People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Leve

[DeSwiss]

19. K&R

Posted by DeSwiss in General Discussion
Wed Sep 07th 2011, 07:21 PM

Many jobs have been or could have been made obsolete for quite some time now. The way jobs are done, and how much time is necessary to accomplish certain tasks have also been drastically reduced and altered. Alvin Toffler called it "Future Shock".

The problem is that the value derived from improvement in productivity through new inventions and automation in the past two decades in particular, has accrued to a bare few at the top instead of throughout society as a whole. Another drawback to a capitalist society. At the same time, there is also a point where these conflicting values can skew the intended outcomes -- where new inventions or improvements in productivity may itself undermine the existing ruling oligarchy. The oil industry is a good example of this.

However, America is going through this "shakeout process" right now, shedding jobs and people as it molts into something different. A monster, it looks like. The financial industry is now the Big Dog in the marketplace of the world. They can "make" more money now by trading in debt and disaster, than they could back when we used to make "things." That's China, India's and a host to smaller 3rd worlder's job now. And if this process is not stopped and reversed -- there won't be much any middle class left in ten years time.

- When we observe this sort of behavior under a microscope of an organism's cells acting in this way, we call it cancer......

"The reality is that institutions of codified thought, societal influence, power, dogmas, corporations and governments -- each have a high propensity to engage in denial, dishonesty, and corruption to maintain self-preservation and self-perpetuation.... The profit mechanism creates established orders which constitute the survival and wealth for a few groups of people. The fact is that no matter how socially beneficial new advents may be, they will be viewed in hostility if they threaten an established financially-driven institution. Meaning social progress can be a threat to the establishment, and so therefore abundance, sustainability and efficiency are the enemies of profit." ~Peter Joseph

link

It's even more true today.......

K&R