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At this point, even Ezra Klein is conceding that the “recovery” growth rate of 1.7 percent is a “horrific” new normal, so I can be accused of no partisan quest driving me to point out these depressing facts about our current economy, but a desire that we harness the good sense to abandon what’s not working and get the heck out of this mess.
One thing that I have been curious about for years, is how is technology affecting employment rates.
The legislation will extend the federal Emergency Unemployment Compensation (EUC) program through 2013. This means that unemployment compensation will continue for unemployed workers who are currently collecting federal jobless benefits. Unemployed workers who run out of state benefits during 2013 will now be eligible for benefit extensions, as well.
Originally posted by neo96
reply to post by Evil_Santa
I look at it this way need a job to get money, need people buying stuff for the need of robots/technology can't have one without the other IMO.
The problem has always been figuring out a balance.
Originally posted by Evil_Santa
reply to post by Night Star
See - I just don't get how the unemployment rate is still this high. I have no issues finding employment, and have switched jobs 3 times since 2008. Each time I put in pretty minimal effort to find gainful employment, and had a position within 1 - 2 interviews.
Here's an example, I'm between companies right now, and I've sent out maybe 5 resumes in the last month. Last week I had 1 interview and will go back next week for the 2nd interview.
I have a GED. That's it.
Do you or anyone else here know if those are unbroken and continuous extensions?
I.E. are there honestly people who are drawing unemployment today that started on it years ago?
Through the roof.
What is this doing to the unemployment costs levied upon business to support the funds paying those long term claims?
...we've developed inequality so extreme that it is worse than any time since the late 1920s.
Technology has been making some jobs obsolete for 200+ years now, but it is only recently that corporate profit margins have gone through the roof. Just because you can pay full-time employees so little that they're below the poverty line doesn't mean you should--especially when retention is often a problem and your profit margin is extraordinarily high.
Enabling stong unions enables a strong middle class and a strong economy.