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Unemployment: The Shocking Truth of Its Causes, Its Outrageous Consequences And What Can Be             Done About It
 
 
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Unemployment: The Shocking Truth of Its Causes, Its Outrageous Consequences And What Can Be Done About It [Paperback]

Jack Stone (Author), Joe McCraw (Author)
5.0 out of 5 stars  See all reviews (2 customer reviews)

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Book Description

July 9, 2009
This book does not take a neutral stand on the issue of mass unemployment. It is an effort to expose capitalism's most outrageous feature - its compulsive need to use unemployment and the fear of unemployment to ensure the docility and subservience of its workers. Under the capitalist system, the stick of the fear of unemployment is necessary to keep workers' noses to the grindstone and make them perform to the satisfaction of their employers. The stick is needed because much work is boring, the carrot paid is less than a living wage, provides workers very little or no control over the work process, and stifles creativity - in short because the total carrot offered to numerous workers is so woefully inadequate. Under a different system, one in which working people participated fully in the decisions affecting what, how and for what purpose goods and services were produced; if we had a system based on economic democracy, there would be no need to use the stick of the fear of unemployment. The creativity of most of the millions of working people, now mostly dormant, would be awakened and the volume and quality of improvements and inventions especially in housing, energy, transit systems and health care would be so great as to tower high above and completely overshadow the number and purpose of the innovations created under the present system.



The issue of unemployment is shrouded in half-truths and outright lies. As a result, there is almost total ignorance about the real causes of unemployment and worse still, about its very serious consequences. Many claim that there are enough jobs but that the unemployed are lazy and would rather be on welfare. While this may be true of a very small fraction of the unemployed, it is not true of the overwhelming majority. There have been numerous instances in which whenever advertisements calling for applicants for relatively well-paid jobs or for jobs that paid better than the minimum wage, the number of applicants that applied for those jobs were ten or more times greater than the number of jobs that were advertised.



In September 26th of 1984, to mention just one instance, the Associated Press News Agency reported that "50,000 people lined up for 350 jobs." The report went on to say that "the applicants, some of whom waited in line for two days, hope to land a longshoreman's job paying $15.45 an hour or a marine clerk's job earning $17.45 an hour... However the fact that only 350 jobs are currently available didn't dismay the crowd, which queued up in a line in the San Pedro district [of Los Angeles] that stretched for 13 mile..."



Clearly, the majority would rather have gainful employment at a living wage and live a life of dignity and integrity. Furthermore apart from the simple need to earn a living, productive employment is an indispensable part of the psychological makeup of human beings. Simply put, people want to feel useful. Prolonged joblessness is a serious threat to a person's self-esteem and destroying that self-esteem has appalling consequences.



The ugly truth is that the system under which we live will not or cannot provide jobs for those who need them. The business class is simply not interested in full employment because mass unemployment provides them with many benefits. Among those benefits: a large pool of unemployed workers drives down the wages employers have to pay.


Product Details

  • Paperback: 272 pages
  • Publisher: Trafford Publishing (July 9, 2009)
  • Language: English
  • ISBN-10: 142691475X
  • ISBN-13: 978-1426914751
  • Product Dimensions: 8.5 x 5.5 x 0.6 inches
  • Shipping Weight: 10.4 ounces (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #2,388,028 in Books (See Top 100 in Books)

 

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3 of 3 people found the following review helpful:
5.0 out of 5 stars A Relevant Economic Book, December 3, 2010
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This review is from: Unemployment: The Shocking Truth of Its Causes, Its Outrageous Consequences And What Can Be Done About It (Paperback)
I usually do not review books outside meditation, organic gardening, herbs, yoga, and electronics. But this book came to my attention and I thought it was worth giving this book some voice in the form of a review. Since the collapse of the housing market and the banking crisis, there has been a need to gain some perspective about why these things are happening and what we can do to improve the economy. The book UNEMPLOYMENT'S SHOCKING TRUTH by Jack Stone and Joe McCraw gives some interesting analysis regarding many of these factors. It has about 15 cartoons and about 4 graphs to illustrate the message. The book is well written and well organized, having clear chapter headings and subheadings. The book steps back and takes a partly historical perspective, going back to the Full Employment Act of 1945 and how this measure was politically subverted. It then looks at the 1978 Humphrey-Hawkins Full Employment Bill and five other Full Employment Law Proposals from 1985 to 1999. The book then moves more into present and looks at the rising inequity between income and wealth and how this is a cause for more unemployment. Other chapters look at some of the many causes that increase unemployment: How the unending introduction of advanced technology is replacing jobs, how jobs are being exported overseas where there is cheap labor, how corporate mergers reduce the number of jobs needed, and how imported labor displaces domestic workers. There is a chapter on the role of the Federal Reserve in creating mass unemployment and the role of recessions in creating unemployment. The last two chapters covers the consequences of unemployment, how it is behind an increase in crime, homelessness, welfare costs, riots, and jails. The last chapters talks about possible solutions to unemployment and underemployment, focusing on programs that would create jobs in housing, mass transit, infrastructure renewal, education, energy, health care, environment, child care, teen recreational centers, and parks. There is some focus, too, on the massive amount of money that goes into the military and the need to divert this money back into this country and what it needs.The book has a lot of statistics and references to back up its insights. Many books, magazines, and articles are quoted.

What I find interesting is that many items that confirm the perspective and information in this book abound in the regular news. But sometimes when we get it piecemeal, in short sound bytes between tornadoes, earthquakes, and the latest explosion, the larger picture is not always seen. I think we do need some clear maps that go beyond taking a band-aid approach to fixing the economy, especially when the band-aids may themselves exacerbate the whole situation. Getting a larger perspective may be helpful in navigating through this period of economic challenges and Stone's book provides that larger perspective very effectively.
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1 of 1 people found the following review helpful:
5.0 out of 5 stars How Can a Book This Important Stay Hidden!, December 25, 2010
This review is from: Unemployment: The Shocking Truth of Its Causes, Its Outrageous Consequences And What Can Be Done About It (Paperback)
With the recent severe downturn in the economy, the subject of unemployment has been getting a lot of attention in the corporate news. However, the true causes of unemployment--as well as the identities and motives of its influential proponents--are carefully avoided. Unemployment: The Shocking Truth... takes a refreshingly candid look at this vital national issue, its actual causes, and what can be done about it.

This is a well-researched yet easy-to-read book. In it, the author documents the tenacious opposition of the most powerful business associations to full employment, describing the many lucrative other benefits they reap from keeping large numbers of the population unemployed. He shows how unemployment is created by the rising inequality in income and wealth, and the actions that big business takes to create millions of layoffs. Those actions include: introducing advanced technology, exporting of American jobs, merging of corporations and importing cheap labor.

No less serious for working people are the periodic interest rate increases of the Federal Reserve Bank.

Mr. Stone goes on to delineate unemployment's many outrageous consequences for working people and their families, as well as for all other Americans.

He also shows how the creation of a full employment society will require dealing with the bitter opposition to it by the business class. A variety of badly needed projects can then be carried out to create a vibrant and healthy society that could provide work to all the presently jobless millions. The funding for such a program can come from a steep reduction in the incredibly swollen and wasteful military budget, from the billions of tax dollars that corporations used to pay in the past but are no longer paying, and from the billions of tax dollars the jobless would pay once employed.
Fifteen excellent cartoons illustrate some of the book's more important points.

This book is essential for an understanding of how and why unemployment is artificially maintained by the powers that be.
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United States, Wagner Act, Second World War, Big Business, Great Depression, Chamber of Commerce, General Motors, Federal Reserve Bank, New York, African Americans, Congressional Committee, Bureau of Labor Statistics, Farm Bureau, General Electric, Lockheed Martin, Economic Bill of Rights, Los Angeles, Fair Economy, National Farmers Union, Time Magazine, Civil War, New Deal, Republic Steel, New Jersey, American Federation of Labor
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