Friday, June 04, 2010

Capitalism's Wet Dream

Say goodbye to full-time jobs with benefits

"NEW YORK (CNNMoney.com) -- Jobs may be coming back, but they aren't the same ones workers were used to.
Many of the jobs employers are adding are temporary or contract positions, rather than traditional full-time jobs with benefits. With unemployment remaining near 10%, employers have their pick of workers willing to accept less secure positions.

In 2005, the government estimated that 31% of U.S. workers were already so-called contingent workers. Experts say that number could increase to 40% or more in the next 10 years.James Stoeckmann, senior practice leader at WorldatWork, a professional association of human resource executives, believes that full-time employees could become the minority of the nation's workforce within 20 to 30 years, leaving employees without traditional benefits such as health coverage, paid vacations and retirement plans, that most workers take for granted today."

The premise is truthful but these financial stories can't help throwing out the idiotic numbers like 10% jobless. Or pretending to look decades into the future. Or beginning the piece with "Jobs may be coming back". Please.

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