Essay Job For Corporate Myths Of Collapsing Economies

1315 Words Oct 19th, 2016 6 Pages
Job Seeking to Corporate Myths to Collapsing Economies
Novices to wannabes & clueless dreamers
As the middle-class collapses, so too do the corporate jobs that enabled it. As the novices, wannabes and clueless continue to dream of six figure lifestyles in collapsing economies; the reasons it’s not happening.
Job Seeking Novices
In the biggest recession in living memory, with stagnating world economies and mass unemployment, let’s look a brief but serious look at reality and some unpalatable facts to prepare mentally for what lies ahead.
1. In the US, with a population of 320 million and a working wealth creating population of around 120 million, with 47 million on food stamps (an estimated increase of 27% since 2008), the unofficial estimated unemployment figure is 23 - 26%. The variation lies between including people as unemployed and ignoring those, 'not in the labour force ', which is where the skewed figure of 4.7% arises. Using the same semantics, Britain changed the term unemployed to job seekers in 1996. The effect lowered unemployment at a stroke, yet left a nation of millions seeking work and by the same method, produced an amazing near equal 4.9% of officially unemployed as America.
2. "[…] The economy is doing great […] By almost every economic measure, America is better off than when I came here at the beginning of my presidency" - President Obama, 2016.
Despite the hype, US GDP remains under 4% for the past decade - Bureau of Economic Analysis.
In a country…

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