Posts Tagged ‘Occupy’

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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Well, crap.

June 6, 2012

So Walker survived the recall election.  Damn.

Well, at least there is a good chance he’ll end his term in jail.

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…)

Just Like The Rest Of Us Redux

January 16, 2012

Thanks to CNN, we have a pretty good picture of how just like the rest of us the candidates are.

Candidate                Net Worth
Low Estimate  High Estimate 
Mitt Romney   $85 million $264 million 
Jon Huntsman   $16 million  $72 million
Newt Gingrich    $7 million  $31 million
Barack Obama    $2.8 million  $11.8 million
Ron Paul    $2.4 million   $5.4 million
Rick Santorum    $1 million   $3 million
Rick Perry    $1 million   $2.5 million
The Rest of Us
  51%-99%  $120,000   $1.2 million
  0%-50%  -$40,000  $120,000

I guess these guys really DO understand the rest of us.

(Some references here and here.  BTW the low end of the 0% of being $40k underwater is just a blind guess, and I have no facts to back it up.  But there are plenty of people, especially those affected by the Great Recession, who owe more than they are worth.  You pick a number, anything less than $0.  Any way you slice it, it is still bad.)

Pro-Democracy Protests in Egypt Provoke Violent Police Crackdown

November 21, 2011

Oh, wait, maybe that was the wrong headline. Let’s try that again… (more…)


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