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?