Employment Lies
April 13, 2015
JIM QUINN writes in a piece at Zero Hedge:
Every time the BLS puts out their monthly propaganda report on the wonderful state of the U.S. jobs market and states with a straight face the unemployment rate is a measly 5.5%, their corporate mouthpieces in the mainstream cheerleader media regurgitate the fake numbers and urge you to buy stocks. The millionaire talking heads on CNBC and the corrupt bought off politicians in D.C. make broad sweeping declarations about economic recovery, strong job growth, GDP advancement, record highs in the stock market, and soaring consumer confidence.
The people living in the real world know otherwise, but they want to believe the “experts” and “leaders”. This dichotomy between reality and what they are being told is causing a tremendous amount of mental stress. This cognitive dissonance of attempting to reconcile what they are experiencing in their every day existence and the propaganda being peddled at them on a daily basis from big media, big bankers, corporate titans, and captured politicians pulling the strings and running the show, is causing psychological discomfort. Most people want their lives to get better, so to reduce their cognitive dissonance they choose to believe the government and media reports about economic improvement.
[…]
The truth is the labor participation rate has fallen dramatically since 2008 and now sits at a 38 year low of 62.7%. The rate consistently remained between 66% and 67% from 1988 through 2008. There are 250 million working age Americans and only 148 million Americans working and the powers that be expect you to believe only 8.5 million of the 102 million non-working Americans are actually unemployed. When the critical thinking doom websites point out the record low participation rate, the immediate response from the Wall Street propaganda machine is Baby Boomers retiring. Their co-conspirators in misdirection and misinformation in the media unquestioningly perpetuate this lie without an iota of journalistic credibility.
