Learn a dance routine by watching as many videos of different dance styles as you can find online:
Faced with a record unemployment rate in June of 5.3%, President Obama is trying to do everything he can to spur growth of the American economy. “Our economy is on a roll,” Obama proclaimed. “We’ve got the longest uninterrupted stretch of private-sector job growth in American history, with more than 6 million new jobs created in the past year,” he added. But why do we need so much more new jobs?
What would an economy on the upswing look like if you included the long and short-term unemployed? (Photo: Getty Images)
In the US, unemployment has been dropping for years — at least in part because of the low cost of living. People are able to take the jobs people don’t want, and these people have low unemployment because they don’t have to work. When people with good jobs just aren’t ready to work, the economy falls apart.
But in other countries, it is often much harder for low-wage workers to find jobs. Even before the Great Recession hit, the US had almost 2 million fewer jobs per month than they were in 2007 — and, as a result, US employment had actually fallen for 20 straight months, ending in February 2009 at less than two percent of the population. There are also growing concerns about the lack of full-time work, which is especially important for families whose workers might be forced to drop out of the workforce to care for children or ill relatives.
In addition, this year’s weak economy is not just bad for the economy as a whole — it is also making the life of the long-term unemployed, who are also often the first to be offered “reform” programs that try to help them get back into the workforce, miserable. For example, when millions of people are losing their jobs every month, it is extremely difficult if not impossible for those people to get into a training program, which would give them a chance to get a job right out of the gate. So many people are living out their lives on benefits (as part of Temporary Assistance for Needy Families, or for instance in food stamps) that they don’t have very much job security as a result.
To put it another way, Americans just aren’t being offered good-paying jobs to begin with. In contrast to the rest of the world, American companies have made very little headway in developing new jobs since the
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