Sunday, February 24, 2013

The Walker Agenda Is Still Working! Part CLXVI

Scott Walker's agenda is really kicking in, with new jobs going from dismal to damn near dead:
Job creation in Wisconsin slowed markedly between July and September, according to the most recent available government data deemed credible by economists.

According to a report Friday from the state Department of Workforce Development, the state added 20,481 private-sector jobs in the 12-months that ended September - with most of the weakness in the final three months of that period. That 12-month increase is a little more than half of the average gain of 37,355 for the preceding seven quarterly reports.

Friday's report also contained the weakest reading since the 12 months of September 2009 to September 2010 - a period that overlapped with the last recession.

"Certainly the data shows a slowdown," said Brian Jacobsen, an economist at Wells Fargo Bank in Menomonee Falls and an economics professor at Wisconsin Lutheran College. "There was a slowdown. That you can say without qualification."
Remember when Scott Walker said that after the recalls, there would be an explosion of hiring? Chalk that up as being another dud:
The results indicated that the three months between July and September were unusually weak, Jacobsen said. The newest data shows pronounced weakness even though the 12-month period had an overlap of nine months and six months, respectively, with those two previous reporting periods, which were far stronger.
As I have repeatedly written, Walker's plan of taking the money away from the people and giving it all to his campaign donors and corporate masters has forced a drop in demand. With no money, people are not going to buy things that they don't absolutely need. And with the drop in demand, the companies that thought Walker was their knight in shining armor found out he was just a troll from under a bridge and that his agenda was a hoax.

But cheer up, it gets worse.

With his Divide and Conquer strategy, he was able to weaken the unions to the point that the prevailing wages have started their predicted decline:
Just as troubling, Jacobsen said, is that Friday's report also shows that average private-sector wages in the July-September period of last year fell 1.2% from the same quarter in 2011.

"More people are working, but perhaps they are lower wage jobs," he said. "It suggests there's a change in composition of jobs in where there's a slight shift toward lower paying jobs."
And from this comes the state's alleged shortage of workers. There's plenty of good, skilled workers. But they would rather leave the state than stay and work for substandard wages.

I'm just waiting to find out when we can officially change the name of the state to Wississippi.

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