February 20th, 2011 11:26 EST
19 Scary Facts About Getting a Job in America
Why finding work today means `going up against terrifying odds`
Business Insider has published "19 Scary Facts About Getting a Job in America."
Anyone who thinks this is merely another run-of-the-mill post-war recession and not simply what globalism looks like - namely, prolonged structural unemployment caused by multinational corporations fleeing high-cost labor markets to exploit low-cost labor markets - is well advised to consider the following:
1) If you lose your job today, there`s a 70 percent chance you won`t find a job in the next month.
2) If you`ve been unemployed for a year, there`s a 91 percent chance you won`t find a job in the next month.
3) Two million people have exhausted 99 weeks of unemployment benefits. Another four million will do so in 2011.
4) There was zero job growth in the past decade, the worst 10 years on record.
5) In the most optimistic scenarios, payrolls won`t return to 2008 levels until 2013. In that time, the population will grow by 5 percent.
6) More than one in four jobs added to the economy last year were temporary.
7) At 2000 levels of labor force participation, the unemployment rate would be 13 percent.
8) When you count the unemployed, underemployed and discouraged workers, only 47 percent of the work force is fully employed.
9) The number of workers over 55 has increased nearly 8 percent in three years. No retirement means no hiring.
10) Four out of 10 baby boomers said they will have to "work until they drop."
11) The average length of unemployment is 22 weeks.
12) For workers over 55, the average length of unemployment is 43 weeks.
13) In one of the hardest cities to find a job, Las Vegas, there are nine applicants for every job opening.
14) No jobs crash since the Great Depression of the 1930s even compares to what`s happening now, in terms of the number of jobs lost by the economy as a whole.
15) A 1 percent increase in unemployment leads roughly to a 1 percent increase in suicides.
16) More than 3 million manufacturing jobs have been lost since 1998.
17) The number of motor vehicle manufacturing jobs will decline by 20 percent in the next decade.
18) The number of apparel manufacturing jobs will drop by 57 percent over the next decade.
19) Here is the competition: A network engineer in Bangladesh makes $6,000 a year, while a CEO earns $30,000 on the average.
"Although hiring is improving, that improvement is gradual and the outlook for many Americans is bleak," wrote Gus Lubin and Robert W. Johnson for Business Insider. "Especially the record number of 99ers, the baby boomers with no money saved for retirement, the college debt slaves who can`t get a job, and the factory workers who don`t have skills for the new economy."
The Business Insider report concluded with the following observation: "Getting a job today means going up against terrifying odds."
ABOUT THE AUTHOR: Jerome R. Corsi received a Ph.D. from Harvard University in political science in 1972. He is the author of the #1 New York Times bestselling books THE OBAMA NATION: LEFTIST POLITICS AND THE CULT OF PERSONALITY and the co-author of UNFIT FOR COMMAND: SWIFT BOAT VETERANS SPEAK OUT AGAINST JOHN KERRY. He is also the author of AMERICA FOR SALE, THE LATE GREAT U.S.A., and WHY ISRAEL CAN`T WAIT. Currently, Dr. Corsi is a Senior Managing Director in the Financial Services Group at Gilford Securities as well as a senior staff writer for WorldNetDaily.com.
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ABOUT RED ALERT: Jerome Corsi`s RED ALERT is your weekly, global financial strategies newsletter. Designed to be your guide to economic trends in the best of times and the worst of times, it is edited by New York Times best-selling author Jerome Corsi, Senior Managing Director of the Financial Services Group at Gilford Securities as well as a WND senior staff writer and columnist. For 25 years, Corsi worked with banks throughout the U.S. and the world developing financial services marketing companies to assist banks in establishing broker/dealers and insurance subsidiaries to provide financial planning products and services to their retail customers. Corsi developed three third-party financial services marketing firms that reached annual gross sales levels of $1 billion in annuities and equal volume in mutual funds. Corsi received his Ph.D. in political science from Harvard University in 1972.
By Dr. Jerome Corsi
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