The real figure for US unemployment is not the
official figure of 9.2%. When doorstep figures
of those who want full-time jobs and of those who
have given up looking then the real figure is of
the order 15%-18%. It's getting pretty close to
the 20% figures of the Great Depression. It's
interesting -- perhaps significant -- that the
term 'Great Recession' is being increasingly used
for this one -- a sort of unconscious recognition
that this one this is more than a byproduct of
the credit-crunch but something that might last
for many years. Just as the Great Depression was
only solved when there had been a radical
shake-up of the job structure after the war, so
the credit-crunch might also have been a catalyst
for a new make-over that has actually been
putative for a long time. When we emerge from
this one I think we might see an entirely different job structure.
Keith
At 15:18 05/08/2011, you wrote:
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_0004_01CC5359.152A9A10"
Content-Language: en-us
By choice or chance, many workers have already
given up the notion of a traditional, steady,
full-time job with health benefits, a 401 (k) plan and desk to their name.
A new report finds that less steady work is
likely to become even more common in the future.
<http://www.mckinsey.com/mgi/publications/us_jobs/pdfs/MGI_us_jobs_full_report.pdf>The
report from The McKinsey Global Institute finds
that in the next five years, more than half of
employers expect to rely more on temporary,
part-time and contract workers for a variety of duties.
There are already 8.4 million involuntary
part-time workers in the United States,
according to the
<http://www.msnbc.msn.com/id/44031964/ns/business-stocks_and_economy/>July
unemployment data released Friday. Those are
people who are working part-time but want a full-time job.
<http://lifeinc.today.com/_news/2011/08/04/7255822-good-graph-friday-future-of-work-temp-jobs>http://lifeinc.today.com/_news/2011/08/04/7255822-good-graph-friday-future-of-work-temp-jobs
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Keith Hudson, Saltford, England http://allisstatus.wordpress.com/2011/08/
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