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Monday, December 09, 2019 {{ new Date().getDay() }}

Employment

Protestors demand living wage.

As a writer, I get stuck every so often straining for the right words to tell my story or otherwise make the kind of progress I want on the piece I'm writing. Over the years, though, I've learned when to quit tying myself into mental knots over sentence construction and instead step back and rethink where my story is going.

This process is essentially what millions of American working families are going through this year as record numbers of them are shocking bosses, politicians and economists by stepping back and declaring: "We quit!" Most of the quits are tied to very real abuses that have become ingrained in our workplaces over the past couple of decades — poverty paychecks, no health care, unpredictable schedules, no child care, understaffing, forced overtime, unsafe jobs, sexist and racist managers, tolerance of aggressively rude customers and so awful much more.

Meanwhile, corporate bosses across America have been sputtering in outrage at workers this summer, spewing expletives about the fact that while the U.S. economy has been coming back ... workers (i.e., you) haven't!

"Labor shortage," they squeal, lazily accusing the workforce of mass laziness. Apparently, they charge insultingly that millions of workers got used to laying around during the pandemic shutdown, for there is now an abundance of jobs open for everything from restaurant work to nursing to construction work. So, the bosses and their political dogs bark that you people need to get back in the old harness and start pulling again.

Adding a nasty bite to their bark, several GOP governors cut off unemployment benefits to people, hoping to force them to work. Other businesses have proffered signing bonuses, free dinner coupons and other lures, while such notoriously mingy outfits as McDonald's and Walmart have even upped their wage scales in an effort to draw workers.

Yet ... no go. In fact, to the astonishment of the economic elite, the employment flow this year is going the other way! Record numbers of current workers in all sorts of jobs in every section of the country are voluntarily walking away. There's even an official economic measurement of this phenomenon called the "quits rate," and it is surging beyond anything our economy has experienced in modern memory — in April, 4 million workers quit; in May, another 3.6 million left, in June, 3.9 million said "Adios!" At a time when conventional economic wisdom dictates that, after a devastating 18-month downturn, people would be clinging to any paycheck they can get! The "quits" are so unexpected and so widespread that pundits have started dubbing this year "The Great Resignation."

What's wrong with people, why are such staggering numbers of Americans failing to do their jobs? But wait — maybe that's the wrong question. Maybe the corporate system's "jobs" are failing the people. Consider this: The most common comment by those who're walking out is, "I hate my job."

Specific grievances abound, but at the core of each is a deep, inherently destructive executive-suite malignancy: disrespect. The corporate system has cheapened employees from valuable human assets worthy of being nurtured and advanced to a bookkeeping expense that must be steadily eliminated. It's not just about paychecks, it's about feeling valued, feeling that the hierarchy gives a damn about the people doing the work.

Yet, corporate America is going out of its way to show that it doesn't care — and, of course, workers notice. So, unionization is booming, millions who were laid off by the pandemic are refusing to rush back to the same old grind, and now millions who have jobs are quitting. This is much more than an unusual unemployment stat — it's a sea change in people's attitude about work itself ... and life.

People are rethinking where their story is going and how they can take it in a better direction. Yes, nearly everyone will eventually return to work, but workers themselves have begun redefining the job and rebalancing it with life.

To find out more about Jim Hightower and read features by other Creators Syndicate writers and cartoonists, visit the Creators webpage at www.creators.com

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Screenshot from CNBC

Reprinted with permission from DC Report

"Disappointing" is the consensus of newscasters about the August jobs report. They are wrong.

The economy added 235,000 jobs as Covid made a big comeback, especially in the South where governors spurn science and people stay away from bars, restaurants and shopping malls.

Most news reports lacked context about how rare it is to add that many jobs in a month. Most of the reports I read also failed to note that under President Joe Biden jobs are growing at more than triple the rate under Trump before the pandemic began.

Overall, the American economy is growing even faster than the six percent that Trump promised voters. Pre-pandemic, Trump delivered barely half that growth rate.

July was excellent with more than a million jobs added. In June, the economy added 962,000 jobs. That makes the August number seem small, but only by very short-term comparison.

Under Biden, the economy has added an average of 636,000 jobs per month, the federal Bureau of Labor Statistics "all employees" report CES0000000001 shows. That's close to 4.5 million jobs added since Biden became president on Jan. 20.

On Donald Trump's watch – before the pandemic – the economy added only 188,000 jobs per month. President Barack Obama did better than that once the collapsing economy he inherited turned around in early 2010; more than 200,000 jobs per month on average were added.

Genuinely Awful

Looking at Trump's entire time in office, his jobs performance was genuinely awful. On Trump's watch, the economy lost an average of 2.8 million jobs per month. That's primarily because in March and April of 2020 the economy lost 22.4 million jobs.

Since Ronald Reagan assumed office four decades ago, only one president has added an average of more than 235,000 jobs a month. That was Bill Clinton. During Clinton's eight years, the economy added an average of 242,000 jobs per month.

Clinton did even better than those figures suggest because there were about 62 million fewer Americans on his watch. Adjust for that smaller population and the Clinton economy added the equivalent of about 297,000 jobs per month with today's population of 333.3 million people.

In August, the economy added 37,000 manufacturing jobs. Under Trump 1,800 more factories closed. Thousands of factory workers lost their jobs, primarily because of his disastrous and ill-informed tariffs.

The most interesting August job developments were in the delivery of goods compared with the traditional retail trade and in services like bars and restaurants.

Jobs in transportation and warehousing, which benefit from the home delivery of products, grew by 53,000 and brought the total to a modestly new high with 22,000 more such jobs than before the pandemic.

Retail employment – think clerks at malls – declined, with 29,000 fewer jobs in August and 285,000 fewer than in February 2020, before the pandemic.

Bars and restaurants shed 42,000 workers, evidently because fear of coronavirus infection is keeping more people at home. That number may worsen in the months ahead as the anti-vaxxers, sheep worm remedy users and mask refusers spread more gratuitous disease and death.

Trump Faltering In 2019

The Trump economy was faltering even before the pandemic, as I reported here citing official government data. Trump's overall economic performance was subpar, as I detailed from official government data in April 2019 when I gave Trump a grade of C for economic performance.

Candidate Trump repeatedly said he would produce 6% annual economic growth. He only got above 4% for one quarter. Even that was only because businesses stepped up purchases ahead of his disastrous tariffs.

After three years in office, economic growth under Trump was worse than every other president after Harry S Truman except for George H.W. Bush.

Under Biden, the economy grew at a 6.5% annual rate from April through June, the second quarter of this year. the Congressional Budget Office estimates that "real GDP will grow by 7.4 percent in calendar year 2021."

Happy Go Magic Land

Many Trump fans refuse to accept that Trump was bad for the economy and jobs even before the pandemic. These Trumpers seek solace in the childish fantasy world of Happy Go Magic Land.

And don't forget, Trump ran in 2016 promising to pay off the entire federal debt in eight years. Instead, during his four years, it grew and grew, in good part due its use to finance tax cuts for the wealthiest Americans and large corporations.

So read the 235,000 jobs added in context. It's a sharp fall from June and July, but that's mainly due to Covid making a comeback in states headed by Republican governors who deny science and thus kill their own citizens.

Viewed in context, the 235,000 jobs created in August are a clear positive for America.