11.5% unemployment, yet a shortage of workers

Mar 2009
422
4
Florida, USA
I wouldn't say that the private sector doesn't care.

Read any labor history? And of course Enron cared so much about its employees that it encouraged them to buy stock that the executives knew was worthless because that was better for their pockets. This crisis was caused by egregious greed on the part of those who run major corporations. They have an utter disregard for anyone but themselves.

The market works to resove market issues on a global scale, without regard to individuals or individual countries or regions. Like a great many of you, the market is perfectly willing to inflict death on others if that's what will serve it best.

We, unlike the market, are supposed to be human, to have compassion and heart, to care for the weak, and to help others in a time of crisis. We are supposed to be a society, not a market.
 
Mar 2009
2,188
2
Read any labor history? And of course Enron cared so much about its employees that it encouraged them to buy stock that the executives knew was worthless because that was better for their pockets. This crisis was caused by egregious greed on the part of those who run major corporations. They have an utter disregard for anyone but themselves.

The market works to resove market issues on a global scale, without regard to individuals or individual countries or regions. Like a great many of you, the market is perfectly willing to inflict death on others if that's what will serve it best.

We, unlike the market, are supposed to be human, to have compassion and heart, to care for the weak, and to help others in a time of crisis. We are supposed to be a society, not a market.
Agreed. Such as British Airways asking its employees to forego their wages as a way of saving the company. I have to agree, employees don't count much in the private sector, unless they are self-employed.
 
Mar 2009
422
4
Florida, USA
A comment on the original subject. There are always dislocations in the labob market. It's possible to have massive unemployment and a shortage of certain types of workers. When automobiles took over, I'm sure there was a shortage of mechanics and an oversupply of buggy whip makers. Any shortages in unskilled workers quickly correct themselves, as those with skills and degrees are suddenly willing to do janitorial work to try to provide for families or feed themselves.
 
Mar 2009
2,188
2
A comment on the original subject. There are always dislocations in the labob market. It's possible to have massive unemployment and a shortage of certain types of workers. When automobiles took over, I'm sure there was a shortage of mechanics and an oversupply of buggy whip makers. Any shortages in unskilled workers quickly correct themselves, as those with skills and degrees are suddenly willing to do janitorial work to try to provide for families or feed themselves.
This is spot on. Like a shortage of human resource staff when there is so much unemployment, to deal with the lay-offs, rationalization of current staff, etc. Maintenance staff for Government cars when cars have to be maintained for longer period of times perhaps, etc. .... :)
 
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