The following is evidence that the Wall Street economic mindset still persists:Jobs are likely to remain scarce through next year and maybe beyond that even though the overall economy seems to be picking up.
Apparently, jobs are not part of the overall economy.
Taking this mindset to its logical conclusion, we can envision a day when very few people have jobs. I presume the many people without jobs will have the resources they need to survive and even thrive. Sounds like a Utopian socialist society.
Psssst... Do Something
- Contact the Broadcast Media
- Contact the Newspapers
- Contact the US Senate
- Contact the House of Representatives
Sources:
Associated Press, "New jobless claims drop, benefit rolls reach 6.7M," Christopher S. Rugaber, AP Economics Writer, May 21, 2009.
