When it’s a jobless recovery, i.e., that fiction by which the Politicians and Fat-Cats pretend that everything is A-OK, in order to trick the rest of us into following their marching orders off the next goddamn cliff, next year or next decade. But it’s worse than “jobless”, which suggests job neutrality.  In reality, jobs are disappearing. Last November it was big news when the FT reported[1] that the world’s economies lost 80,000 jobs. Now, we learn that the American economy shed 263,000 jobs in the month of September[2] alone, sending the national unemployment rate close to 10%. Adding insult to injury, people are remaining unemployed longer than ever: more than 50% of them have recently exhausted their public benefits. What happens to these people? Even though young college graduates with a few … Read entire article »