Today, I stumbled across an interesting article that deals with my favorite topic…unemployment! I wanted to share with you the part I found particularly fascinating.
Employers are expecting more from fewer employees. Americans work an average of 122 hours per year more than people in Britain and almost 400 hours a year more than Germans.
In 2004 there were about 139 million people working in the US. In 2010 the number was (wait for it)… about 139 million.
That’s according to an article by John Nichols in The Nation. American productivity in 2009 was twice that of 2008, and 2010 saw American productivity rise to twice that of 2009. Corporate profits rose 22 percent in the same time frame.
While that rosy picture developed, unemployment hovered around 10 percent. Add in the number who dropped off the unemployment rolls and those who are underemployed and the number rises to 16.2 percent.And for 90 percent of American workers, income has remained stagnant or declined in the last 30 years.
Well, that information certainly made me look twice! It seems hard to believe that these numbers could actually be accurate. I no expert on the economy but it seems to me if profits are rising than unemployment should be dropping.
If anyone can help explain this to me please feel free to below in the comment section.