-)
      Recommended by:
      cdreid, bobswern

      How about that party which claims to be on the side of working people?  You know, the party this site is dedicated to our getting more and better members elected.

      WTF is thier plan for getting more Americans back to work at good paying jobs?  

      •  You mean the ones (2+ / 0-)
        Recommended by:
        bobswern, TimmyB

        who will call you a racist relic if you oppose globalism? The ones who helped the republicans deregulate? The ones who pushed through NAFTA/GATT? The ones who forgot all about the economy til it came election time? That party?

        A man is born as many men but dies as a single one.--Martin Heidegger

        by cdreid on Wed Aug 01, 2012 at 05:38:39 AM PDT

        [ Parent ]

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