Notes From My Journal
What’s the Truth About Employment in America Today?
It’s also tough to find qualified people for the publishing and marketing industries. It’s a good time to be looking for a job. Not a good time for finding employees.
I don’t know how this cut of the employment situation is countrywide, but in claiming “victory” for making America great again, President Trump has cited (among other things) record low unemployment statistics.
My colleague Bill Bonner had something to say about this recently on his blog https://bonnerandpartners.com.
President Reagan’s budget advisor, David Stockman, writes that, while the official unemployment rate has gone down, the number of full-time, “breadwinner” jobs in America, as reported by the Bureau of Labor Statistics in July, was 73.83 million.
When the century began 18 years ago, the number was 72.73 million. Only 1 million decent new jobs have been created – while the U.S. population has grown by 48 million people!
Almost all the rosy jobs numbers are traceable to 1) people dropping out of the workforce, 2) low-paid, part-time jobs in the leisure and medical service sectors, and 3) inflation.
From My “Work-in-Progress” Basket
Should I Care Even Less?
Next on My Passion Diet: Economic Theory
Popular philosophy today promotes the idea that a good life is a passionate one, that by caring more we can lead fuller lives.
I used to feel this way. Do it with passion or don’t do it at all. I can’t say it was an idea because I didn’t actually think about it. It was how I approached my life. I was passionate, sometimes get-into-trouble passionate.
So when I was introduced to Buddhist thinking in my college years, I was appalled at one of the “four noble truths” – that desire (i.e., passion) is a primary cause of suffering and that the proper path in life was to get rid of desire.
The idea seemed prima facie absurd and/or repugnant. All my fun came from my passions. Why should I give them up?