Friday, December 05, 2003
"The Economy"
Am I tired of hearing about "the economy" and how well it's doing now.
The question is: Who is the economy doing well for?
Not the people who haven't got jobs—unemployment isn't down.
Not the people who do have jobs—the recent productivity jump comes from an old-fashioned application of the lash, where the whip is fear of being fired, overtime being taken away, fear of losing insurance, and so on.
For the corporations who haven't moved their offices to a box number in the Caribbean, all is well, though. (Especially since the ones who have moved your job offshore. )
But the economy is real people, not paper persons...
The question is: Who is the economy doing well for?
Not the people who haven't got jobs—unemployment isn't down.
Not the people who do have jobs—the recent productivity jump comes from an old-fashioned application of the lash, where the whip is fear of being fired, overtime being taken away, fear of losing insurance, and so on.
For the corporations who haven't moved their offices to a box number in the Caribbean, all is well, though. (Especially since the ones who have moved your job offshore. )
But the economy is real people, not paper persons...