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DISemployment: Letting the Rattner out of the bag


The American model of high pro­duc­tiv­ity and low pay has [D] friends in high places. Form­er Obama ad­vis­er and Gener­al Motors (GM) car czar Stev­en Rattn­er ar­gues that America's un­employ­ment crisis is a sign of strength:

Per­ver­se­ly [by which we mean, "designedly"], the nagg­ing high job­less rate re­flects two of the most pro­mis­ing attributes of the American economy: its flexibil­ity and its pro­duc­tiv­ity. Eliminat­ing jobs - with all the wrench­ing human costs - raises pro­duc­tiv­ity and, thereby, com­petitive­ness.

Un­usual­ly, US pro­duc­tiv­ity grew right through the re­cess­ion; nor­mal­ly, com­pan­ies can't re­duce costs fast en­ough to keep pro­duc­tiv­ity from fall­ing.

That kind of ef­ficien­cy is per­haps our [What you mean "we"?] most pre­ci­ous economic asset. Howev­er tempt­ing it may be, we [who?] need to re­s­ist tin­ker­ing with the labor mar­ket [as if union busting weren't "tinkering"]. Poli­cy pro­pos­als aimed too di­rect­ly at rais­ing em­ploy­ment may well col­lateral­ly end up dragg­ing on pro­duc­tiv­ity. [They're lazy. Let's torture 'em.]

Rattn­er comes dan­gerous­ly close to ar­ticulat­ing a full-unemployment poli­cy.

Yeah, "articulating" is indeed the problem. Not in front of the peasants, Steve!

If you look at the actions, instead of the kabuki, and you tune out the liberals and the career "progressives" and the rest of the enablers giving Obama advice on doing what he's never shown any intention of doing, the elite policy objective of normalizing 10% nominal (20% real) DISemployment couldn't be more clear. And it's been achieved quite successfully, no?

They fired you pour encourager les autres. Get it? Clear now?

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RedQueen's picture
Submitted by RedQueen on

both business and government should serve the people, not the other fucking way around. If production is rising WITH increases in unemployment, then we need to balance that with things like shorter work weeks, living wage requirements, etc. Increased production is a problem, not a bonus.

Eureka Springs's picture
Submitted by Eureka Springs on

As long as 'progress' is defined by such measures.

Note to the fine corrente admins: Safari has been struggling for days with corrente.. anytime i simply leave corrente open as one of my favorite/must check on open tabs.. i seize up with specific browser messages saying corrente is the culprit. It's been going on for nearly a week, fyi.