Skip to main content

View Diary: Gain in payroll jobs higher than expected. Unemployment rate falls to 7.5%. Revisions soar. (77 comments)

Comment Preferences

  •  Exactly. (0+ / 0-)

    And neither seems to be on the horizon.

    We're already looking at the creation of an American-style Kurzarbeit in which the working hours get shorter but the benefits get dropped. That's for hourly workers, of course. Salaried workers get to spend 75 hours a week at the office with no OT. Yet another widening economic gap. The only way to reverse it is going to be through legislation, and the executive-financial elite -- well, I won't say it owns the legislatures outright, but it's leasing them on excellent terms.

    "The great lie of democracy, its essential paradox, is that democracy is the first to be sacrificed when its security is at risk. Every state is totalitarian at heart; there are no ends to the cruelty it will go to to protect itself." -- Ian McDonald

    by Geenius at Wrok on Fri May 03, 2013 at 09:02:34 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site