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|    az.general    |    What goes on in exciting Arizona...    |    2,973 messages    |
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|    Message 1,889 of 2,973    |
|    4 Hour Workday Gee Thanks Democrats to All    |
|    Tackling The Real Unemployment Rate: 12.    |
|    29 Dec 14 23:19:40    |
      XPost: ba.politics, dc.media, soc.penpals       XPost: alt.burningman       From: liars@cheats.com              Imagine being served your poolside drinks by a lawyer, or       getting your chicken sandwich delivered by an experienced       marketing professional. The first is a friend of mine, the       second my waitress a few weeks ago. Both lost jobs due to       economic downturns at their organizations. Both took available       work to pay the bills while looking for new positions in their       chosen professions.              My friend and the waitress are victims of a massive but hidden       problem called underemployment. Watching falling unemployment       numbers being reported at 6.2%, down from nearly 10% four years       earlier, is simply misleading.              Despite the significant decrease in the official U.S. Bureau of       Labor Statistics (BLS) unemployment rate, the real unemployment       rate is over double that at 12.6%. This number reflects the       government’s “U-6” report, which accounts for the full       unemployment picture including those “marginally attached to the       labor force,” plus those “employed part time for economic       reasons.”              “Marginally attached” describes individuals not currently in the       labor force who wanted and were available for work. The official       unemployment numbers exclude them, because they did not look for       work in the 4 weeks preceding the unemployment survey. In July,       this marginally attached group accounted for 2.2 million people.       To put that in perspective, there are currently 16 states in the       U.S. with populations smaller than 2.2 million.              741,000 discouraged workers – workers not currently looking for       work because they believe no jobs are available for them – are       included within the list of marginally attached people. Another       7.5 million were not considered unemployed because they were       employed part-time for economic reasons. Those people are also       called involuntary part-time workers – working part-time because       their hours were cut back or because they were unable to secure       a full-time job.              When you look at state populations – using the 7.5 million – the       number represents more than the population of Washington,       Massachusetts, or Arizona.              These numbers mean the U.S. has nearly 10 million workers only       marginally engaged in their work situation. They don’t       contribute their full potential to their households, the economy       or society in general. While reporting a low, declining       unemployment number may comfort people, we can’t ignore the       millions of workers feeling the pain of the real unemployment       number rising from 12.4% to 12.6% last month.              Dan Diamond’s Forbes article, Why The ‘Real’ Unemployment Rate       Is Higher Than You Think highlights another disturbing fact that       compounds the challenge: The longer you’re without a job, the       less likely you’ll get called back for an interview. By the       eighth month of unemployment the callback rate falls by about       45%. The article concludes “many employers see these would-be       workers as damaged goods.” These same people could be       contributing greatly to the economy. Instead, they are spending       their days trying to secure employment or working in       unfulfilling and part-time jobs while depleting their savings       and 401K’s to supplement their income. Or worse yet, living off       their credit cards just to survive.              The answer to these challenges is not solely job creation, but       creating the right jobs to maximize a labor force. Here is the       solution:              Quality Over Quantity              Getting people back to work is good, but if the quality of their       employment is down or the money earned insufficient you create       other problems:              unsatisfied and disengaged workers       low productivity and work quality       high turnover and operating costs       financial, social, and household strain              To create quality jobs there must be an accurate window into the       people needing work, not just programs in place to retrain       highly skilled and experienced workers for low-skilled jobs.       Retraining should be available, but for those truly desiring a       new career. There must be an effort by employers to fully       utilize and capitalize on the talents their potential employees       can bring to their organizations.              When interviewing candidates – or evaluating your current       workforce – look beyond the role they are pursuing or filling.       Assess what else they can deliver for your organization. What       skills and experiences are they not using in their current role?       Is there a way to expand their current jobs to include and       leverage missed opportunities? Paying attention to what is on a       candidate’s and employee’s resume, closely observing their work,       and asking good questions about other contributions they feel       they can make are effective ways of performing this assessment.              Post assessment, work-sharing and job rotation programs provide       employees a chance to apply unused but valuable experience and       to contribute at higher levels.              High-Skilled Jobs Promote Healthy Economies              While governments may believe low unemployment is the key to       economic success, it has not proven true. In 24/7 Wall St.’s       article Nine Countries Where Everyone Has A Job, a highlighted       2012 study concluded: “only a minority of the countries with low       unemployment actually have a healthy economy where middle-class       jobs are abundant.” These middle-class, higher skilled jobs tend       to have a greater impact on innovation, productivity and       improved efficiency.              After World War II, Europe’s economy recovered quickly despite       its destroyed factories and infrastructure. This was primarily       due to maximizing and strategically leveraging the experienced       workforce.              Unlike investing in machines – which need replacing over time –       human knowledge becomes stronger and more valuable the more it       is used and developed. Highly skilled people grow weaker and       become less valuable to our economy when they spend their days       looking for work or occupied in jobs that don’t further develop       and hone their capabilities.              A product designer spending 40 hours a week pondering and       developing new products – plus getting additional training –       will become more creative, knowledgeable and innovative. He/she       will also add further value to their organization the more they       work in their job.              An assembly line worker instructed to repeat the same required       task over and over has little room to add more value to       him/herself or their organization. Except for their own       assertively offered suggestions, that worker may only add value       when their task alters as a result of innovations from higher-       skilled workers. While the product designer can help other       product designers around him or her get better; the assembly       line worker may again be limited by the job and unable to effect       change in the same way.              Innovation First              In the early 1900s, economist Joseph Schumpeter coined the term       “creative destruction” – occurring when something new destroys       something older. When an organization creates a new product or       finds a better way of doing something, it can eliminate its       competition. The invention of the personal computer is a great       example of this. Many mainframe computer companies became              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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