Results 1 to 3 of 3

Thread: the end of employment as we know it

Threaded View

  1. #1
    jk's Avatar
    jk is offline Shadow Fed, iTulip Select Member, The Brain
    Join Date
    May 2006
    Posts
    10,346

    Default the end of employment as we know it

    Men Not Working, and Not Wanting Just Any Job

    http://www.nytimes.com/2006/07/31/bu...rtner=homepage

    a couple of excerpts:

    Many of these men could find work if they had to, but with lower pay and fewer benefits than they once earned, and they have decided they prefer the alternative. It is a significant cultural shift from three decades ago, when men almost invariably went back into the work force after losing a job and were more often able to find a new one that met their needs.

    “Men don’t feel a need to be in a career, not as much as they once did,” said Ruth Milkman, a sociologist at the University of California at Los Angeles. “Nor do men have the incentive they once had to pursue a career, not when employers are no longer committed to them.”
    -----------

    the poeple profiled in this article are supporting themselves on their wive's incomes, on occasional short stints of work, on drawing down savings including from pension savings like 401k's, on disability payments, and ON HOME EQUITY WITHDRAWALS. they are not counted in unemployment statistics because they are not actively seeking work. they are estimated o number about 4 million!

    they will, in the not too distant future, hit the end of their savings and the end of home equity increases against which they can draw funds.

    here is one part of the increasing trend of downward mobility for americans. as third world living standards rise, first world living standards are dropping. they will meet, apparently, sooner than we might have thought.
    Last edited by jk; 07-31-06 at 08:36 AM. Reason: correction spelling

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Opinions expressed herein are those of the posters, not those of iTulip, Inc., its owners, or management. All material posted on this board becomes the intellectual property of the poster and iTulip, Inc., and may not be reposted in full on another website without the express written permission of iTulip, Inc. By exception, the original registered iTulip member who authored a post may repost his or her own material on other sites. Permission is hereby granted to repost brief excerpts of material from this forum on other websites provided that attribution and a link to the source is included with the reposted material.

Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only. We reserve the right to make changes, including change in price, content, description, terms, etc. at any time without notice. By using this board you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions. Read full legal disclaimer.

Journalists are not permitted to contact iTulip members through this forum's email and personal messaging services without written permission from iTulip, Inc. Requests for permission may be made via Contact Us.

Objectionable posts may be reported to the board administrators via Contact Us.

-->