A documentary on the well known tale of the rise and fall of Detroit, as it pertains to the free trade market.
Tag Archives: Unemployment
With the holidays around the corner, Toys R Us, Walmart along with Macy’s and several other department stores are preparing their employees to work during the holidays. Toys R Us, JcPenny, and Kmart have announced that they will open at 5 p.m. on Thanksgiving Day in order to be the first stop on consumer’s lists. Following at 6 p.m. Kohl’s, Sears and Macy’s will open. Walmart alone reports a million associates will work on Thanksgiving Day and Black Friday. More and more stores are jumping on the bandwagon and opening up on the holidays, desperate to attract shoppers.
Any jobs America has added in recent months are no reason to be optimistic. The truth is the added jobs are overwhelmingly service-sector jobs not the sort of thing one builds a strong economy in. The true wealth-producing jobs that America used to be famous for elude us still. This is why income inequality is so high, the good jobs have left our shores and we are left to a servant economy with servant jobs.
The fear of obtaining Ebola caused quite a hubbub in the United States. However, what should actually be spreading more fear is the amount of people getting ill and dying from foodborne illnesses every single year. We now have to take a second look at the food we buy from grocery stores and we must pay close attention to food recalls due to the fact that imported food is simply not properly inspected.
As recent graduates begin to pay back their student loans for the first time, we are beginning to realize that student loan debt is crippling our economy. A college degree now can’t protect Americans from tumbling down the economic ladder. It used to be that people with higher education people would have an easier time finding jobs that paid great wages, had benefits, and paid time off. People sought out higher education not just to become well rounded individuals, but to prepare for a bright future with good pay. Now, people with master’s degree and doctoral degrees are facing long-term unemployment with the fear of student loan debt, inability to obtain a mortgage, and putting marriage on the back burner.