My understanding is that despite the fact that the economy is getting slowly better, companies themselves are slow to hire. Which makes sense, as you say. If the work isn't there, the jobs aren't needed.
And that, as I understand it, gets to the heart of the current economic downturn. Demand has sharply decreased. There isn't as much need for many jobs. This is true over the entire world, as I understand it. Not just the U.S.
I've never understood the idea of the ultra rich as job creators. It doesn't make sense. Do the ultra rich buy more products? More services? As a whole, are the people who actually create the demand that supplies the job more likely to be ultra rich than something else? Seems unlikely to me.
And, yes, I also agree the Chicago strike was a long time coming. Seemed all but definite once Rahm was elected mayor as he's been a bit ham-handed. Though, I'm not entirely sure he's entirely wrong. Chicago DOES have one of the shortest school days in the United States, for one.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
(no subject)
Date: 2012-09-13 02:55 pm (UTC)And that, as I understand it, gets to the heart of the current economic downturn. Demand has sharply decreased. There isn't as much need for many jobs. This is true over the entire world, as I understand it. Not just the U.S.
I've never understood the idea of the ultra rich as job creators. It doesn't make sense. Do the ultra rich buy more products? More services? As a whole, are the people who actually create the demand that supplies the job more likely to be ultra rich than something else? Seems unlikely to me.
And, yes, I also agree the Chicago strike was a long time coming. Seemed all but definite once Rahm was elected mayor as he's been a bit ham-handed. Though, I'm not entirely sure he's entirely wrong. Chicago DOES have one of the shortest school days in the United States, for one.