Archive for the ‘Corporations’ Category

Why Your Life Sucks – The Rise of the Permanent Temp Economy (via NYT)

February 6, 2013

This was a great article, well worth the read, that explains one of the many facets of how the threats to your personal economic security have arisen from past practices. Here is one part of how job insecurity has been creeping up on us since 1947:

The Rise of the Permanent Temp Economy

Politicians across the political spectrum herald “job creation,” but frightfully few of them talk about what kinds of jobs are being created. Yet this clearly matters: According to the Census Bureau, one-third of adults who live in poverty are working but do not earn enough to support themselves and their families.

A quarter of jobs in America pay below the federal poverty line for a family of four ($23,050). Not only are many jobs low-wage, they are also temporary and insecure. Over the last three years, the temp industry added more jobs in the United States than any other… Read More

via New York Times: The Rise of the Permanent Temp Economy.

I know that, in my career field, there is a lot of “contracting” – employment where the “employers” are just middle men, pimps who sell the labor of others to their clients (the companies that used to employ people) and reap tremendous profits for doing, well, nothing really, beyond payroll (which they farm out to ADP anyway), and the actual “we’re sorry, but you are no longer employed” conversation.

You are just a commodity.

(Ironically, when I spell checked this post prior to publishing it, the proofreading suggested I use the word “use” in place of “employ”. Ya think?)

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Regulations Kill Jobs

May 24, 2012

Regulations are bad! They hold people back, prevent economic progress… toward doom!

Ever wonder how to create conditions for a crash? Now you know.

(Thanks again to American Progress for the funny daily cartoons, like this one! You can see their archive and sign up for the daily funny in your inbox here.)

Why Are They Willing To Pay $26 Billion?

February 9, 2012

This just in from CNN:

In the largest deal ever to address the housing crisis, federal and state officials on Thursday announced a $26 billion foreclosure settlement with five of the largest home lenders.

The deal settles potential state charges alleging improper foreclosures based on “robosigning,” seizures made without proper paperwork.

Most of the relief will go to those who owe far more than their homes are worth, which is known as being underwater on the loans. That relief will come over the course of the next three years, with the banks having incentives to provide most of the relief in the next 12 months.

So why are the banks willing to pay $26 Billion?

(more…)

12 Days of Funny – Day Eleven

December 26, 2011

Wag the dog…

It looks like we won't be able to rein in the excesses of the gambling - ahem - banking industry unless Obama makes a recess appointment.

More on appointing Rich Cordray.

Tomorrow I wrap up my series presenting some of the best political cartoons I have seen recently.

(Thanks again to American Progress for the funny daily cartoons, like this one! You can see their archive and sign up for the daily funny in your inbox here.)

Loyalty

November 10, 2011

I read with great interest an article on CNN’s MONEY website, “Keep your job for  five years, get  $50,000”

CNNMONEY NEW YORK (CNNMoney) — One small business owner is putting his money where his mouth is when it comes to valuing his employees.

Dan Schneider, founder and CEO of SIB Development and Consulting in Charleston, S.C., is offering $50,000 bonuses to any of his full-time employees who stay with his company for five years.

“In this day and age, there is nothing that makes people loyal to companies anymore,” said Schneider. However, a $50,000 retention incentive can change that, he said… Read More

via CNN/MONEY.com

Cart. Horse.

The problem was never employees not being loyal to companies, at least not until companies stopped being loyal to their employees first.

Employees used to spend the majority of their working lives with one company. The company rewarded their loyalty with a pension, an annual bonus for the rest of their lives, an amount that was often more than a mere $250,000.

Don’t get me wrong… it is admirable that the company is rewarding loyalty. But there is no reciprocal loyalty agreement, and I guarantee you that the moment money becomes tight, the first to get laid off are those with 24 years and nine months with the company, and the next to go will be those with 4 years, 11 months and 29 days.

“Aww, jeez, you didn’t make it 5 years. Sorry, no bonus.”

How can I be so sure of this? It happened before. Employees approaching pension age were the first to go, cutting the costs of paying the pensions. Breaking that social contract led to disillusionment that is reported as a “lack of loyalty”. Those that do not learn from history yadda yadda yadda.

I would be truly impressed if the company had set aside $250,000 per employee and promised it to any employee it had to lay off, presuming they would have stayed with the company if they had been allowed to.

Cart. Horse.

The order matters.

Personhood

September 15, 2011

Constitutional amendment: the viagra of electile dysfunction.

I’m A Whore, But Not A Cheap Whore

September 1, 2011

“Rick Perry: He can’t be bought for $5,000.”

And apparently he’s offended by small bribes.

The Tea Party is Wrong (but not about everything)

August 30, 2011

The Tea Party is right – you ARE Taxed Enough Already.

The Tea Party is right – the government does need to balance its budget.

Waste is in the eye of the beholder

The Tea Party is wrong – the entire federal budget isn’t waste. Ask a dozen Tea Baggers and you’ll get a dozen different answers that all start “Get rid of everything… except (insert the program thet benefits them directly)”.

The Tea Party is wrong – we shouldn’t balance the budget by cutting more jobs in a bad economy.

The Tea Party is wrong – taxing the rich won’t bring our economy down. In fact, it will bring our economy back.

The Tea Party is wrong – the rich are not the most productive members of society.

The Tea Party is wrong – the rich don’t give us jobs like saints doling out dispensations. Jobs are created by economic demand. If there is money to be made, business will do whatever it takes to make that money, including hiring workers. If there is no money to be made, that is, if there is no demand for a good or service, no amount of extra cash on hand is going to incite a business to spend it on hiring a worker to produce a good or service that nobody can afford.  (And you can take that to the bank… because that is where big corporations are sitting on piles and piles of cash, waiting for demand to return, right this second!)

The Tea Party is wrong – they are supporting the very forces that are making their lives difficult and making them angry.

Rick Perry Stole Your Jobs

August 17, 2011

Secessionist (and Presidential Candidate) Rick Perry claims to have a record of job creation as Governor of Texas.

Never mind that the Governor’s post in Texas is nearly purely ceremonial in nature.

Let’s talk about where those jobs came from.

They came from your state. (more…)

The Cost of a Living Wage

June 7, 2011

I was driving to work this morning, reflecting on the fact that traffic is a lot lighter because school is no longer in session, when it hit me:

This is what life would be like all the time if companies paid a living wage.

See, it works like this… Those families lucky enough to be able to live on a single income, or unlucky enough to only have a single income even though they need more than one, with the kids at home, fewer people have a need to get up and be on the road at this ungodly hour.  What if… what if all families could make it on one income?  Fewer cars on the road means I get to work in about half the time, saving me time and…  GAS!

Holy cow, if the demand for gas dropped, the price of gas would be more affordable!  Whoa! (Plus the bonus of cleaner air, decreasing our funding of international terrorists, fewer oil spills…)

More kids would grow up with a parent present to guide them and help keep them out of trouble (decreasing the costs of  everything from juvenile courts to home repairs for damage done by delinquents).

Unemployment costs would go down… fewer people would be in the job market, meaning there would be fewer people actually unemployed.  Lower costs for welfare too… with fewer people in the job market, those who should be in the job market will actually be more likely to find employment. 

All of these factors actually LOWER the cost of doing business overall, and lower the cost of living for employees so that a living wage isn’t as expensive as it is now.


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