Paul Krugman takes down the bullshit from Jamie Dimon - that the reason you're not finding a decent job is your own damned fault - stoopid losers.
From his piece in NYT:
Jamie Dimon lives in his little bubble with a variety of others who occupy similarly lofty stations in USAmerica Inc. And there's a handful of other bubbles occupied by Big Power Wielders - mostly, those bubbles are filled with people holding C-Level positions in Politics and Military Branches and Law Enforcement etc. Then, you can add in the bubbles from the rest of the planet, and feed it all a constant stream of talking points and rebuttal arguments from a cluster of Media Bubbles (DumFux News, NRO, AEI, WSJ, etc), which gives us the now-infamous Echo Chamber Effect, because, remember now, Press Poodles get their "news" from the newsmakers, and those newsmakers are all inside one of those bubbles - and before your very eyes the world is transformed into a 1950s Disney cartoon with no grounding in reality at all.
Can you say 'entropy'?
So the Zombie-Think Dr Krugman talks about is an important phenomenon to watch. It's one thing for the rubes to buy in - hell, ya gotta get the rubes to go along with it, or it won't work - but when it looks like the guys who're supposed to be running the scam start believing their own bullshit, it's time to call in the dogs and piss on the fire cuz this hunt is over.
“Today, nearly 11 million Americans are unemployed. Yet, at the same time, 4 million jobs sit unfilled” — supposedly demonstrating “the gulf between the skills job seekers currently have and the skills employers need.”
Actually, in an ever-changing economy there are always some positions unfilled even while some workers are unemployed, and the current ratio of vacancies to unemployed workers is far below normal. Meanwhile, multiple careful studies have found no support for claims that inadequate worker skills explain high unemployment.
But the belief that America suffers from a severe “skills gap” is one of those things that everyone important knows must be true, because everyone they know says it’s true. It’s a prime example of a zombie idea — an idea that should have been killed by evidence, but refuses to die.Hat tip = Salon
Jamie Dimon lives in his little bubble with a variety of others who occupy similarly lofty stations in USAmerica Inc. And there's a handful of other bubbles occupied by Big Power Wielders - mostly, those bubbles are filled with people holding C-Level positions in Politics and Military Branches and Law Enforcement etc. Then, you can add in the bubbles from the rest of the planet, and feed it all a constant stream of talking points and rebuttal arguments from a cluster of Media Bubbles (DumFux News, NRO, AEI, WSJ, etc), which gives us the now-infamous Echo Chamber Effect, because, remember now, Press Poodles get their "news" from the newsmakers, and those newsmakers are all inside one of those bubbles - and before your very eyes the world is transformed into a 1950s Disney cartoon with no grounding in reality at all.
Can you say 'entropy'?
So the Zombie-Think Dr Krugman talks about is an important phenomenon to watch. It's one thing for the rubes to buy in - hell, ya gotta get the rubes to go along with it, or it won't work - but when it looks like the guys who're supposed to be running the scam start believing their own bullshit, it's time to call in the dogs and piss on the fire cuz this hunt is over.
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