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Response to Cosmocat (Reply #38)

Fri Sep 7, 2012, 02:26 PM

57. Yeah, different.



Additionally:

From January 2009 through December 2011, 6.1 million workers were displaced from jobs they had held for at least 3 years, the U.S. Bureau of Labor Statistics reported today. This was down from 6.9 million for the survey period covering January 2007 to December 2009. In January 2012, 56 percent of workers displaced from 2009-11 were reemployed, up by 7 percentage points from the prior survey in January 2010.


That from the BLS, Here.

In other words, 44 of every hundred people got nothing, and the majority of the ones that did get re-employed were far more likely to lose a third or more of their income. On the other hand Jamie Dimon and other bankers are doing fine as QE1 and QE2, Twist, other programs continue to prop up their assets, in the hopes that it will trickle down to the rest of us.

The data update for the number of working poor for the past four years will be released not too long before the election, and it will show a steady increase in the number of working poor in the past 4 years. Our poverty numbers are already around 1965 numbers, and heading for 1960. If you weren't around then, it was a great time, everyone seeing a problem and trying to do something about it. Not hiding their heads in the sand and making excuses. 'Cause that really doesn't help anyone.

We will see if our current austerity program leads to a win.

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