Archive for December 19th, 2008

With the skyrocketing unemployment, there are many out there espousing the need for the government to provide tax credit to employers, encouraging employment….

Unemployment is only part of the issue. Underemployment is the full issue. As part and parcel to the Red Plague of losses, credit freezes, staffing cuts and cost reductions, compensation levels at all levels of the employment chain are falling for 70% of the populace. Over time is being cut, bonuses eliminated and spending allowances and benefits slashed.

Many of those who have not lost jobs, do not fear unemployment. They instead fear significant reductions in their incomes.

Thus, supporting staffing levels and compensation levels, as well as spending levels, are all needed in the grand scheme of supporting consumerism and halting the spread of the Red Plague.

New release this morning that the real unemployment, including actual unemployed, those off unemployment due to duration of being out of work and those taking part time jobs because full time is not available, has reached a post depression high of 12.5%!!!!!

Who told you this first in my earlier blogs???????????

Interestingly, my read of these new numbers leaves out another 5% or more. Thus I am now estimating that the current unemployment numbers (based on compensation being earned) is closer to 17.5%. This includes those folks employed, but facing significant cuts in compensation due to commissioned sales, compensation based on productivity and volume, etc.

Share your news and thoughts………………….