I know we’ll be trying to debunk this stuff forever, but Yahoo News presented this glowing report about how our economy is supposedly rebounding so well because a bunch of trade industry association types and government apologists threw around some percentages to make it look like everything is fine.
Also, I love the sentence in the story stating that “only 2 percent of unemployed software engineers were sitting home reading the classifieds,” or something like that, as if it is beyond the realm of possibility that these individuals could now be forced to work one or two crappy-paying jobs at one time as they continue to look for one mediocre-paying one.
There is probably tons of more information in the Yahoo story I could hammer on, relinking to Paul Roberts and Paul Krugman and others yet again who actually know what they’re talking about, but instead, I’ll just present this information from the AFL-CIO which pretty much shreds all of the B.S. our media likes to peddle on this subject.
I’ll just point out one difference between the two stories: in the Yahoo story, William Archey, president of the American Electronics Association, trumpets the supposed creation of 147,000 new jobs (Over how long a period of time? What kind of salary/bennies? Temp or perm?) .
In the AFL-CIO information, however, the following is noted…
Goldman Sachs estimates 400,000–600,000 professional services and information sector jobs moved overseas in the past few years—accounting for about half of the total net job loss in the sector since January 2001.It’s actually insulting to read fluff like the Yahoo News “story” when considering the human cost behind those staggering numbers.