Unemployment: No Help In Sight.

by Project Censored

During the 2012 election, neither predidential candidate is provided a concrete solution to our current job market crisis. This is because high unemployment is desirable for corporations as it boosts profitability by lowering wages. Instead of implementing public policies to create jobs, the Federal Reserve is printing large quantities of money, risking super inflation.

Corporations are only hiring workers in order to increase profits. With jobs becoming scarcer, corporations can lower wages and still gain employees. This greatly affects college students as they are graduating with higher debts, but struggling to find jobs that pay enough to pay these debts off.

Those who do not find jobs are forced to join the 12.5 million people who are officially unemployed or the 9.5 million who are “unofficially” unemployed. The “unofficially” unemployed are the ones not actively looking for work, “discouraged workers,” part-time workers who want to work full-time work. The people who have quit looking for a job are no longer counted in the official unemployment statistic, giving a false sense that the job market is improving.

Article Name: “Unemployment and Hopelessness. The Job Crisis and the US Elections”
Author: Shamus Cooke
URL: http://www.globalresearch.ca/the-job-crisis-and-the-us-elections/5305088

Name: Sam Sorrell, Sonoma State University
Evaluator: Keith Gouveia, Sonoma State University