More stories on the long term unemployed
Submitted by
CalculatedRisk on Sun, 09/05/2010 - 5:16am (197 comments)
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That will happen eventually as the population grows and households are formed.
Does Keynes' quip about long-term apply to this eventuality?
Is there an estimate for the total number potentially impacted by these 3.5 million losing benefits, i.e. how many people are supported by each of the people receiving benefits?
3.5 million Americans will run out of benefits by the end of the year
India has long had their caste of untouchables, and now so do we.
Juvenal Delinquent wrote:
Two years ago, Southern California native Ryan Payne was a mergers and acquisitions associate at a Manhattan investment bank earning a base salary of $140,000 a year. Then came the Wall Street meltdown. As one of the newest members of his firm, he was among the first to go when the layoffs came. Saddled with $100,000 in student loans and consumer debt, the 33-year-old moved back in with his parents in Malibu. He now trades commodities online from his home computer.
Although maybe a bit different path to untouchability in the US.
No jobs and no benefits means fewer households and more vacant housing units - not exactly what we need.
If the past experience is any guide, the White House will try to placate the Repubs, so expect a deal on tax cuts.
A payroll tax holiday would be a good thing. But I would not rule out even permanent elimination of the estate tax (as if it had anything to do with job creation).
Poor thing, had to fall back on mom and dad in Malibu...
As far as my untouchables are concerned, i'm thinking more along the lines of mom and dad thinking they can crash over at their son's place, and he's thinking along the same lines, maybe he can stay over there indefinitely?
curious wrote:
People like this is how the Nazis built their core constituency as the 1930s progressed.
India has long had their caste of untouchables, and now so do we.
Interestingly enough, many of Indian untouchables converted into Islam, which is now one of the sources of the Hindu-Muslim tension
........which equates to more people per inhabited property. Here, that equates to the main house with every bedroom filled with mostly maybe family, a family filled RV or two parked at the RV hookup away from the house, and even a tent or two clustered around a hose bib. No, I'm NOT kidding........but then how do you kid about a 15% U-3, other than to say it's really closer to 30%?
curious wrote:
I'd like to see that figure broken down between the two.
curious wrote:
Also....this is what TPTB want....an entire economy based upon trading, commissions, and no actual real output. A job well done by Goldman.
MrM wrote:
Excellent point. By analogy, therefore our untouchables go to Beck and Palin.
I see living quarters in 5th wheels and RV's on driveways all the time now, but not too many tents, as of yet.
Good thing there's a $12B (14%) cut in food stamps heading our way in 2014 (bill was signed in August to make $$ for medicare/teaching jobs). And good thing there's another proposed $2.2B further cut to food stamps to make budget room for Mrs. Obama's childhood obesity program.
One way to cut obesity is to not feed people. 100% success rate. (Even works for glandular issues.)
MrM wrote:
so expect an offer of a deal on tax cuts, which the Republicans will turn down.
MrM wrote:
Which is worse - bankers or terrorists wrote:
Interestingly enough, both Beck and Palin do I slam all the time, for when you can't use reason to back your argument, there's always the potential of character assassination...
CR:
Benefits without jobs is welfare. That's a swear.
America abandoned its rural and urban poor 20 years ago under the guise of welfare reform. I don't see why we need to ride to the rescue of more affluent demographics who are perpetually between jobs. We called them welfare queens 20 years ago, and I will dub them thus today.
Let the 99er join the ranks of the impoverished and get the same treatment everyone else does. It was good enough for blacks and hicks, it's good enough for them.
If you live in the LA area, you have a variety of gangs you can join. MS-13, Crips, F13, Mexican Mafia, 18th street gang. An extended family awaits.
Which is worse - bankers or terrorists wrote:
Or Chris Matthews and Keith Olberman.
Alright, I'm off to remove trash from one of our local waterways.
What are you doing to make America a better place?
OT: This is for LLiz- Florida’s High-Speed Answer to a Foreclosure Mess - NY Times
HomeGnome wrote:
Applauding you.
What are you doing to make America a better place?
I'm griping on CR, doing my part.
edit: new glossary term: telecomplaining.
Buon
tutti
The positioning of the last two paragraphs still suggests an optimistic bent to CR's overview.
But...
Eric wrote:
Sounds unlikely. Liberals are mostly disarmed, not-in-the-face Alan Alda types. They'll just be sad and starvacious, at least for the first few years.
The red side, however, has been feeding itself conflict narratives and gunning up. They will bust a yellow turban move real fast, esp. once RIFs on the police forces cut loose lots of LEO types.
I look forward to nothing more than helping my nation's legitimate central state reassert itself against red insurrection.
HomeGnome wrote:
My goal is to create a million new jobs in ten years. It's not much but everyone should contribute.
Gnomenclature,
I always pick up little bits of trash in the backcountry of the High Sierra, typically the corner of a power bar wrapper, or other small debris. I'll find a few mylar balloons every summer, but you have to be off the beaten track to spot em', because everybody that walks past around 5 miles into the back of beyond is just like you, conscientous of trash that doesn't fit in with the scenery and color scheme...
In perhaps 3,000 miles of walking in the mountains here, i've pulled out enough trash to fill one backpack, in total.
It's a clean place, my wilderness.
And what am I doing for America?
Saluting her by walking all over her prone body...
HomeGnome wrote:
Who has to go to a waterway? The local candy store is exactly 1 soda bottle / 1 chips bag away. Try as I might to keep our sidewalk clean, it's a losing proposition. Some of us got together and placed trash cans on our corner (secured with padlocks and chains, of course) ... only to have them destroyed in the night by vandals unknown.
My goal is to create a million new jobs in ten years.
What kind of jobs?
On a related topic - it is pretty likely that millions of long-term employed will have to learn new skills, probably move from office jobs to more physical labor, adjust their standards of living and their expectations down.
Does it sound like like the American version of the Chinese-style mass re-education?
Fortunately, we don't (won't?) have re-education camps.
Combs is correct, and the constitution is there to dispose of "judges" like her.
MrM wrote:
Can't reveal yet. I'm still working on the patent application. But I worry about finding enough workers. That may have to be my second invention. Perhaps if they loosen the laws on legal immigration.
Talking about re-education camps, there's a great article on a visit to a gulag stuck in time in Siberia, in the latest New Yorker, by Ian Frazier.
Anonymous Bosch wrote:
I fill a pushcart in about 20 minutes. I hear you.
In my experience, you have to have quite an allowance for capital wastage, and make sure your stuff is tuff.
I haven't had my welder and machinist friends put a rugged urban housing together for me because I'm not willing to clean out the dirty diapers and dirty needles the morning after some genius lights it on fire. Easier to just pick up.
Edit: Also, fwiw, I think l unlittered sidewalks have the same attraction as unbroken panes of sheetglass to those who have not even a good upbringing to their name. I only clean up periodically because the speed of trash accumulation drops precipitously after the first few chip bags hit the ground.
Juvenal Delinquent wrote:
it fits...
the Brahmins = Banking oligarchs and high-office politicos
the Kshatriyas = Military-industrial complex, other large corporations
the Vaishya = small and mid-size businesses
the Shudras = service and hospitality workers
the Harijan = homeless, long-term unemployed, prisoners
I'm surprised to see such an in-depth article [Fl foreclosure mills] even in the NYT. Stupid Fl thinks hiring retired judges to process mass foreclosures for the big banks will get them out of crisis.
And when they come to foreclose on the judges....
Not that anyone ever listens to me, but I already suggested what kind of jobs - millions of small (largely) self-sufficient farms. Internal manufacturing by way of producing small plows and such implements needed for small scale operations. Reeducation could be universally available through the internet and cable channels.
Rajesh wrote:
My goal is to create a million new gang members. Warriors come out to play-eee-ay. Can you dig it?
1 currency now -yogi wrote:
That's when we'll see that fabled jubilee.
Mr Slippery wrote:
You work for Homeland Security HR?
Nature is a little messy herself. My place is littered with leaves, twigs, sticks, fallen trees, acorns, you name it. But nature's micro-organic garbagemen are always at work reducing the debris to organic substance. No unemployment there, everyone works.
I want to make clear that I am not talking about net job creation. I'll have to sacrifice a few industries as part of my plan. But I'm prepared to eliminate the oil industry for the greater good of America.
In the book Ten Lost Years, one of the vignettes was, as winter approached in Winnipeg every year during the Great Depression, this guy would show up with a brick in front of the Winnipeg PD, and throw it through the plate glass window, so he could get 3 squares and a cot in jail for when Jack Frost was outside. The police officer that told the tale, said that he did it every year for like 3 years, until they got wise to when he'd make his appearance, and nabbed him on the 4th time, with rock at the ready...
We've made prison so attractive (socialized medicine included @ no charge) and why wouldn't otherwise previously upstanding citizens in their 100th week, or 123rd week, not consider something similar.
It's not like they have anything left to lose...
What will happen to the '99ers?
It's an election year; their fate will become campaign fodder. I suspect that they will get another extension, after the appropriate hemming and hawing over concern about costs.
Well, I guess even stupid Florida must at least get this guy disbarred to keep up appearances-- not that he needs to work any more.
1913: Last buggy whip manufacturer goes out of business.
2013: First new buggy whip manufacturer in 100 years launches IPO.
Which is worse - bankers or terrorists wrote:
The future for the top of society... For the bottom, it's craigslist, ebay, low-paid part-time no benefits service work, and organ sales... Great model.
Outsider wrote:
Microbes can go dormant for a thousand years waiting for environmental conditions to become favorable. Are you suggesting cryogenic suspension for the unemployed until there is work available for them?
Rajesh wrote:
What makes the Kochs and the neocons nervous enough to spend so much money | dagblog
"If Peak Oil finally happens we will be looking at some stark choices: whether we serve the Koch's as slaves or serve the Kochs boiled, baked or fricasseed. I can easily imagine which outcome they would prefer we chose."
I feels very sad for the unemployment person.it is very harmful for country's development.
rose709
Mortgage Interest Rates
Buggy-Whip-Horses-Reins
Newspapers-Radio-TV-Magazines
JP wrote:
CR: This deserves its own post. It is a vivid example of how the current mess is too big to handle with traditional methods. We need a radical reset akin to FDR's Bank Holiday.
Anonymous Bosch wrote:
AB, that is tooo funny!
I'd buy a horse, but they're overpriced right now. I'm waiting for some cheap ones from China to be imported.
Are you suggesting cryogenic suspension for the unemployed until there is work available for them?
Maybe you could work on a patent for that too.
ResistanceIsFeudal wrote:
I will never give up my Wurlitzer.
I have a protein factory out in the back yard. Raw materials include ivy leaves and kitchen veggie scraps.
"Fresh worms for sale! Get your big juicy reds right here! Worms for sale!
Juvenal Delinquent wrote:
next: "Debt-based money system" ?
it fits...
Of course it does.
The structure of the society has not changed all that much over the past couple millenia, it is only what those classes/casts do that changed, thanks to advances of technology and personal freedom (no more real slaves or serfs - but then again, think of Stalinist USSR and Maoist China)
Outsider wrote:
I'll add it to my list. But I warn you, anything that requires government funding goes to the very bottom of the list.
Juvenal Delinquent wrote:
RIF wrote:
That's whats keeping them alive, on life-support. You wouldn't want to disconnect that, would you, Dave?
Anonymous Bosch wrote:
Take this to the next step with the unemployed .... soylent green.
U.S. jobless rate hints at permanent shift - The Globe and Mail
Structural change in labour market may be behind lack government intervention’s lack of success
Gee I seem to recall some of us have been saying this for awhile ( and it's a Canadian newspaper not shill MSM to say it )
7.9 million jobs lost, many forever - Yahoo! Finance
km4 wrote:
The latest government survey showed on Friday that the jobless rate was 9.6 per cent in August, the 12th consecutive month that unemployment was at or above 9.5 per cent.
That’s a poor return on the hundreds of billions the Obama administration, backed by Congress, has poured into the economy over the last couple of years, and on the Federal Reserve’s decision to hold its benchmark interest rate near zero since December of 2008.
Mr Slippery wrote:
"Candy Mountain," Charley!
Juvenal Delinquent wrote:
Daisy... daisy.... give me your answer do... OUUIM HLLF CRAYYYYYZZZzzz...
Juvenal Delinquent wrote:
Any Lonnie Thompson followers here?
Scientist Watches Glacier Melt Beneath His Feet : NPR
Of course, more liberal lies!
Dave's not here.
Juvenal Delinquent wrote:
LMAO
Juvenal Delinquent wrote:
What do you mean, you CAN'T shut it off?!
Good column in today's NYTimes by Frank Rich
OP-ED COLUMNIST; Freedom’s Just Another Word - NY Times
We can’t afford to forget now that the single biggest legacy of the Iraq war at home was to codify the illusion that Americans can have it all at no cost. We willed ourselves to believe Paul Wolfowitz when he made the absurd prediction that Iraq’s oil wealth would foot America’s post-invasion bills. We were delighted to accept tax cuts, borrow other countries’ money, and run up the federal deficit long after the lure of a self-financing war was unmasked as a hoax. The cultural synergy between the heedless irresponsibility we practiced in Iraq and our economic collapse at home could not be more naked. The housing bubble, inflated by no-money-down mortgage holders on Main Street and high-risk gamblers on Wall Street, was fueled by the same greedy disregard for the laws of fiscal gravity that governed the fight-now-pay-later war.
...
And yet here we are, slouching toward yet another 9/11 anniversary, still waiting for a correction, with even our president, an eloquent Iraq war opponent, slipping into denial. Of all the pro forma passages in Obama’s speech, perhaps the most jarring was his entreaty that Iraq’s leaders “move forward with a sense of urgency to form an inclusive government that is just, representative and accountable.” He might as well have been talking about the poisonous political deadlock in Washington. At that moment, there was no escaping the tragic fact that instead of bringing American-style democracy and freedom to Iraq, the costly war we fought there has, if anything, brought the bitter taste of Iraq’s dysfunction to America.
Juvenal Delinquent wrote:
YouTube - Cheech and Chong " Dave's not here"
You turned off the sound, but I can see your blips moving and the last thing i'd want to have you do is jeopardize the mission, Dave.
ResistanceIsFeudal wrote:
We can but without HFT the markets will revert to fundamentals. Do you want that Mr. President?
I've never been as unmotivated in my life as when I was on unemployment back in 2003. I couldn't believe it - I was getting $400 per week to do nothing, and any menial work would just take away from my benefits. I consider myself a compassionate guy, but 99 weeks is a looong time to get your act together, cut expenses, move, get some training, start your own business, etc. I dont think people should be starving on the streets, but after 99 weeks food and shelter is all the government owes you.
pannkake wrote:
Don't I also get a prorata share of the GM IPO?
"I'd buy a horse, but they're overpriced right now. I'm waiting for some cheap ones from China to be imported. "
Careful. Chinese horses are known to sometimes kick whiteys in the *ss while not looking and still denying it!
Rob Dawg wrote:
"Hah! Timmy, there ARE no fundamentals! Oh, shit, is this thing on?"
YouTube - TOTO 99
"That will happen eventually as the population grows and households are formed."
Maybe the Petri dish is full and no more growing...
Is Plague or war the better answer? Big Pharma or the MIC?
99 weeks is a looong time to get your act together, cut expenses, move, get some training, start your own business, etc
As an additional incentive, long-term unemplloyed should be required to learn tricks like this
YouTube - Japanese Precision
/ducks and runs away
pannkake wrote:
See upthread...
7.9 million jobs lost, many forever - Yahoo! Finance
Ya grok the "many forever" bit? Forever is slightly longer than a recession.
Tom Stone wrote:
I'll take Plague for $200, Alex. It's less discriminatory.
LoserBeachBum wrote:
40 million refugee inoculations from the failed experiment dish to the south will reinvigorate the culture no doubt.
pannkake wrote:
They don't need unemployment. They should just start a bank.
BANK99
I'd bet the reversal of fortune would be swift: former 99-ers --> bankers, banksters --> 99-ers. SWEET!
Is placque or war the better answer? Big Dental or the MIC?
Anonymous Bosch wrote:
"Past returns are no indicator of future performance."
Rob Dawg wrote:
Obviously you haven't been following the regular Slumcasts, Dawg.
Why don't
comeuppance and see me sometime...Come on up, I'll tell your fortune.
Anonymous Bosch wrote:
That's right, I haven't... except when I do in which case...
21 hours before last week's amazing precious pop slumcast is busted.
Jackrabbit wrote:
Acceptable deposits:
Aluminum cans
Soda bottles (only available in Refund States)
Copper piping
Screen doors and windows (aluminum only)
We have government stimulus money being used to outsource jobs including building car plants for bankrupt and taxpayer owned GM in Russia and Brazil and just recently banking jobs to India to renegotiate and modify US home mortgages. If anyone had any doubts about the NWO, these are the smoking guns
LoserBeachBum wrote:
Are humans smarter than yeast?
t r orwell wrote:
Until it makes the mainstream press, only the fringes are going to know or believe the agenda of globalism is being worked out under the noses of the populace...
adornosghost wrote:
The problem is that allhumans have to be smarter than yeast. Just one and eventually....
*American-style democracy and freedom!
*Special ingredients for boosting the taste: Homeland Security, Elite Untouchables, Big Pharma, Big Banksters and MIC.
Mish is talking about dissolving cities...
Like in a vat of acid?
I see we have another adherent to the "funemployment" meme...One problem with the theory - many of the states that have the highest UE also pay the least in UE benefits. Here in Florida the MAXIMUM you can get is 275 bucks a week. I don't know too many people that can live on that.
Juvenal Delinquent wrote:
Just more union bashing.
220 000 new babies per day. We are totally going to test the Earth Humping Limit for Humans (EHLH).
A person who says this " Well, we got zero benefit unemployment-wise from the stimulus and in my book infinity times zero is still zero." should not be taken seriously
MrM wrote:
Sometimes.
Juvenal Delinquent wrote:
LoserBeachBum wrote:
Soylent green, I tell'ya. Don't knock it till you try it.
Juvenal Delinquent wrote:
More like drowning them in a pool of green pond scum built by hubris. The Half Moon Bay/Beachwood suit is infamous.
Comrade Kristina wrote:
Az max benifit is $260. wk
If you are single you then make too much for food stamps or state medical insurance.
pannkake wrote:
What if the government made the unemployed pay it back? Unemployment compensation becomes a loan?
Juvenal Delinquent wrote:
It's amazing how quickly the roar of the crowd and the smell of the greasepaint can turn one's perspective. Power corrupts... Fame too?
Barack Obama is locked in a lose-lose situation - Telegraph
MiTurn wrote:
You do have to pay income tax on any amount over $2000.00 IIRC
Although with deductions you probably don't really pay anything, just have to file so they can keep track of you.
I've seen a few people turn into crusader rabids, not a pretty sight.
MiTurn wrote:
Where do you sign up for your unemployment repayment loan?
Juvenal Delinquent wrote:
Juvenal Delinquent wrote:
What's the saddest thing is that TBP is how I discovered CR.
MiTurn wrote:
Sure, right after you pay off the credit cards, 401k loan, student loans, gov mortgage loan. All with the lower wages you get with the new job.
Overheard a few guys in the coffee shop talking about starting a landscape company. Apparently it's all about the name. So far we have:
"mountain dew"
"redwood"
"two men with wheelbarrows"
"tequila"
"dogwood"
"honest"
So far all of those were taken, except tequila. "Most of the plant names have been taken".
Wow! I don't think any business has lower barriers to entry, expect a lot more landscapers to open shop as we grind on.
Juvenal Delinquent wrote:
I think that we are beginning to see a huge wave of resentment building toward illegal aliens, if only as they become the scapegoat for unemployment in our country. This could become ugly.
Sardonic wrote:
Web designer.
Juvenal Delinquent wrote:
Ouch. This is too close to the mark JD. The continuing increase in the number of homeless on the street in my part of what you call the City of Angles is sobering. To adapt, the still-employed person has to develop a certain level of blindness, to relegate them to the background along with the buildings because there are too many of them to permit the individual employed person a productive response. But I keep seeing people who obviously have not been in this predicament for very long yet.
THAT is the disease. Uncle Same owes us nothing. It doesn't work to not require people to earn what they receive. They found this out here as early as the Plimouth Colony - early 1600s.
MiTurn wrote:
In Az it is already ugly. Citizens of hispanic decent are leaving. People who's families have been citizens for many generations. Allot of these people don't even speak spanish, thier greatgrand parents insisted on english only for the kids.
curious wrote:
Please, this is typical LA Times. They write about the child of privilege who's hit a slightly rough spot in the road and is dealing with it by surfing and meditation. This article trivializes the reality.
Anonymous Bosch wrote:
I can pick up the trash on my property much faster than the uncivilized masses can trash it. And I do so. My "local candy store" is a 7-11, same distance away.
And since the trashers toss away but don't pick up, I have happy fantasies about what their own properties look like.
Re: "as the population grows and households are formed"
This is where the Mexico Plan will come into sharper focus, as we watch the gap between poor and rich families, i.e., the rich will buy homes for their families and the poor homeless will try to survive (in an increasingly brutal America).
Juvenal Delinquent wrote:
flamina wrote:
Once I slipped past the guard tower and under the wire, I seldom make it back to LA, but when I do, I see things in 6 month stretches, so the changes are even more sudden.
I was on Pico @ A16 a few months ago, and there was a homeless guy with what i'd describe as a do it yourself fort, right on the sidewalk, made out of wood, about 7 feet long, by 4 feet wide and 4 feet high.
I see a future in homeless schooling.
Courses:
Effective spare change strategies
How to blend in to your surroundings
How to become a despicable member of your former community
Shopping Cart Repair
Recycling your way to a better neighborhood overpass
Rajesh wrote:
Perhaps if they loosen the laws against legal immigration.
flaminia wrote:
Pick one person, help that one person.
If each of us still employed helps one it is a step in the right direction.
flaminia wrote:
Doesn't everyone have parents in Malibu that they can crash with if they lose their job? I thought most of the unemployed in California were just hanging around Malibu, catching the tasty waves.
Bladerunner is only 7 yrs away
I guess web designer doesn't even need to leave the house. But a computer, desk, chair, and Internet isn't going to be too much less capital than a lawnmower, wheelbarrow and a rake.
Is there an age break-out for 99er's? My guess is that skews heavily to the young and old.
My daughter told me of accompanying one of her college room mates to financial aid and how shabbily she was treated there. She will be gone soon. She sat with her when she cried afterwards. I saw a tent in the woods BTW not two far from the school.
We drove down I-95 to pick her up yesterday. Earl must be killing the beach biz as traffic was light enough that we never dropped below 40 mph either way. At Aunt Sarahs pancake house the waitress told me it was a lot slower than they had expected.
Sardonic wrote:
Landscape Wars
josap wrote:
I seriously doubt that.
MiTurn wrote:
Tastes like chicken
The reluctant ECRI is starting to grasp the gravity of the situation. WLI dipped below 10% again.
Slower Jobs Growth Ahead
flamina wrote:
A couple of months ago in the shadow of a loading dock of a closed box store, I spied a new to the game homeless couple, both pretty pudgy, and they had way too much stuff, about 4 shopping carts full, but no shopping carts, their worldly possessions scattered akimbo all over the dock. They also were pasty white, and longtime homeless tend to look more like John Boehner or Le Tan Orange~
Black Star Ranch wrote:
I agree. That is why my earlier question, which I didn't make clear, was that the government could appease those who want extended unemployment benes by making them loans after 99 weeks. Won't happen though, because government largess is a now a right.
I had never been to Aunt Sarah's before and probably will never go again. They did have supersized chairs at all the tables to fit the clients. Most of whom needed them.
I had a small group of homeless come through our lot yesterday at work. One gal, one guy in a wheelchair and two other guys. They were trying to stay cool in the shade alongside our building but they were also drinking out of paper bags. I had to make them move off our lot (liquor license infractions).
km4 wrote:
In dog years?
Rob Dawg wrote:
Sí, yo tambien.
What's the most popular dip for Soylent Green crackers?
Sardonic wrote:
Funny you should write this. Just yesterday I was trying to calculate what a successful "landscaper" (face it, "mow & blow guy") could make if he or she had a full slate of clients who pay what I pay and whose places take as little time as mine does. I figured somebody could put together a decent modest middle class living plus a somewhat more modest--but definitely still livable--living for three crew members. Of course the competition will drive down the rates, unfortunately. I'll know we have really hit a new moment if I see non-Latino gardeners and crews.
nova wrote:
My unemployed friends, over 55, can't even get an interview.
These are people with good skills, stable job history, solid backgrounds.
Most are trying to figure out how to stay alive until they can take early social security.
It is hard to watch. Once very productive people redused to subsistance living, unable to contribute in a way they were very proud to do.
adornosghost wrote:
Another damnable eyewitness account that we who weren't there just know is false, 'cause it ain't consistent with what we wanna believe.
Every data point, everywhere, must agree with our preconceived notions!
Sour Onion?
Anonymous Bosch wrote:
beluga caviar
and Sour Creme 
josap,
That is what I am hearing too. Not that it was ever good to be over 45 and looking for work. Especially IT.
Right or perhaps Internet years
Anonymous Bosch wrote:
I don't know about a dip, but finger sandwiches are a natural match.
Are you suggesting cryogenic suspension for the unemployed until there is work available for them?
A Philip K. Dick plot scenario.
flaminia wrote:
I thought the writer used a very odd transition sentence after talking about the poor little IB guy.
Other classes of employees have experienced outsized pain as well.
Other classes of employees? Outsized pain? Just what pain did the IB guy suffer?
km4 wrote:
Oh please don't mention Internet years. I'm crossing my fingers that my t-shirt will arrive in - only - 3 more weeks.
Comrade Kristina wrote:
Speedy foreclosure on their property will speed the recovery process along.
pavel.chichikov wrote:
No one in my reading experience had a clearer picture of the future than John Brunner.
flaminia wrote:
Indeed - and not forgetting that he "He now trades commodities online from his home computer."
What the hell was the point of including him in the sample of stories - I wouldn't include ANY of my 5 buddies who are 2 years+unemployed in this type of article. They are all "making" something of a bad situation - mainly cos of low, nonexistent debt, financial cushion and doing stuff by the "taxes are voluntary" method.
Its the people who bought into the American Dream, the leveraged personal balance sheet, the reliance on a corporate/govt/state employee who I'd be very concerned about. Dunno whether
is concerned though ? He should.
MiTurn wrote:
And the government becomes the employer of last resort so the loan can be repaid. Sounds like a win-win for all!
skk wrote:
Here's my reality: three generations living under one roof. This is America's future.
speedy foreclosure, should it ever happen, would mean a lot of people getting dumped at once. Probably for at least a year until the backlog is caught up. In a perfect world the gov would plan for it a head of time and fund basic health care services, apprentice programs, and shelters before that happened.
My brother falls into the group of over 50 and can't find a job club, he doesn't have his parents in Malibu to bail him out, and he doesn't trade blips on the internet. But he's got mom, and 5 other families amongst us that would take him in like a brother, but of course...
He's got an enviable set of Plan B's, but not everybody is so lucky...
How? You are assuming all the unemployed own houses? Around here you can't even get a rundown hotel room for less than a grand a month and no apartment complex is going to rent to someone that doesn't have a job. Add to that the fact that companies are going out of their way to NOT hire unemployed people and you have a disaster.
flaminia wrote:
The landscape crew at the office biulding I work at changed from all Hispanic to 2 Hispanic and 2 white guys about 6 months ago. The fast food places now have employees who are mid 40s and cacasisan. One guy who used to have a landscape co in now in beauty school learning to cut hair ( this was the strangest thing to me).
MB wrote:
10,000 years since forming and a tropical glacier is still there? I'll accept that as evidence.
Ya'll talk about speedy foreclosure. Think about the next step for the foreclosed. Think about all the empty houses, people being dumped into the streets, and local gov services in cut back mode and facing a declining tax base for years ahead.
JP wrote:
My son-in-law's profession. All you have to do in order for continued success is be really, really creative, and really, really good.
nova wrote:
Compare to Waffle House please.
It's no accident that there are no plans to reduce unemployment. It's a strategy to permanently reduce the wages of the middle class so that US based capital is competitive globally, within the context of dollar reserve currency for Wall Street's casino fun. A reserve army of unemployed keeps most of the employed in check.
US 'likely' to keep troops in Iraq after 2011 - Yahoo! News
Hey every little bit helps to try and keep long term UE numbers down
nova wrote:
Sounds like a perfect setting for your Burners, huh nova.
Think about all the empty houses, people being dumped into the streets, and local gov services in cut back mode and facing a declining tax base for years ahead.
Sounds like your novels.
Some time last year somebody on this blog was advocating dumping people out of their houses. Is he going to get his wish? Is he getting it now?
I wonder how America reacts to the man telling them the new minimum wage is $3 an hour?
josap wrote:
Barber shortage/supply & demand ... probably not a bad idea
Black Star Ranch wrote:
The government IS the people. The government owes the people exactly what the people say the government owes them.
I am planning ahead for 3 generations under one roof. The doomstead search is built around 2 separate households living under the same roof.
pavel, it sounds like my novels because I base a lot of backgrounds based on what I read, especially here. It is pretty simple logic too.
MB wrote:
billions of webpages and trillions of photos ... I'm in this field, but see no future
Nonetheless, rubes are born all the time and people do pay for stupid things that don't work.... or get traffic.
You dump people on the scale a national speedy foreclosure program would create and you are asking for civil unrest and a host of other problems.
Anonymous Bosch wrote:
Mish != TBP.
,rad Dawgma,
Have you ever read anything by François Matthes?
You dump people on the scale a national speedy foreclosure program would create and you are asking for civil unrest and a host of other problems.
That's what I said - also that it would be terribly destructive socially, to families, to children.
Juvenal Delinquent wrote:
They won't as long as the shows arrive on time...
flamina,
Food wasn't as good. Ambiance was better.It cost more. Different crowd of people.
nova wrote:
1940 the trains run on time.
2010 the courts run on time.
Comrade Kristina wrote:
those lazy bastards...(Rush sayz)
Anonymous Bosch wrote:
Whew! For a second there, I was reading John Boehner!
Yes, Stand on Zanzibar is superb.
purple wrote:
I'm not sure it was the plan, but it is the logical outcome of a global econonmy.
josap wrote:
Absolutely... - One of my buddies, an ME, ex-Ball ( a major aerospace player) does sprinkler blowouts ( you don't get that in SoCal but in CO one shuts down the sprinkler systems in winter and blow out the water from the pipes ) - and in spring he does turn-ons - He has a client list of 300.. he charges $35 for blowouts. Last year winter came early - people neglected to call him early enough - result - LOTS of work for him this spring to fix broken underground pipes. We laugh about how well he did and he prays for a another sudden winter storm in late-Sep for this year ( I don't - of course ) - and due to the home visits he picks up several DIY-jobs over the summer months. Winters are the hardest apparently.
Of course he lives by the "taxes are voluntary" method. And he got a mod for his mortgage - 17 months of pestering ! ( still hasn't seen the paperwork but when I caution that they may be increasing the term to 35, 40 years and to watch the fine print he looks at me - "I'm 62, like I care if the mortgage is for 35 years" - I just want to hang on to the house - after I die they can take the house" I joke that this mortgage mod is like a reverse mortgage - without the fees and the high interest rate.
MiTurn wrote:
You can't start school (to learn a new skill) in most cases and continue unemployment benefits. Even if you do go into one of the limited job training programs you risk getting cut off and have them fumble around for months before they reinstate you. By which time you're homeless anyhow.
Eric wrote:
Oops. I get confused sometimes. No time to read either these days.
curious wrote:
None except the psychological blow to his overblown ego and sociopathic tendencies.
Comrade Kristina wrote:
Sorry. My comment was
. I thought it would be recognized as such, as a play on the NY Times FL foreclosure story.
Ah, of course. Sorry, still half asleep.
Juvenal Delinquent wrote:
No, I remember his works being referenced (Adams, Diblee for instance) but didn't know he had so many "writings." And of course his geodescription of the Owens Valley predestruction now so long gone.
Doc Holiday wrote:
In other words, for stupid things that don't work ... or that work.
Look at this other article from the LA Times about the Alameda Corridor and their debt load here
MB wrote:
Yes. In my opinion, we owe or neighbors a minimum of food and shelter. Rice and beans and a tent is plenty.