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Jobless Recovery?


By resetbutton - Posted on 04 March 2010

Heard on the radio the other day that Obama was now calling us in a "jobless recovery".  I guess he said this almost with a sense of pride??  I had never heard of such a thing.  A quick google search and I found this on wikepedia.

A jobless recovery is usually seen as a bad thing in a capitalist industrialized society. This is primarily because in such a society most people need jobs to earn the money they need to purchase goods and services from the marketplace. Also, secondarily, doing something useful and productive is usually connected to a healthy individual's self-esteem and his or her positive relationships to the larger community. An alternative view is that a jobless recovery could be a step towards a post-scarcity society full of abundance for all -- as a new stage of cultural development with increased leisure and volunteerism. That alternative view represents a trend that many technologists, futurists, and heterodox economists have predicted for decades.

He must have forgotten to google it before opening his big fat mouth.  Or wait...maybe he doesnt want us to live in a capitalist industralized society?

 

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