Forget 10% Unemployment, The Real Job Loss Pain Number Is 54%, page

Here's an interesting and disturbing new way to look at unemployment.

But don't dispair, comerades! Due entirely to the beneovlence and wisdom of our august national leadership and Great People's GoldmanMorganCiti Party, the People's Glorious Index of Prosperity (formerly the Dow Jones Index) compiled by the Ministry of Truth clearly demonstrates increased productivity and rising living standards as the Great Recovery continues to lift all boats! All reports that the sharply rising Dow Jones is meaningless because the companies making up the index have been repeatedly changed over the past year are Crimethink and False Memories reported by the most vile and dispicable enemies of our glorious Corporate State.

All across the Motherland, spontaneous mass demonstrations of thanks and celebration have broken out, showcasing the boundless will and energy of the masses and their gratitude for the Astounding and Unprecidented Recovery! Courage, comerades! The struggle for our new, prosperous life continues and victory draws close!

A March survey from Pew shows just how broad the unemployment pain has been felt. When you hear of 10% unemployment, you might imagine 1/10th of Americans experiencing extreme financial stress from the recent recession.

Yet given the unemployment rate's odd methodology whereby it drops people who stop looking for work out of the data, and the fact that American households usually have more than one person, the real 'pain' number is 54% -- over half of American households felt the direct impact of job losses:

Pew Research:

A majority now says that someone in their household has been without a job or looking for work (54%); just 39% said this in February 2009. Only a quarter reports receiving a pay raise or a better job in the past year (24%), while almost an equal number say they have been laid off or lost a job (21%).
Read more:

More at source:
www.businessinsider.com...

reply to post by silent thunder

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Excellent expose.

Still the brainwashed masses believe in the "bootstrap" principle instead of the structural reforms which happened after the Great Depression.

So each individual gets blamed for being lazy or for not paying taxes, etc. -- maybe the new financial reforms which Obama just gave his speech on will help a bit.

The fact is structural unemployment is a reality -- there could not be the rich if some people were not made poor! So those homeless people actual enable there to be wealthy and even enable there to be a middle class.

And so when there's an increase in the homeless it means there's also an increase in the wealthy class -- but the middle class works for the wealthy class so you get this delay in mind control information whereby the middle class continues in denial and attack against the poor.

Finally things get so bad that the inevitable is reached and once again some of the wealthy have their primitive accumulation taken from them. Because that's what it is.

The U.S. is an empire and on the periphery of the empire there's still tens of millions in slave labor -- for chocolate, for clothing, for sugar, for mining in the Amazon, for diamonds and gold in Africa -- slave labor in India.

reply to post by sodakota

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Well you can qualify for food stamps even if your employed but your income does not meet your cost of living. But if you're on food stamps you have to prove that you are currently looking for a job if you don't have one. So if you're not looking for a job then technically you can't be on food stamps.

reply to post by silent thunder

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Our currency has value because we BELIEVE it does.

Since the large majority of those unemployed made a poverty wage, the big question is:
If the unemployed in this country considered our currency worthless would the dollar exist?

I don't think so.

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