sad labour market for a few years

As economic analysis, and experience teach, the labour market follows che monetary, then the production cycle with a variable lag of a few months. Most rich countries are well advanced in the labour market crisis, lead by the US where the downward fall is just catastrophic.

Look at the alarming statistics prepared on Feb.6 by the nancy Pelosi office, in order to set the ground for the discussion of the stimulus:

090206jobsrecessionsThe management section of the ft surveys today the grim European labour markets:

Why a good job is hard to find

April 7, 2009 1:25am

For those looking for work in these troubled times, there is good and bad news. On the positive side, there are at last “British jobs for British workers” as migrant labour heads home. The bad news? The vacancies include meat packing, sorting potatoes, grating carrots, cleaning, and – the least bad options – working as a retail assistant or in a fast-food restaurant. In Spain, strawberries are being harvested by Spaniards for the first time in years. “Picking strawberries is the last resort, but it’s all there is,” said Jose Maria Gomez, a 29-year-old former construction worker, in The New York Times last month.

As one employment agency manager told this newspaper recently, a new type of job-seeker has emerged. “It’s what I’d call older, middle-aged people who have been in work for 10, 15, 20 years in one place,” she explained, “and now with the climate as it is, they are made redundant and are willing to take on anything. It is heartbreaking.” It is sad seeing highly skilled people being forced to take on semi or unskilled jobs. But while such work may be back-breaking, is it really “heartbreaking” as well? Having a good job – that is, interesting work in civilised conditions – is clearly preferable to having a bad one. But better a miserable job than no job at all.

So with unemployment rising just about everywhere, it might seem an odd time to start a debate on “good work”: what it is and to how create more of it. That is what the Smith Institute, a London think-tank, has done, launching a pamphlet* on the subject at a seminar last week.

The remainder of the article can be read here.

Published in: on April 9, 2009 at 6:24 am  Leave a Comment  
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Job losses in the US

Today from the office of the speaker, Nancy Pelosi: an alarming comparison of  job losses in the US recessions 1990-1, 2001-3 and 2008-10.


Published in: on February 7, 2009 at 4:35 pm  Leave a Comment  
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Grapes of Wrath

GRAPES OF WRATH no.1: rent the video (you better buy it, and read again Steinbeck’s book) and take a look at
No.2 has many locations across and beyond America, e.g.:
a) subprime ones in …
b) tomatos picking by migrant people nearby Naples and in South Florida
c) rural migrants building up Shangai, Shenzen
From the new, static “ACCESS PAGE TO ALL THE SUBPRIME SCIENCE” (this is marketing), you enter a 20 pages pdf, a guide to essential knowledge, and carefully selected readings on the financial meltdown that threw US people (mainly black, but also latinos) out of home, and is about to produce  millions of unemployed and new slaves across labour markets.
Grapes of wrath no.2.