Abandoned Youth - No More Future
Written by Michael Collins
Wednesday, 09 November 2011
Where is the future when there are no more jobs? The Money Party has picked every apple in this orchard and moved on. The youth of America entering the job market are abandoned. And Michael Collins has the stats and charts that put this reality into infuriating relief.
If you are twenty four or younger, you are likely either under or unemployed. Only about 60% of those 16 to 24 years old are in the labor force (those employed or seeking jobs). Their unemployment rate is 18%.
For years, Money Party lackeys, our (s)elected officials, put out a propaganda line that said, Get an education or there's no future for you. Well, lots of people got a college or trade school education or on the job training and there are no jobs for them.
Here's why:
There has been no increase in jobs in the United States since 2000. In fact, the number of jobs relative to the total workforce has actually declined. Negative job growth for eleven years shows that the current economic system has failed miserably. Here's the ugly picture the rulers won't talk about.
Negative job growth for over an entire decade: how could that be?
The Money Party had enough in the bank to spend $5 trillion and counting on Iraq and Afghanistan.
The party had enough to provide Wall Street with several trillion in loans and with guarantees of $100 trillion ($24 trillion at risk for the bailouts and $75 trillion for Bank of America derivatives).
The Money Party was particularly generous with foreign countries with free trade agreements and outsourcing all sorts of jobs.
Why aren’t there jobs for you? Where's the commitment to those entering the job market?
They've picked every apple in the orchard and they're not stopping. They got their war on in Libya with no problem. They build weapons that cost trillions of dollars. There are tax breaks for the largest corporations (GE paid no taxes in 2010). The generosity of the money party is endless until it comes to the people who do the work, make the sacrifices, and bear the burden. Then the party says it's time for you to sacrifice. What they're really telling us is this: We are nothing to them.
Here's how bad it is if your 16 to 24 years old.
The situation for citizens 16 to 24 years old is even worse. Only about 60% of the youth population is in the work force, working or seeking a job. 18% are unemployed. Work for this group involves predominantly low paying jobs. It's getting worse by the year. Youth unemployment was 14% in 2008. At 18%, the 2011 rate is up 29% since then. In absolute numbers, there are 2.4 million fewer youth employed in 2011 compared to 2008.
Free trade agreements and off-shoring have assured that many good paying jobs were exported to other countries, never to return. For those jobs remaining, the anti-union campaign by the Money Party over the past decades assures that the remaining jobs will continue to offer the lowest pay possible. Many jobs are part time assuring no health or other benefits. Many full time jobs for younger workers have reduced benefits.
And try being self-employed and having health insurance. The costs are brutal.
Big Promises, No Return
The politicians of parties, big bankers, and Wall Street types like to talk about how things will keep getting better. When they don't, they haul out the "S" word - sacrifice. They're not the ones who will sacrifice their privileges, position, and power. It's you. You sacrifice a decent paying job that will allow you to start your life. You sacrifice benefits that protect your health, and a future that will improve with hard work, creativity, and a little luck.
What do you get for your sacrifice?
More unemployment, fewer good jobs, and less opportunity.
No More Future … for Anyone
In case you run across one of those idiotic articles about youth resenting the older generations for the state of the economy, remember this. The real overall unemployment rate in the entire country is 23%
when you count everyone who wants a job and can't get it! The blue line on the chart below includes the official unemployment rate plus: short and long term discouraged workers, " as well as those forced to work part-time because they cannot find full-time employment" (Shadow Government Statistics, November 4, 2011).
when you count everyone who wants a job and can't get it! The blue line on the chart below includes the official unemployment rate plus: short and long term discouraged workers, " as well as those forced to work part-time because they cannot find full-time employment" (Shadow Government Statistics, November 4, 2011).
When the real unemployment rate (the SGS alternate above) reaches 23%, we're not far from numbers seen in the Great Depression.
The only serious public call to address the ravages of unemployment was issued by Anonymous when it called for the occupation of Wall Street (Hello Wall Street - We Are Anonymous). The numbers don't lie. The spread of the occupation throughout the country is a reflection of a reality that The Money Party just can't face. The party is over. The decades of greed, theft, endless wars, and neglect have hit a wall that won't move -- the people.
Stop giving away the country to Wall Street and the big banks. Quit shipping jobs overseas. End needless wars and military adventures and bring the troops home from the 700 bases around the world. Encourage small to medium size businesses and entrepreneurs. Start fixing the roads, bridges, and buildings falling apart. That represents the best path to job growth. Provide quality low cost or free education for all. And stop wasting time.
Make all politicians and government officials sign an iron clad contract against fraud and nepotism with 10 year sentences in federal prison for those who violate the public trust. Then we'll see who is left to help us out of this mess.
Originally published at The Money Party . Copyright © 2011, Michael Collins. Reprinted with the permission of the author. This article may be reproduced in part or whole with attribution of authorship and a link to this article.
Writer Michael Collins focuses on clean elections and voting rights. He is the publisher of the web site The Money Party. His Scoop Independent News articles can be found here.
Writer Michael Collins focuses on clean elections and voting rights. He is the publisher of the web site The Money Party. His Scoop Independent News articles can be found here.
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