Best years of your life?

It’s not much fun being young at the moment. If you manage to stay in education you end up accruing large debts only to be told standards are slipping and the only reason you’ve passed is because the exams are so easy now. On the street you’re either patronised as a ‘chav’ or feared as a ‘hoodie’. Everything from the summer riots to cultural decline is down to you and your self obsessed, greedy individualism: you just can’t win.

Why do the capitalists cut jobs?

It's not for fun that the capitalists refuse to exploit a growing number of workers or to carryon exploiting the old ones. They get their profit from living labor as it is devoured by the machinery of the wages system. The work of others is, for capital, the goose that lays the golden eggs. As such, capital doesn't have an interest in killing it. But capital's only religion is profit. A capitalist who doesn't make a profit is doomed to disappear. Capital doesn't give out jobs out of humanism, but because that's the way it works.

25 years of growing unemployment

For a quarter of a century, since the end of the 1960s, the scourge of unemployment has continued to extend and intensify throughout the world. This development has been more or less regular, going through more or less violent accelerations and refluxes.

Persistent unemployment shows the deepening of the crisis

In the Communist Manifesto, Marx describes the result of economic crises: “an epidemic that, in all earlier epochs, would have seemed an absurdity - the epidemic of over-production”. Why is overproduction an “absurdity”? Because it is not overproduction in terms of actual human need but in terms of the market requirements of capitalist accumulation; real human beings may starve to death but where there is no profit, capitalism will not produce food.

Failure to Extend Unemployment Benefits Reveals Impasse of the US State

Since the summer of 2007, the United States federal government has extended benefits under the Emergency Unemployment Compensation (EUC) program to unprecedented levels amidst the most serious unemployment crisis the nation has experienced since the great depression of the 1930s.

Unemployed, but not counted in the statistics: An inside account of the ‘New Deal’

David Blanchflower was the man on the Bank of England's Monetary Policy Committee who correctly predicted that the official figure for unemployment in the UK would reach 2 million when it did. He now says that rising jobless figures have "the taste of something horrible" and he "could easily see unemployment reaching 4 million."

Out of the Frying Pan, Into the Fire: Victimized During the “Recovery” Workers Face a Deluge of Attacks

The ruling class likes to call the period of time that goes from one recession to another a "recovery." What was unique about this alleged period of capitalist "prosperity" was that the living conditions of the working class actually continued to deteriorate at an alarming rate.
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