Reuters Headline: Nearly 20 percent of U.S. workers underemployed (click here)
I am tired of of misleading, misguided statistics. 4 out of 5 dentists recommend sugarless gum. Two-thirds of American kids are fatties. And 20% of American workers are underemployed.
What what does that even mean? It means there are 30 million Americans at this point who are unemployed OR working part-time while preferring to work fulltime. Economists think this is important because underemployed people spend less money (30% on average) then employed people.
Well, no sh*t, Sherlock! Let me take you even one step further, if your ass is unemployed, you need to be spending less than if you were employed. In what alternate universe should those WITHOUT jobs spend as much as those WITH jobs? If that’s how it works, then eff it! I don’t even want my damn job. You can kiss my ass!!! I’ll be at the mall spending just as much as your workin’ ass!
Folks come here from other countries all the time — underemployed as hell. They move into a one bedroom apartment with all their cousins and co-workers and friends and shit, everybody puts a benny on the bills. They sleep in shifts. They pick fruit, drive bootleg taxi and clean houses. They bring what little money they make home for the collective good until they can afford to pay cash for their first house in a community that Americans have long forsaken. They don’t wear Gucci. They don’t drive Benzes. They ain’t got no damn cable! No, HELL no! They find their clothes in a bin, they ride their sandals to work and they entertain each other with sock puppets and grain alcohol. In other words, they sacrifice for the American Dream.
Meanwhile back at the foreclosed ranch, Americans are no longer willing to sacrifice. We leverage. We consume. We refinance. Then, we bail out. We’ve become spoiled. When our chips are down, we take surveys and write erudite articles that complain that we have less job than we have lifestyle. Americans need more employment? Maybe what America needs is less lifestyle.