On January 19, 2013, Ricardo Lopez writes in the Los Angeles Times that after adding jobs [most low paying] at a steady clip hrough most of last year, California’s employment engine lost steam in December as employers reduced payrolls by 17,500 net positions.
The unemployment rate remained unchanged at 9.8 percent last month, according to figures released Friday by the state’s Employment Development Department.
The loss of payroll jobs in December ends seven months of job growth in the Golden State. For much of the year, yearly job growth was hovering around 2 percent but has now dropped to 1.6 percent.
The reality is that this trend will continue with tectonic shifts in the technologies of production destroying and devaluing jobs. Efforts aimed at JOB CREATION will continue to result in mostly make-work, boondoggle jobs underwritten by taxpayer monies and mounting government deficits and national debt to prop up the economy through the military-industrial complex and government welfare, open and concealed.
There is a solution. The Just Third Way Master Plan for America’s future is published at http://foreconomicjustice.org/?p=5797.
The fundamental economic solution is to create income for EVERY American by simultaneously broadening private, individual ownership of FUTURE productive capital economic growth and fully paying the profit dividends to the new American owners of the income-producing capital assets of our corporations.
Support the Capital Homestead Act at http://www.cesj.org/homestead/index.htm and http://www.cesj.org/homestead/summary-cha.htm
