7.9 million jobs lost, many forever
The recession killed off 7.9 million jobs. It's increasingly likely that many will never come back. Full Story »
Posted by jpinsatx - via Peter Avalos (t), avivao (f), Alex Williams (f)
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U.S. Economy
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economy, jobs, employment, outsourcing
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1 (as of 2010-07-03)
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Posted by jpinsatx - Jul 3, 2010 - 10:04 PM PDT
Reviewed by:
jpinsatx (review), Kaizar Campwala (review), Jon Mitchell (review), Dwight Rousu (review)
Content Type:
Article
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Edited by:
Kaizar Campwala - Jul 5, 2010 - 6:16 AM PDT
Good analysis into the new systemic causes of unemployment. It also uses good data, rather than government-stuffed jobs data that includes temporary census workers or other job growth illusions.
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(11 answers)
Moderate quality of descriptive statistics of the current job market, but Isidore possible actions that could change the job creation situation. Trade, labor, tax, energy and immigration laws could be changed to improve job creation. The current job losses can be traced to outsourcing work, low or zero tariffs, importing cheap labor on work visas, and cheap oil for transporting foreign goods.
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(12 answers)
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