UNEMPLOYABLE & UNDEREMPLOYMENT
Jobless Americans now exceed 1967 figures. But unemployable and underemployment are the words we should all be looking at. With the tsunami coming rippling throughout the auto sector expect unemployment to skyrocket. But the industry workers face a worse reality – they are unemployable. As terrifying as that is for families across our nation it is a stark reality. Even if the workers in ghost towns created by plants closing – and this is not just auto – could get a job they would be severely underemployed at best. Basically, what option do they have? What option for work may be available for them? If industry leaves many towns there is nothing for them out there. If they live in larger cities they will never see the kind of wages they were likely earning prior.
The employment figures issued by the government are up and down week to week. The political machine is looking for some light to parley into political showmanship. But the reality is this will continue to rise as defense is getting hammered, retail, finance and every other sector. The fact that fewer companies may be laying off fewer workers has little bearing on the fact that all the workers that have and can find work are way UNDERemplyed. We do not figure this into the numbers and certainly not into our national consumption projections – the key element to our nation’s recovery.
What is going to happen when the auto sector is hobbled – and it will be? What will all those towns and workers do? We focus on manufacturing but up and down the supply chain, dealerships, parts manufacturers, vehicle finance and more will have severe layoffs and bankruptcy too. We all watch these unemployment figures and will watch them rise but I believe they are not the only useful numbers in portraying or economic strength. I believe they are touted when up and disregarded when sinking anyway. But the real fact is the US Consumption Economy will lose so much more and more participation from the underemployed – unemployable and of course unemployed but my opinion is the prior 2 classifications are forgotten, overlooked and more devastating to families and our economy.
Jobless Americans now exceed 1967 figures. But unemployable and underemployment are the words we should all be looking at. With the tsunami coming rippling throughout the auto sector expect unemployment to skyrocket. But the industry workers face a worse reality – they are unemployable. As terrifying as that is for families across our nation it is a stark reality. Even if the workers in ghost towns created by plants closing – and this is not just auto – could get a job they would be severely underemployed at best. Basically, what option do they have? What option for work may be available for them? If industry leaves many towns there is nothing for them out there. If they live in larger cities they will never see the kind of wages they were likely earning prior.
The employment figures issued by the government are up and down week to week. The political machine is looking for some light to parley into political showmanship. But the reality is this will continue to rise as defense is getting hammered, retail, finance and every other sector. The fact that fewer companies may be laying off fewer workers has little bearing on the fact that all the workers that have and can find work are way UNDERemplyed. We do not figure this into the numbers and certainly not into our national consumption projections – the key element to our nation’s recovery.
What is going to happen when the auto sector is hobbled – and it will be? What will all those towns and workers do? We focus on manufacturing but up and down the supply chain, dealerships, parts manufacturers, vehicle finance and more will have severe layoffs and bankruptcy too. We all watch these unemployment figures and will watch them rise but I believe they are not the only useful numbers in portraying or economic strength. I believe they are touted when up and disregarded when sinking anyway. But the real fact is the US Consumption Economy will lose so much more and more participation from the underemployed – unemployable and of course unemployed but my opinion is the prior 2 classifications are forgotten, overlooked and more devastating to families and our economy.
1 comment:
In order to win the best jobs and ultimately your dream job in today's world, you have to work like a ninja. Your job search must be different than everyone else's. You have to search where others don't search. You must have a strategic plan of attack.
Post a Comment