Written by Jeff Nielson Thursday, 31 October 2013 11:07
“Structural unemployment” (i.e. permanent unemployment) is nothing new in Western societies. Indeed, it has been a constant fact-of-life in our economies ever since the Industrial Revolution. What is new is the choice by Western governments to ignore this problem – which is now a gigantic crisis.
The dynamics here are as simple as they are unequivocal. At the dawn of the Industrial Revolution; the normal “work week” was approximately 7 days a week, 12 hours a day, more than double the current work week.
What happened? Have Western workers simply gotten “lazier” and “lazier”? Hardly. Rather, they were the recipients of – and now victims of – the Dynamic of Technology. The principal is simple: technology always eliminates the need for labour faster than it creates new employment opportunities.
This has been a constant and unequivocal parameter of Western economies for more than two centuries. With less and less work available every year; the length of the work week must be steadily reduced – as the only possible means of maintaining full employment. Yet in the Age of Computerization (the most-rapid elimination of labour in history), our corrupt/sadistic government have chosen to ignore this dynamic, needlessly causing enormous structural/permanent unemployment in our societies.
Western structural unemployment has been allowed to grow to such an obscene size that it now ranks as the greatest economic plague in our modern history (i.e. since the Industrial Revolution). U.S. data will be used to illustrate the magnitude of this plague simply because it is most easily available; but the plague applies (more or less) equally to all Western economies.
“Total employment” in the U.S. is just over 144 million people, in a population of 317 million. This translates into 46% of the population of having jobs, and 54% not working. Yet we have the U.S. government claiming an “unemployment rate” of just over 7%. Obviously the government lies.
As illustrated in my most-recent commentary; during this current Greater Depression, U.S. wages have fallen all the way back (in “real dollars”) to “Great Depression” levels. For the Working Poor; this means that two-wage earners are now required in most households just to stay above the Poverty Line.
In overall numbers; this translates into over 50 million unemployed Americans who want/need jobs today – if they were allowed to work. If we add those 50+ million unemployed Americans to the 144 million who have jobs; we get a “total workforce” which (for the sake of convenience) we will round-off to 200 million. With 56 million unemployed out of a total workforce of 200 million; this translates into an unemployment rate of 28% -- four times the fictional, “official” rate.