You think I am kidding???? Sober serious.....based on reliance on today's Treasury plan, you should not be surprised if U6 unemployment hits 50% in the next couple years.
Debt is suffocating America and soon few will have any oxygen.
Jobs are evarorating at an ever accellerating rate in America. On Friday, the Post Office announced a plan to reduce the workforce by upto 150K workers... the auto industry lost hundreds of thousands of workers last year and likely to lose much more this years. Same with many many other industries.
The job losses would be fine if there was replacement jobs available, but there are very few replacement positions out there....that is why U6 numbers are so much higher than U3 reported numbers because so many are still unemployed after 6 months and become frustrated.
CEO's are being forced to become pizza delivery drivers for less than $8 per hour. Those women attractive enough are flocking to the adult industry to make quick cash.....
Tough economy drives women to seek jobs in adult entertainment
As more and more lose their jobs, fewer and fewer will be able to spend....as fewer and fewer spend, more and more will lose their jobs.
The cycle does not end until we restructure debt....based on the policies being articulated in Washington......my estimation is when U6 unemployment reaches 50%.