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July 11th, 2010 at 5:32 pm
Wendy is only one tiny atom at the tip of growing iceberg and one more statistic to add to the reality that jobs for billions of people all over the world are just not there and will never be.
For many years we have simply assumed that there will always be jobs available for those who get an education, and work hard. This has been patently false. Having worked for 30 years in the employment agency and executive search business, it has been my experience to see millions of jobs disappearing while the population in the disUnited States kept on rising by tens of millions, this among the educated class. Mostly these jobs disappeared forever because they were redundand elminated one by one by the great wave of consolidation of thousands of companies financed by the infamous junk bonds that put the purchasing companies on the hook for trillions in debt. How many administrative types does one company need, a company which buys ten other companies? How many CFOs (and their support staff) now need to find new jobs?
I first began to notice this in the late 70s and early 80s in my city where one employer in the Fortune 500 sold itself to another company throwing thousands out of work at corporate headquarters. Being called in to interview these forsaken professionals I was struck by the unique positions they held and the salaries and benefits they were given. There were no comparable jobs for these mostly adminsitrative and engineering types to be had in our city from any other company and for sure not at the money they were then making.
Within ten years even more consolidation thru LBOs happened and I kept saying one day there will only be one employer and then what? It was about this time that I accidentally picked up a copy of, "Player Piano", by Kurt Vonnegut. From him we learn what happens when all the work to be done in the world can be handled by a few people and the rest are put into a false world of ‘work’ in order to give them something to do with their time to feel somewhat valuable.
Vonnegut was a bit early but his vision now looks to be manifest. What are we going to do in the post-labor world with the ever increasing numbers of people who will find themselves in this rapidly growing class of people with nothing to do?
Helping out of these people with a 3,000 payoff will do nothing to solve the issue. You will find others, millons of others bobbing around in the same lifeboats with no direction in which to sail to reach the shores of employment and a return to productive living.