Posts Tagged ‘unemployment’

For many Americans, jobs crisis to last many years

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January 7, 2012

 

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For many Americans,
jobs crisis to last many years

For many Americans, jobs crisis to last many years, Reuters on The Raw Story, January 7, 2012, by Reuters: Logos57: A Caring Community is pleased to partner with The Raw Story to bring you cutting edge news:

ORLANDO, Florida (Reuters) – – Despite an upswing in hiring during 2011, the jobs crisis could last many more years as millions of Americans struggle to find work.

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In Orlando, Florida, Brenda Solomon lost her retail job last May at a department store and was unable to find even temporary work during the holiday season.

“I’ve tried and tried and tried,” Solomon, 58, said on Friday while visiting a job center.

Earlier, the U.S. Labor department said employers added 200,000 jobs during December, many more than expected by Wall Street. In 2011 as a whole, 1.64 million jobs were created, well above the 940,000 in 2010 and the best showing since 2006.

But the amount of jobs in the economy is still about 6.1 million lower than before the brutal 2007-2009 recession. At December’s pace of gains, it would take about 2 1/2 years just to get back to pre-recession levels of employment.

That means many people will be in for an agonizing wait.

In December, 5.6 million of the nation’s unemployed had been out of work for at least six months, the Labor Department data showed, only slightly lower than the previous month.

Laquanda Carmichael has been without work for just over a year and has seen no improvement in the labor market.

“It’s been the same to me. I have a lot of discouraging days,” the 39 year-old former science teacher and hospital worker said.

“I’m looking for anything right now. Warehouse processing, hospitality, anything.”

While jobs creation certainly picked up in the United States during the end of the year, economists point out that even a gain of 200,000 underwhelms considering constant growth in the population and the still-high 8.5 percent unemployment rate.

Princeton University economist Paul Krugman said that at December’s pace it could take a decade for the labor market to recover from the recession.

In a back-of-the-envelope calculation, Krugman was considering that the country’s growing population adds at least 100,000 people to the workforce every month.

“We need much faster job growth,” he wrote on his blog. “It says something about how beaten down we are that this (jobs report for December) is considered good news.”

The unemployment numbers reflect a persistent difference between those with a higher education and those without – especially in certain sectors like engineering.

Nearly 90 percent of 2011 graduates from Worcester Polytechnic Institute in Massachusetts got jobs or attended graduate school – almost the same level as before 2008.

Jeanette Doyle, director of the school’s Career Development Center, said there was a 7 percent uptick in late 2011 in the number of companies at the school’s fall recruiting event, and 17 companies were on a wait list to get in.

For lower-paid Americans, the picture is very different.

Construction worker Richard White, also at the job center in Orlando, has not had steady work in the last three years, and gets by on occasional stints doing electrical work or carpentry.

In December, the construction industry added 17,000 jobs. But that sector, devastated by a burst housing bubble that helped trigger the last recession, has even farther to go than the rest of the economy before it can recover.

There were still almost a third fewer construction jobs in December than at the industry’s pre-recession peak in August 2006.

As for the December’s advance, White said: “I’m not seeing it.”

(Additional reporting by Jilian Mincer in New York; writing by Jason Lange in Washington; Editing by Diane Craft)

Comment by Paul Evans:

In my town of Wooster, Ohio, which is only 25,000, but is the marketing hub for 130,000 people, I am seeing a little bit of a thaw, as some jobs are opening up. Still, this is the most lopsided so-called recovery I have seen or read of. It seems that, given the greed of the rich and the ability of technical computer programs, I actually truly believe that this recovery is only of, by and for the rich, and that it was engineered that way very deliberately. If you are poor but informed, you already know this. This recovery is for the multinational corporations, investment banks and the very rich. By no means for the ordinary person trying to get by.

The best measure of this I have found backing up my claim is that, as of last February, the unemployment rate for those making $100,000 or more was 3.2 percent, while the unemployment rate for those making $20,000 a year or less was 31 percent.

Try to understand: for the very rich, your welfare or the lack of it is irrelevant. YOU are irrelevant to these people. The only way we can take back America is to get the right candidates nominated and then build up enough of a cooperative network of organizations to get them elected, on a mass scale. Yes, we progressives have been and are very discouraged: the very rich control our government, and they aren’t about to let go of that control without a bitter fight that I personally do not see happening.

Voters seem to not be aware of what is in their own interest. Right now, the lowest 80 percent of us in wealth control only 17 percent of the wealth of America. This is not a pretty picture. ~ Paul Evans

Obscenity of the day: The best paid hedge fund manager makes more money in a year than the entire group of 80,000 New York City school teachers do in three years, according to Paul Krugman. Something is incredibly immoral about that.

See For Working People, Evans Liberal Politics, May 29, 2011, by Paul Evans.

See Editorial: Waiting For Recovery, NY Times, January 7, 2012.

See Income Inequality: Too Big to Ignore, The New York Times, October 16, 2010, by Robert H. Frank.

See Obama to Businesses: Bring Jobs Home, The Raw Story, January 7, 2012, by Reuters.

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My Kind of Music: Walter Trout – They Call Us the Working Class

Evans Liberal Politics
September 4, 2011

 

My Kind of Music:
Walter Trout – They Call Us
the Working Class, But We
Ain’t Working Anymore


Originally Published March 31, 2010

Walter Trout’s .mp3 page on Amazon.com.

Robert Reich: The Zero Economy

Evans Liberal Politics
September 3, 2011

 

Robert Reich: The Zero Economy

The Zero Economy, Robert Reich.org, September 2, 2011, by Robert Reich, used with permission, quoted verbatim:

The Bureau of Labor Statistics reports today no jobs were created in August. Zero. Nada.

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Well, not quite. The strike at Verizon reduced the labor force by 45,000. Minnesota government employees returned to work, adding 22,000. So in reality, America added 23,000 jobs. Almost zero.

In reality, worse than zero. We need 125,000 a month merely to keep up with population growth. So the hole continues to deepen.

Since this Depression began at the end of 2007, America’s potential labor force – working-age people who want jobs – has grown by over 7 million. But since then the number of Americans with jobs has shrunk by more than 300,000.

If this doesn’t prompt President Obama to unveil a bold jobs plan next Thursday, I don’t know what will.

The problem is on the demand side. Consumers (whose spending is 70 percent of the economy) can’t boost the economy on their own. They’re still too burdened by debt, especially on homes that are worth less than their mortgages. Their jobs are disappearinig, their pay is dropping, their medical bills are soaring.

And businesses won’t hire without more sales.

So we’re in a vicous cycle.

Republicans continue to claim businesses aren’t hiring because they’re uncertain about regulatory costs. Or they can’t find the skilled workers they need.

Baloney. If these were the reasons businesses weren’t hiring – and demand were growing – you’d expect companies to make more use of their current employees. The length of the average workweek would be increasing.

But the length of the average workweek has been dropping. In August it declined for the third month in a row, to 34.2 hours. That’s back to where it was at the start of the year – barely longer than what it was at its shortest point two years ago (33.7 hours in June 2009).

It’s demand, stupid.

So what does a sane nation do when the consumers and businesses can’t boost the economy on their own?

Government becomes the purchaser of last resort. It hires directly (a new WPA and Civilian Conservation Corps, for example). It helps states and locales, so they don’t have to continue to slash payrolls and public services. (The help could be structured as a loan, to be repaid when unemployment drops to, say, 6 percent.)

And it hires indirectly — contracting with companies to rebuild our crumbling infrastructure, including school buildings, to take another example.

Not only does this create jobs but also puts money in the hands of all the people who get the jobs, so they can turn around and buy the goods and services they need – generating more jobs.

Get it? Not exactly rocket science.

So why don’t Republicans get it? Either they’re knaves – they want the economy to stay awful through next Election Day so Obama gets the boot. Or they’re fools – they’ve bought the lie that reducing the deficit now creates more jobs.

Every time you hear anyone say we’re “broke” or “can’t afford to spend more,” tell them we’ll be in worse shape if we don’t. If the economy remains dead in the water, the ratio of public debt to GDP balloons.

And remind them that the federal government can now borrow at fire-sale rates. Interest on the ten-year Treasury bill is 2 percent.

Do you hear me, Mr. President? Please — be bold next week. And if, as expected, Republicans refuse to go along, take it to the people. Mobilize the public. Use the bully pulpit. That’s what you have it for.

One more thing, Mr. President. You also have to tackle inequality. When so much income and wealth continues to flow to the very top, America’s vast middle class still won’t have enough purchasing power to boost the economy. Priming the pump is necessary but won’t be sufficient without enough water in the well.

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Robert Reich was the nation’s 22nd Secretary of Labor under Bill Clinton and is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations. In 2008, Time Magazine named him one of the Ten Most Successful Cabinet Members of the century. He has written eleven books, including “The Work of Nations,” which has been translated into 22 languages. His recent book is “Supercapitalism.” For Professor Reich’s book page for Supercaptialism at Amazon, go here. Reich’s newest book, Aftershock: The Next Economy and America’s Future has been released September 21, and is available for ordering at this link (Amazon.com). The above article is from Reich’s new blog, and can be viewed here.

Robert Reich’s commentaries are available for listening to at Publicradio.com. Watch the video Aftershock: The next economy and America’s future (about his new book). Thanks to Professor Reich for permission to publish his articles on an ongoing basis.

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The President’s Bold Jobs Bill (Maybe)

Evans Liberal Politics
August 18, 2011

 

The President’s Bold Jobs Bill (Maybe)


Robert Reich.org, August 17, 2011, by Robert Reich, used with permission, quoted verbatim:

The President is sounding like a fighter these days. He even says he’ll be proposing a jobs bill in September – and if Republicans don’t go along he’ll fight for it through Election Day (or beyond).

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That’s a start. But read the small print and all he’s talked about so far is extending the payroll tax cut and unemployment benefits (good, but small potatoes), ratifying the Columbia and South Korea free trade agreements (not necessarily a job-creating move), and creating an infrastructure bank.

An infrastructure bank might be helpful, depending on its size.

Which is the real question hovering over the entire putative jobs bill – its size.

Some of the President’s political advisors have been pushing for small-bore initiatives that they believe might have a chance of getting through the Republican just-say-no House. They also figure policy miniatures won’t give aspiring GOP candidates more ammunition to tar Obama as a big-government liberal.

But the President is sounding as if he’s rejected their advice.

That’s good policy and good politics.

Good policy because any jobs bill has to be big enough to give the economy the boost it needs to get out of the gravitational pull of the Great Recession.

Right now all the old booster rockets are gone. The original stimulus is over. The Fed’s “quantitative easing” is over.

Combine the budget cuts state and local governments continue to make with the slowdown in consumer spending, the reluctance of businesses to expand or hire, and the magnitude of unemployment and under-employment, and you need a big new booster rocket. I’d estimate the shortfall in aggregate demand to be $300 billion to $500 billion this year alone.

A bold jobs plan is also good politics. With more than 25 million Americans looking for full-time jobs, the wages of people with jobs falling, and an economy on the verge of a double dip, the President has to come out fighting on the side of average people.

Besides, Republicans won’t go along with any jobs initiative he proposes – even a tiny one. Better they reject one that could make a real difference than one that’s pitifully small and symbolic.

If Republicans reject it, Obama can build his 2012 campaign around that fight. Maybe he’ll even call Republicans on their big lie that smaller government leads to more jobs.

What would a bold jobs bill look like? Here are the ten components I’d recommend (apologies to those of you who have read some of these before):

1. Exempt first $20K of income from payroll taxes for two years. Make up shortfall by raising ceiling on income subject to payroll taxes.

2. Recreate the WPA and Civilian Conservation Corps to put long-term unemployed directly to work.

3. Create an infrastructure bank authorized to borrow $300 billion a year to repair and upgrade the nation’s roads, bridges, ports, airports, school buildings, and water and sewer systems.

4. Amend bankruptcy laws to allow distressed homeowners to declare bankruptcy on their primary residence, so they can reorganize their mortgage loans.

5. Allow distressed homeowners to sell a portion of their mortgages to the FHA, which would take a proportionate share of any upside gains when the homes are sold.

6. Provide tax incentive to employers who create net new jobs ($2,500 deduction for every net new job created).

7. Make low-interest loans to cash-starved states and cities, so they don’t have to lay off teachers, fire fighters, police officers, and reduce other critical public services.

8. Provide partial unemployment benefits to people who have lost part-time jobs.

9. Enlarge and expand the Earned Income Tax Credit – a wage subsidy for low-wage work.

10. Impose a “severance fee” on any large business that lays off an American worker and outsources the job abroad.

Some of these won’t cost the federal government money. Others will be costly in the short term but lead to faster growth.

Remember: Faster growth means a more manageable debt in the long term. Which means the President could tie this (or any other jobs bill of similar magnitude) to an even more ambitious long-term debt-reduction plan than he’s already proposed.

A bold jobs bill is good politics and good policy. Let’s wait to see what the President actually proposes.

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Robert Reich was the nation’s 22nd Secretary of Labor under Bill Clinton and is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations. In 2008, Time Magazine named him one of the Ten Most Successful Cabinet Members of the century. He has written eleven books, including “The Work of Nations,” which has been translated into 22 languages. His recent book is “Supercapitalism.” For Professor Reich’s book page for Supercaptialism at Amazon, go here. Reich’s newest book, Aftershock: The Next Economy and America’s Future has been released September 21, and is available for ordering at this link (Amazon.com). The above article is from Reich’s new blog, and can be viewed here.

Robert Reich’s commentaries are available for listening to at Publicradio.com. Watch the video Aftershock: The next economy and America’s future (about his new book). Thanks to Professor Reich for permission to publish his articles on an ongoing basis.

US Video News Roundup for April 1, 2011

Evans Liberal Politics
April 1, 2011

 

US Video News Roundup for April 1, 2011

News & Analysis from Around the United States

Jobs Trickle Back In,
Unemployment Falls to 8.8%

President Obama On
Green Fleet Initiative

Kucinich on Ohio’s
New Anti-Union Bill

TYT: Police Unions
Fed Up With Republicans

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Robert Reich: The Truth About the Economy: We’re Heading Back Toward a Double Dip

Evans Liberal Politics
March 31, 2011

 

Robert Reich: The Truth About the Economy:
We’re Heading Back Toward a Double Dip

The Truth About the Economy: We’re Heading Back Toward a Double Dip, Robert Reich.org, March 30, 2011, by Robert Reich, used with permission, quoted verbatim:

Why aren’t Americans being told the truth about the economy? We’re heading in the direction of a double dip – but you’d never know it if you listened to the upbeat messages coming out of Wall Street and Washington.

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Consumers are 70 percent of the American economy, and consumer confidence is plummeting. It’s weaker today on average than at the lowest point of the Great Recession.

The Reuters/University of Michigan survey shows a 10 point decline in March – the tenth largest drop on record. Part of that drop is attributable to rising fuel and food prices. A separate Conference Board’s index of consumer confidence, just released, shows consumer confidence at a five-month low — and a large part is due to expectations of fewer jobs and lower wages in the months ahead.

Pessimistic consumers buy less. And fewer sales spells economic trouble ahead.

What about the 192,000 jobs added in February? (We’ll know more Friday about how many jobs were added in March.) It’s peanuts compared to what’s needed. Remember, 125,000 new jobs are necessary just to keep up with a growing number of Americans eligible for employment. And the nation has lost so many jobs over the last three years that even at a rate of 200,000 a month we wouldn’t get back to 6 percent unemployment until 2016.

But isn’t the economy growing again – by an estimated 2.5 to 2.9 percent this year? Yes, but that’s even less than peanuts. The deeper the economic hole, the faster the growth needed to get back on track. By this point in the so-called recovery we’d expect growth of 4 to 6 percent.

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Consider that back in 1934, when it was emerging from the deepest hole of the Great Depression, the economy grew 7.7 percent. The next year it grew over 8 percent. In 1936 it grew a whopping 14.1 percent.

Add two other ominous signs: Real hourly wages continue to fall, and housing prices continue to drop. Hourly wages are falling because with unemployment so high, most people have no bargaining power and will take whatever they can get. Housing is dropping because of the ever-larger number of homes people have walked away from because they can’t pay their mortgages. But because homes the biggest asset most Americans own, as home prices drop most Americans feel even poorer.

There’s no possibility government will make up for the coming shortfall in consumer spending. To the contrary, government is worsening the situation. State and local governments are slashing their budgets by roughly $110 billion this year. The federal stimulus is ending, and the federal government will end up cutting some $30 billion from this year’s budget.

In other words: Watch out. We may avoid a double dip but the economy is slowing ominously, and the booster rockets are disappearing.

So why aren’t we getting the truth about the economy? For one thing, Wall Street is buoyant – and most financial news you hear comes from the Street. Wall Street profits soared to $426.5 billion last quarter, according to the Commerce Department. (That gain more than offset a drop in the profits of non-financial domestic companies.) Anyone who believes the Dodd-Frank financial reform bill put a stop to the Street’s creativity hasn’t been watching.

To the extent non-financial companies are doing well, they’re making most of their money abroad. Since 1992, for example, G.E.’s offshore profits have risen $92 billion, from $15 billion (which is one reason it pays no U.S. taxes). In fact, the only group that’s optimistic about the future are CEOs of big American companies. The Business Roundtable’s economic outlook index, which surveys 142 CEOs, is now at its highest point since it began in 2002.

Washington, meanwhile, doesn’t want to sound the economic alarm. The White House and most Democrats want Americans to believe the economy is on an upswing.

Republicans, for their part, worry that if they tell it like it is Americans will want government to do more rather than less. They’d rather not talk about jobs and wages, and put the focus instead on deficit reduction (or spread the lie that by reducing the deficit we’ll get more jobs and higher wages).

I’m sorry to have to deliver the bad news, but it’s better you know.

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Robert Reich was the nation’s 22nd Secretary of Labor under Bill Clinton and is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations. In 2008, Time Magazine named him one of the Ten Most Successful Cabinet Members of the century. He has written eleven books, including “The Work of Nations,” which has been translated into 22 languages. His recent book is “Supercapitalism.” For Professor Reich’s book page for Supercaptialism at Amazon, go here. Reich’s newest book, Aftershock: The Next Economy and America’s Future has been released September 21, and is available for ordering at this link (Amazon.com). The above article is from Reich’s new blog, and can be viewed here.

Robert Reich’s commentaries are available for listening to at Publicradio.com. Watch the video Aftershock: The next economy and America’s future (about his new book). Thanks to Professor Reich for permission to publish his articles on an ongoing basis.

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Fed: Household wealth plummets 23% in two years

Evans Liberal Politics
March 28, 2011

 

Fed: Household wealth plummets 23% in two years

Fed: Household wealth plummets 23% in two years, Daily Kos, March 26, 2011, by Joan McCarter, used with permission of Joan McCarter and quoted verbatim: Thank You!

This is one of the more alarming reports of the week.

NEW YORK (CNNMoney) — The average American family’s household net worth declined 23% between 2007 and 2009, the Federal Reserve said Thursday.

a pair of black eyeglasses sit on top of a foreclosure notice in this article about a Fed report on plummeting American wealth

A rare survey of U.S. households, first performed in 2007 but repeated in 2009 in order to gauge the effects of the recession, reveals the median net worth of households fell from $125,000 in 2007 to $96,000 in 2009….

Federal Reserve officials said Thursday the new report offers a look at exactly how hard the recession hit families, and how they reacted.

The numbers paint a stark picture.

Families that owned stock saw their portfolios drop by more than a third to $12,000 from $18,500, on average. The value of primary real estate holdings decreased by an average of $18,700.

And families took on more debt, pushing median total debt levels to $75,600 from $70,300. They also made less money. Media household income dropped to $49,800 from $50,100.

High unemployment, rising food and medical costs, tanking stock portfolios and complete loss of equity make for a world of hurt for American families. Which makes the single-minded focus in DC on the deficit and austerity all the more inexplicable. And frightening for our future. Krugman:

[J]obs now, deficits later was and is the right strategy. Unfortunately, it’s a strategy that has been abandoned in the face of phantom risks and delusional hopes. On one side, we’re constantly told that if we don’t slash spending immediately we’ll end up just like Greece, unable to borrow except at exorbitant interest rates. On the other, we’re told not to worry about the impact of spending cuts on jobs because fiscal austerity will actually create jobs by raising confidence.

How’s that story working out so far?

Not so great, if the Fed and its report is to be believed. Yes, the report’s data is a year old, but while stock prices have rebounded, unemployment is still unsustainable, housing prices continue to fall, and food and medical costs continue to rise.

The Republican’s Big Lies About Jobs (And Why Obama Must Repudiate Them)

Evans Liberal Politics
March 23, 2011

 

The Republican’s Big Lies About Jobs
(And Why Obama Must Repudiate Them)

The Republican’s Big Lies About Jobs (And Why Obama Must Repudiate Them), Robert Reich.org, March 22, 2011, by Robert Reich, used with permission, quoted verbatim:

And if all others accepted the lie which the party imposed – if all records told the same tale – then the lie passed into history and became the truth.

– George Orwell, 1984 (published in 1949)

House Majority Leader Eric Cantor was in town yesterday (specifically, at Stanford’s Hoover Institute where he could surround himself with sympathetic Republicans) to tell this whopper: “Cutting the federal deficit will create jobs.”

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It’s not true. Cutting the deficit will creates fewer jobs. Less government spending reduces overall demand. This is particularly worrisome when, as now, consumers and businesses are still holding back. Fewer government workers have paychecks to buy stuff from other Americans, some of whom in turn will lose their jobs without enough customers.

But truth doesn’t seem to matter. Republicans figure if their big lies are repeated often enough, people will start to believe them.

Unless, that is, those big lies are repudiated – and big truths are told in their place.

What worries me almost as much as the Republican’s repeated big lies about jobs is the silence of President Obama and Democratic leaders in the face of them. Obama has the bully pulpit. Republicans don’t. But if he doesn’t use it the Republican’s big lies gain credibility.

Here are some other whoppers being repeated daily:

“Cutting taxes on the rich creates jobs.” Nope. Trickle-down economics has been tried for thirty years and hasn’t worked. After George W. Bush cut taxes on the rich, far fewer jobs were created than after Bill Clinton raised them in the 1990s.

To his credit, President Obama argued against Republican demands for extending the Bush tax credit on those making more than a quarter million. But as soon as Republicans pushed back he caved. And the President hasn’t even mentioned that the $61 billion Republicans are demanding in budget cuts this fiscal year is what richer Americans would have paid in taxes had he not caved.

“Cutting corporate income taxes creates jobs.” Baloney. American corporations don’t need tax cuts. They’re sitting on over $1.5 trillion of cash right now. They won’t invest it in additional capacity or jobs because they don’t see enough customers out there with enough money in their pockets to buy what the additional capacity would produce.

The President needs to point this out – not just in Washington but across the nation where Republican governors are slashing corporate taxes and simultaneously cutting school budgets. President Obama says he wants to invest in American skills, but many states are doing the opposite. Florida Governor Rick Scott, for example, says his proposed corporate tax cuts “will give Florida a competitive edge in attracting jobs.” They’ll also require education spending be reduced by $3 billion. Florida already ranks near the bottom in per-pupil spending and has one of nation’s lowest graduation rates. If Scott’s tax cuts create jobs, most will pay peanuts.

“Cuts in wages and benefits create jobs.” Congressional Republicans and their state counterparts repeat this lie incessantly. It also lies behind corporate America’s incessant demand for wage and benefit concessions – and corporate and state battles against unions. But it’s dead wrong. Meager wages and benefits are reducing the spending power of tens of millions of American workers, which is prolonging the jobs recession.

President Obama and Democratic leaders should be standing up for the wages and benefits of ordinary Americans, standing up for unions, and decrying the lie that wage and benefit concessions are necessary to create jobs. The President should be traveling to the Midwest – taking aim at Republican governors in the heartland who are hell bent on destroying the purchasing power of American workers. But he’s doing nothing of the sort.

“Regulations kill jobs.” Congressional Republicans are using this whopper to justify their attempts to defund regulatory agencies. Regulations whose costs to business exceed their benefits to the public are unwarranted, of course, but reasonable regulation is necessary to avoid everything from nuclear meltdowns to oil spills to mine disasters to food contamination – all of which we’ve sadly witnessed. Here again, we’re hearing little from the President or Democratic leaders.

Look, the President can’t be everywhere, doing everything. There’s tumult in the Middle East, we’re suddenly at war in Libya, Japan is struggling with the aftermath of disaster, and surely Latin America is an important trading partner.

But nothing is more central to average Americans than jobs and wages. Unless the President forcefully rebuts Republican’s big lies, they’ll soon become conventional wisdom.

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Robert Reich was the nation’s 22nd Secretary of Labor under Bill Clinton and is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations. In 2008, Time Magazine named him one of the Ten Most Successful Cabinet Members of the century. He has written eleven books, including “The Work of Nations,” which has been translated into 22 languages. His recent book is “Supercapitalism.” For Professor Reich’s book page for Supercaptialism at Amazon, go here. Reich’s newest book, Aftershock: The Next Economy and America’s Future has been released September 21, and is available for ordering at this link (Amazon.com). The above article is from Reich’s new blog, and can be viewed here.

Robert Reich’s commentaries are available for listening to at Publicradio.com. Watch the video Aftershock: The next economy and America’s future (about his new book). Thanks to Professor Reich for permission to publish his articles on an ongoing basis.

See Top 6 things Republicans consider more important than job creation, The Raw Story, March 22, 2011, by Sahil Kapur, excerpt quoted verbatim:

WASHINGTON – Republicans won dramatic victories last November by promising to mitigate high unemployment. “This coming election is about one issue: jobs,” to-be Speaker John Boehner (R-OH) said weeks before election day. “It’s about jobs that were promised to the American people by the current administration, and were never delivered.”

But in the three months since taking over the House and expanding their voices in the Senate, Republicans have yet to pass a jobs-focused bill, instead prioritizing numerous social and cultural issues that are unrelated to job creation — and have little or no chance of becoming policy.

Here are six such legislative goals they’ve been hard at work on. ….

Comment by Evans Liberal Politics owner Paul Evans: Now that the election is in the past, Republicans actually want to HURT job creation: it will be good for the 2012 elections if Obama looks bad. They are concentrating on the social issues they feel make them look good with their core voters and so keep their base energized.

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