Saturday, June 8th, 2013. Filed under: Alternative Knowledge Banksters Big Brother Economic Manipulations Orwellian World
Paul Craig Roberts
June 7, 2013. The payroll jobs report for May released today continues the fantasy.
Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs.
Are these jobs the high-powered, high-wage “innovation jobs” that
economists promised would be our reward from Globalism. I’m afraid not.
According to the Bureau of Labor Statistics, the jobs created are the usual lowly paid
non-exportable domestic service jobs–the jobs of a third world country.
Retail trade accounts for 27,700 of the jobs.
Wholesale trade accounts for 7,900 jobs.
Ambulatory health care services accounts for 15,300 of the jobs.
Waitresses and bartenders account for 38,100 of the jobs.
Local government accounts for 13,000 of the jobs.
Amusements, gambling, and recreation account for 12,500 of the jobs.
Temporary help services provided 25,600 jobs.
Business support services provided 4,300 jobs.
Services to buildings and dwellings provided 6,400 jobs.
Accounting and bookkeeping services provided 3,100 jobs.
Architectural and engineering services provided 4,900 jobs.
Computer systems design and related provided 6,000 jobs (most likely filled by H-1B work visas).
Management and technical consulting services provided 3,200 jobs.
For a decade this has been the jobs profile of “the world’s most
powerful economy.” It is the profile of third world India 40 years ago.
The jobs that made the US the dominant economy have been moved off shore
by corporations threatened by Wall Street with takeovers if they did
not increase their profits.
The easiest way for corporations to increase profits is to take
advantage of cheap labor in countries with massive quantities of
So, if we believe the BLS report, and the reported new jobs are not
simply a product of faulty season adjustments and a faulty birth-death
model, why is the financial press happy that the US economy can only
create third world jobs? Why was the stock market up on the news that
the US economy has created 179,000 third world jobs? Would rational
markets be up on such discouraging news?
But are the jobs really there?
With retail sales going nowhere, why 35,600 new jobs in wholesale and retail trade?
With real median incomes declining, why 38,100 more waitresses and
bartenders? For every month as long as I can remember the BLS reports
numerous new jobs in waitresses and bartenders, despite the long-term
decline in real median income.
In the May jobs report, where are the jobs for the vast number of new college graduates?
The US now has more hotel maids, bartenders, and waitresses than it
has manufacturing workers. The US has twice as many people employed in
government than in manufacturing.
The services of maids, bartenders, waitresses, and government cannot be exported.
Therefore, the US trade deficit remains large and without exports to reduce it, a crisis in itself.
What the BLS jobs reports have been telling us for many years is that
the US economy is in crisis, in a death-spiral. Yet, not a handful of
economists’ voices have been raised.
Today president obama’s economist said that the notch upward in the
unemployment rate was because the economic outlook was so good that more
people were encouraged to enter the labor market than there were new
The conclusion is inescapable: The same government that lies about
weapons of mass destruction, Saddam Hussein’s al-Qaeda connections,
Iranian nukes, and so on, also lies about jobs, the unemployment rate,
the inflation rate, rigs every financial and commodity market, pretends
that terrorism is such a threat that the US Constitution must be set
aside and that Americans are safer without the protection of habeas
corpus and due process.
It is amazing how rare terrorism is, especially with Washington in
the second decade of trying to stir up terrorism by invading countries
on totally false pretenses, murdering citizens of countries, such as
Pakistan and Yemen with drones, and supporting Israel’s never-ending
murder and dispossession of the Palestinians.
After such massive provocations from Washington, one would think that the world would be ablaze with terrorism. But it isn’t.
As there is so little terrorism, Washington and its presstitute media
call those who resist Washington’s invasion of their countries
“terrorists.” Everyone who resists Washington’s military aggression is a
terrorist. Just ask the New York Times, Fox News, or any
neoconservative. Or, for that matter, the Bilderbergs, the Council on
Foreign Relations, the Trilateral Commission, and Homeland Security, the
Gestapo organization that now defines all American dissenters to be
Washington’s claim that Americans have “freedom and democracy” is the sickest joke in human history.
In 21st century America, defendants have no more rights than the
accused in Nazi Germany or Stalinist Russia. The FBI now shoots suspects
brought in for questioning in the back of the head even before the
suspect is arrested. (Source )
Long before Bradley Manning’s trial the presstitutes have convicted
the accused based on lies leaked by the prosecutors. Consider Bradley
Manning. After three years of detention, including one year of torture,
he is brought to a rigged trial as a national security danger. All that
Bradley Manning did was to comply with the Military Code and report war
crimes. As his corrupt superiors did not want to know, he complied with
his duty, apparently, by going public.
Now he is being made an example. The message is clear: Support Washington’s war crimes or be destroyed.
The Amerika that exists today has more in common with Nazi Germany
than with the America in which I grew up. The young don’t know any
different. But those my age realize that we have lost our country.
America no longer exists.
This article first appeared at Paul Craig Roberts’ new website Institute For Political Economy .
Paul Craig Roberts was Assistant Secretary of the Treasury for Economic
Policy and associate editor of the Wall Street Journal. He was
columnist for Business Week, Scripps Howard News Service, and Creators
Syndicate. He has had many university appointments. His Internet columns
have attracted a worldwide following.
Thanks to Zen at: http://www.zengardner.com