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The Atlantis Report
Premiered May 12, 2021
Job Openings Hit Record High as Unemployment Persists.
America’s labor market is a mess and riddled with incongruency.
On the one hand, businesses can’t find workers. Help wanted signs hang in windows across the country.
This comes as U.S. jobs growth for April was far lower than what the market had predicted. According to the Bureau of Labor Statistics, the U.S. economy added 266,000 jobs last month versus an estimate of 1 million. The unemployment rate rose to 6.1 percent from 6 percent in March.
The jobs they are talking about are low quality,low end ,low paying jobs. Waiters, store clerks and stockers, low end salespeople. What they never say is “when are the good, higher paying jobs coming back”. Probably never.
Those jobs were already gone before the pandemic, for the most part.
Send 70 million high paying jobs to China and then replace them with $12 per hour retail jobs.
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Now try to convince highly trained, highly skilled people to take $12 per hour.
Offshore American jobs then expect people that lost lifelong careers or worked in specialized industries to hop on down to Chipotle and get a job.
Not to mention that nearly 40 percent of workers could make more on unemployment at the $300 level than they would earn by returning to work, according to American Action Forum, a center-right policy institute.
The economy is still 8.2 million jobs below pre-pandemic levels.
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