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    “Rather Lame” Job Market Spurs High Anxiety Among U.S. Workers

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    Wednesday brought a string of data confirming what most Americans already know: The job market stinks.

    These reports — along with the Conference Board's grim confidence data yesterday -- suggest Friday's government jobs data will be "rather lame," as Dan Gross quips in the accompanying video. The consensus is for growth of 100,000 non-farm jobs in August, but that's not enough to keep up with population growth, much less create jobs for the roughly 8 million Americans who've lost work since 2008.

    While the ADP report has been notoriously bad at forecasting the government's job data, it's notable the ADP report excludes the Verizon strike, and another round of layoffs of state and local government workers; both will be included in Friday's report.

    Got to Have a J-O-B

    Layoffs of government workers may be overdue and fiscally responsible; the idea of a guaranteed "job for life" contributes to inefficiency, abuse and waste. But the slashing of government payrolls is contributing to the anxiety of U.S. workers, as Dan and I discuss in the accompanying video.

    Private sector employees have long known there are no guarantees (or loyalty) and now government workers are enduring the same experience. That's both adding to the number of people looking for work and eliminating the "safety net" (real or perceived) many private sector employees kept in the back of their minds. Readers of a certain age might remember the critical scene in "Hollywood Shuffle" where Robert Townsend's character declares: There's work at the Post Office.

    Not anymore — at least, not as much work as there used to be. Facing bankruptcy, the USPS is considering cutting as much as 20% of its workforce, or 120,000 jobs, The Washington Post reports.

    At this moment in U.S. history, the owners of capital are kicking labor's tail. Workers who fear a loss of job are willing to work longer and harder -- even for less money, much less a raise. That boosts productivity levels, which drives up corporate profits which, tada, are the basis for CEO pay, which continues to surge even as the majority of Americans scramble to stay afloat.

    I don't know if Karl Marx is laughing or rolling in his grave, but he's definitely listening.

    Aaron Task is the host of The Daily Ticker. You can follow him on Twitter at @atask or email him at altask@yahoo.com

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    119 comments

    • Itold  •  8 months ago
      so Ok, big corporate CEOs are overpaid. Sure. But, there's no law stopping anyone who is complaining from starting their own business, taking it public, making it successfil to a degree that they can pay themselves millions, is there?
      Then you can pay your employees high wages even for unskilled labor. Bu I am going to be that if it came to taht point and you actually ran your business, you would not do it.
    • STEPHANIE  •  8 months ago
      WAKE UP PEOPLE..Higher education is a scam and a fraud...We need to create paths to success that do not require a college degree. If we lift the burden of college tuition we can restore the hope for retirement for millions of working parents!!
    • frankmargel.com  •  8 months ago
      Plenty of work, plenty of resources, plenty of land and trees, plenty of government regulations to destroy your dreams... NEXT!
    • A Yahoo! User  •  8 months ago
      Throw out your cell, burn the house to the ground, grab some camping gear or an RV with solar panels, flip the world the bird and walk off into the woods... and bring a NON-lazy chick with you. There's your REAL American dream, guys!
    • Quincy Magoo  •  8 months ago
      Jobs are not going to be coming back to the US unless we work to rectify our trade deficit, our federal spending deficit, and our federal debt. Might as well toss personal debt into the mix as well. This is a trade issue, and will not be fixed through revising our tax code, increasing minimum wages, de-regulation, or any other of the miriad ideas that have good intentions and no possibility of success. If we want long-term economic stability, we need a completely different way of running the country. Until we recognize that there is a real social benefit to protectionism and directed growth, we will be on the decay side of the equation.
    • A Yahoo! User  •  8 months ago
      "It ended on this day: August 5th, 1981."
      Beginning on this date, 30 years ago, Big Business and the Right Wing decided to "go for it" -- to see if they could actually destroy the middle class so that they could become richer themselves.
      And they've succeeded.
      On August 5, 1981, President Ronald Reagan fired every member of the air traffic controllers union (PATCO) who'd defied his order to return to work and declared their union illegal. They had been on strike for just two days.
      It was a bold and brash move. No one had ever tried it. What made it even bolder was that PATCO was one of only three unions that had endorsed Reagan for president! It sent a shock wave through workers across the country. If he would do this to the people who were with him, what would he do to us?
      Reagan had been backed by Wall Street in his run for the White House and they, along with right-wing Christians, wanted to restructure America and turn back the tide that President Franklin D. Roosevelt started -- a tide that was intended to make life better for the average working person. The rich hated paying better wages and providing benefits. They hated paying taxes even more. And they despised unions. The right-wing Christians hated anything that sounded like socialism or holding out a helping hand to minorities or women.
      Reagan promised to end all that. So when the air traffic controllers went on strike, he seized the moment. In getting rid of every single last one of them and outlawing their union, he sent a clear and strong message: The days of everyone having a comfortable middle class life were over. America, from now on, would be run this way:
      * The super-rich will make more, much much more, and the rest of you will scramble for the crumbs that are left.
      * Everyone must work! Mom, Dad, the teenagers in the house! Dad, you work a second job! Kids, here's your latch-key! Your parents might be home in time to put you to bed.
      * 50 million of you must go without health insurance! And health insurance companies: you go ahead and decide who you want to help -- or not.
      * Unions are evil! You will not belong to a union! You do not need an advocate! Shut up and get back to work! No, you can't leave now, we're not done. Your kids can make their own dinner.
      * You want to go to college? No problem -- just sign here and be in hock to a bank for the next 20 years!
      * What's "a raise"? Get back to work and shut up!
      And so it went. But Reagan could not have pulled this off by himself in 1981. He had some big help:
      The AFL-CIO.
      The biggest organization of unions in America told its members to cross the picket lines of the air traffic controllers and go to work. And that's just what these union members did. Union pilots, flight attendants, delivery truck drivers, baggage handlers -- they all crossed the line and helped to break the strike. And union members of all stripes crossed the picket lines and continued to fly.
      Reagan and Wall Street could not believe their eyes! Hundreds of thousands of working people and union members endorsing the firing of fellow union members. It was Christmas in August for Corporate America.
      And that was the beginning of the end. Reagan and the Republicans knew they could get away with anything -- and they did. They slashed taxes on the rich. They made it harder for you to start a union at your workplace. They eliminated safety regulations on the job. They ignored the monopoly laws and allowed thousands of companies to merge or be bought out and closed down. Corporations froze wages and threatened to move overseas if the workers didn't accept lower pay and less benefits. And when the workers agreed to work for less, they moved the jobs overseas anyway.
      • Travis 8 months ago
        OMG you couldn't be more wrong. The tide that FDR started is why we're in this mess! Move to a socialist country if you think it's so great.
      • STEVE 8 months ago
        Travis, we're already in a country headed for fascism, socialism's right-wing twin.
    • The Answer is 42  •  8 months ago
      We switched from agrarian to the industrial revolution. A bunch of jobs were lost but new ones came by. Unskilled labor lost and unskilled labor gained. We switched from the industrial revolution to streamlined manufacturing. Unskilled labor lost and unskilled labor gained. A bunch of jobs were lost but new ones came by. We switched from manufacturing to the information age. Unskilled labor lost and college educated positions gained. We switched from the information age to the virtual age. Unskilled labor is no longer needed and college educated positions with engineering, science, medical, computing and financial degrees gained. The switch is almost complete. Those without the college education in "marketable fields" (meaning not justv amy old degree, it needs to be marketable) will see little to no jobs from this point forward. The bad part is that excludes approximately 705 Of the entire United States population. The job market in doing great i maketable fields. The job market is not only lame, it won't get any better in for non-skilled positions.
      • So True 8 months ago
        Also many of the new jobs that came along were based on new problems. Problems = jobs. You don't need a cure for AIDS if it isn't around, you don't need soliders if you don't have WAR, you don't need Oncologist if you cure cancer, you don't need DEA if their isn't a drug war, you don't need pills if people aren't sick. Problems = profit.
    • blame yourself  •  8 months ago
      capital is kicking the bejeesus out of labor? really? capitism is at fault- realy? the jobs lost are kicking the crap out of labor ? really.

      no government is kicking the hell out of labor

      government jobs are supposed to be secure? reaaslyA? why? that security is the reason the economy is failing- take away that security and it will return to them and eeveryone else. that security of only government is the cause.

      the a hole keeps laughing
    • blame yourself  •  8 months ago
      a hole thinks its funny- ha ha ha - good time to be a boss ha ha ha
    • dohdoh  •  8 months ago
      Dude in the tan coat looks like a chump who got spitballs thrown at him during pep rallys.
    • dohdoh  •  8 months ago
      Thanks for the hope and change Ba-roke Obummer!
    • blame yourself  •  8 months ago
      hope and change- read about Solyndra Solar and puke
    • Straight Talk  •  8 months ago
      Opinions all, but just what jobs are these destroyers of America talking about creating? can that be why Americans are worried? Well to little to late. Rhetorically are these jobs more low wage, no benefit, part time, reduced hour types? One has to look at where we are as a nation today verses even three years ago. Our industry off shore along with manufacturing and technology. Nothing of any size or significance made here any longer. They point to the auto industry but forget to tell you a great majority of the parts are made off shore in other nations and even many of the cars assembled there. Teachers and other professional positions all going by the wayside. So, just when does America wake up? Well the answer is most likely not any more. the Golden Goose has died and Humpty Dumpty is really dead and all the kings men, well you already know the answer to that. You see by fact, that is staring us right in the face our culture has changed and not for the good. We are a fragmented society torn apart like the rest of the world by an influx of minority, immigrants some legally, many not. Many educated by our tax money and they hold the good jobs. So, we see the transition and ask why our politicans do what they do? Hey, wake up, its not for America any longer. Consider this in light of what is happening in all societies today when we speak of immigration. rhetorically are nations losing their heritage, culture, history and origins? In place of assimilation and growing into the new nations culture and values ,lifestyle, ways and language these that these people migrated to, they demand that nation and people accept their old ways, traditions and yes language. A paridigm shift. and the governemnets ours and others accept that, WHY? rhetorically, are they creating a melting pot of the new global society. A mix of races producing one new race. America is in their minds everywhere there is a market and the mixing of the races and having one universal language points to the dream. In my opinion when you speak Glogal this is the dream with Greed attached as the reward. Think not know not. Now that you can stop laughing and snarling get this, It happened once before, a very long time ago, For those who have knowledge they know and for those under a delsuion they ask, WHAT? Yea, what is this guy talking about? In that the answer.
    • voter  •  8 months ago
      Someone should read NAFTA SUPERHIGHWAY.......
    • far left liberal nut job  •  8 months ago
      better title of article is rather lame "progressive" democrats and obama doing nothing for job market in last three years of being in power , except as is obvious, to make it worse

      remember in 2012 throw out the lame where the blame lies, in obama and liberals
    • TawnyAngel88  •  8 months ago
      Welcome to the newly founded United Welfare States of the Dancing Monkeys, now headed by a Head Monkey.
    • Robert Dubuque  •  8 months ago
      The stock market is not only a casino, it's a pit of bad gambles. In the long run the "casino" always wins. What does that tell you? I cashed-in all of my stocks while I could get out with the skin of my teeth. You big "players" are going to end up toothless. Sure, you know the right timing in how to pick stocks. That's what you think, anyway.
      • So True 8 months ago
        In the long run real gains are always made. Just depends on how long your time horizon is.
      • Deerslayer 8 months ago
        So how's that passbook savings account working out for you?
      • STEVE 8 months ago
        So True, inflation will make those gains illusory.
    • Robert Dubuque  •  8 months ago
      More bad economic news, rising exponential to each passing day of the Obama Regime. Let's make January 20th, 2013 the "End of an Error".
    • The Yahoo Censorman  •  8 months ago
      Wait till Owebama creates the federal police force called the brown shirts.
    • Golfizfun  •  8 months ago
      Corporate profit also drives up the evil 401k balance - people loose their jobs but complain when their 401k tanks - 401k just a device to solicit buy in from the people that it hurts the most - what a mess

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