Worldwide “Jobless Numbers”: Global Unemployment Hits Record High, Declining Living Standards Annual Global Employment Trends report, the International Labour Organization (ILO) http://www.globalresearch.ca/worldwide-jobless-numbers-global-unemployment-hits-record-high-declining-living-standards/5320126
[Excerpted] World unemployment could hit record
levels this year and continue rising until 2017, a United Nations agency
reported Monday. In its annual Global Employment Trends report, the
International Labour Organization (ILO) forecasts that jobless numbers around
the world will rise by 5.1 million in 2013 to 202 million people, topping
2009’s record of 198 million.
Five years after the outbreak of the
global financial crisis, world economic growth has decelerated and unemployment
has begun to increase again. The ranks of the working poor are also on the
rise, while large numbers of “discouraged workers” are dropping out of the
labor market altogether.
The trends examined in the ILO
report expose the fraudulent claim in Barack Obama’s inaugural address Monday
that “an economic recovery has begun”—in the United States or elsewhere. On the
contrary, a systemic crisis of the world capitalist economy is destroying jobs,
particularly for the world’s youth, and plunging greater numbers of people into
poverty. The austerity measures of governments around the world are further
exacerbating this process....
read the entire article linked above to get a sense of the ongoing collapse in economic opportunity that is occurring around the globe, coinciding with the ongoing collapse of the ecosystem.
RELEVANT POSTS
Dec 22, 2012
The
"dispossession" of the population through risk shifts and austerity
programs has been an ongoing concern of mine, and the subject of a book
project I've been developing. Its my belief that this dispossession is
being ...
Jan 18, 2013
The
data I've been collecting for my book on neofeudal dispossession
indicate dramatic declines in household income, particularly among young
people (including college graduates) and minorities. The Obama health ...
Jan 02, 2012
[i]
Instead, this project focuses on the consolidation of wealth and power
and the amplification of economic and political dispossession in the
wake of the financial crisis that began in 2007. Emerging in the
aftermath of the ...
Jul 30, 2011
The
document describes a world “dividing into two blocs—the plutonomies,
where economic growth is powered by and largely consumed by the wealthy
few, and the rest” (p. 1). The U.S. is a “key” plutonomy characterized
by ...
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