I Am 55 Years Old And Need A New Career If You Lose Your Job, All You Have To Do Is Get Another One In Our "Wonderful" Economy

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If You Lose Your Job, All You Have To Do Is Get Another One In Our "Wonderful" Economy

The US Bureau of Labor Statistics has reported a low unemployment rate for years. Behind these reports are articles about 50 percent of all young blacks in the inner city who are unemployed and another story about 33 percent of all those who lost a job after age 55 never finding another. A local church newsletter carried this note for a long time – “Success is reaching Social Security age before you have to file for bankruptcy. The Consumer Bankruptcy Project found that the rate at which older Americans—those 65 and up – filed for bankruptcy increased 213 percent between 1991 and 2001. The largest increase in Chapter 7 filings occurred among people older than 55. In 2002, the percentage of Americans older than 45 who entered bankruptcy reached 39 percent from 27 percent in 1994, the study found.

Another report says that 47 percent of all small business people have maxed out their credit cards trying to keep their business afloat in an economic arena of unfair trade. Many of them eventually suffered interest charges of up to 35 percent. Apparently many bankruptcies are not just based on consumer overspending, but basic survival. Today, many who believed in Free Enterprise and the American Dream must take a bankruptcy education course before filing for bankruptcy. This new law was approved by politicians, many of whom are “double-dipping” by receiving a salary and pension income, while in the private sector they have to follow this course after being in business for many years.

However, the most striking counter-statistic is this. Only about 40 percent of all workers in the US qualify for unemployment insurance. The other 60 percent are in a kind of economic limbo. They either don’t work long enough at a job or earn enough money in any given period to qualify. (We also don’t know how it all adds up with some people working up to four jobs at once. It seems the BLS reports that one job equals one worker. )

Because of this, the Bureau of Labor Statistics prohibits the use of unemployment offices in their reporting. Which leaves us with this final conclusion. We don’t need any conspiracy theories to know that unemployment reporting is a managed system and a single mother earning only $100 a month is considered employed. This would be laughable in the 1970s. Then the laugh would turn to something more serious and congressional hearings would be called. Now in the current economic arena, nothing has been done to expose this terrible gap.

BSL finally admitted about five years ago that many are missing out on any kind of reporting by giving up looking for a job. They put this figure at only 4 million, while the streets tell us it must be much more than just 4 million. Hurricane Katrina in News Orleans exposed a large portion of the class living in a silent depression. The same can be applied throughout our country.

It’s hard to find that many jobs are full-time. From what we’ve studied only about 88 million jobs are full time, which confirms that there is an economic limbo out there with a workforce at least double that number. Studying how the unemployment rate is collected is another story.

BSL is said to derive their results from a random statistical call of 50,000 households per month.

The person answering the phone is asked if they have looked for work in the past month. If they say no, they are counted as employed. If a person says he is helping out in the family business or family farm without pay, while looking for a regular job, he is also considered employed. We welcome anyone to tell us we’re wrong and wish we were wrong. The Get America Job Forum says that 50 percent of human resources in the US are not being used. The term underemployment has faded.

Meanwhile the media continues to tell us how good the economy is with our low unemployment rates. They tell us how well the stock market is doing too. However, once in a while, companies’ stock values ​​would increase based on the number of people the companies could employ while still making a decent profit. Today, stock values ​​are now based on people getting fired instead of being hired. Some American companies now have only about 10 percent of their workforce in America. Stock values ​​rise as more low-paid foreign workers are hired. While consumers buy their jobs at places like Walmart.

President Clinton affirmed Free Trade by approving the NAFTA and GATT trade agreements. President Bush followed by asserting that it was nothing personal because it was just work on the Fast Track transition, which makes the Executive Branch the CEO of world trade. President Bush tells us that Mexican workers come to the United States to take jobs that Americans will not do. He neglects to tell us that Mexico also reports low levels of unemployment and apparently, there are many jobs in Mexico that Mexican workers will not take. The more than 4,000 factories that moved from the US to Mexico don’t seem to have helped the Mexican economy all that much. It created a new poor working class in the US and a poor working class in Mexico. Now many of these factories are moving out of Mexico to places like China because the Chinese will take jobs that Mexican workers won’t do. Globalist Free Traders want a world economy without borders. They say it will spread prosperity, but in reality, they are spreading poverty because there will always be someone who will work for less for wage slave and even child labor levels.

Today, we can drive for miles through our cities and see factories and cheap stores while the government tells us that the good old days are here again with the greeters at Walmart welcoming us to spend money on products made in faraway places. while our local value-added economies are torn to pieces like relics of another time. Our industrial power won World War II and restored local value-added economies in Europe and Asia through the Marshall Plan. In the end, the US lost World War II, fifty years after the battle ended.

For more information, see Tapart News and Art that Talks.

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