When analysts at the Ludwig Institute for Shared Economic Prosperity, a nonprofit research center focused on lower- and middle-income families, measured what they call the “true rate of unemployment” in October, it was 23.6%, more than six times higher than the official number.
Why yes, dialectical materialism does play into this. Very good.
When people work over a period of time, they expect higher pay, better benefits or even promotions. A way to offset this is to have seasons of firing and hiring.
Mind you, I’m not talking about small to medium size businesses, mostly large businesses with predatory HR.
You also have to remember that some hires are symbolic, in that some people were just hired to keep the employee away from the competition. I’ve met people who sat on their ass and did nothing for of all companies Apple (in that case, it was sales and marketing).
And again, it all stems from dialectical materialism, because junkie needs that line go up, get dopamine mmmmmm so good.
I.e degeneracy.
Remember; ideology and materialism cannot share priority in the human brain - so sayeth Engels and Marx, which means things like “an honest wage”, “free market principles”, etc, all go out the window, cus junkie needs it’s fix.
People complain that they don’t want a news media controlled by the government, but instead they have a news media controlled by corporate shareholders, where stories like these come out at least once a quarter, either touting the high hiring/low unemployment or bemoaning the opposite scenario, and it is right there at the top of the latest news.
Meanwhile the quality of work/life balance, worker satisfaction, and the happiness of citizens overall are topics left to the side as interest pieces rather than headlines of particular importance.
Why are we not reporting on climate change 24/7? Does it not threaten our very existence? Why are we not reporting on worker dissatisfaction? Are not the majority of us working?
It’s because these topics have no solution that is conducive with capitalism (or at the absolute very least, the current implementation of capitalism, but I’d argue, no, it’s just capitalism). The corporations, businesses, and individuals that have benefitted from capitalism have and will continue to suppress news stories that focus on these very real problems because to actually solve the issue would result in the eradication of their cushy lifestyle and decimate their hold on power.
So fuck stories like these, they mean less than the toilet paper I use to wipe my ass.
And yet, I’d have to have at least 3 of my 40-hour/week job just to afford the shittiest apartments that can be found in the shit-hole of a city that I have been trapped in my entire life. Yep, absolutely BOOMING. I’m certainly not forced to share a dump of a 700 square-foot with three other family members, at 40 years old, because studio apartments cost $2k/month and require you to gross at least 4.5x the rent to even be considered. Nope, not at all. Absolutely fucking booming, over here.
the beleaguered publisher makes “fundamental changes” to its “strategic vision” under its new private equity ownership,
Billionaire buys failing media company with former big name. Guess what kind of right wing garbage you’ll start hearing from them now. Will it be how Ukraine should be left to die, how the Palestinians need to be exterminated, how unions are bad for the American dream, or how Biden is senile?
Will it be how Ukraine should be left to die, how the Palestinians need to be exterminated, how unions are bad for the American dream, or how Biden is senile?
Private equity tends to fuck up otherwise successful or at least functional businesses or services, squeezing all the value out of them then selling them for parts. Vice may have been having financial trouble, but selling to private equity will probably result in the end of it.
Just a reminder that Vice was founded by Gavin McInnes, who also founded the Proud Boys and explicitly mentioned wanting to use Vice as a hipster-to-chud pipeline.
Sure! This is a very illuminating article about the zeitgeist in the early 00s, including an interview with McInnes with the quote where he notoriously said “I love being white.”
cnn.com
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