Fuck without sign
So this Great Recession of ours – don’t kid yourself, it ain’t over – is a moral crisis as well as an economic catastrophe.
And what would society and civilisation be like if we didn’t have to ‘earn’ a living – if leisure was not our choice but our lot?But ‘full employment’ is not the way to restore our faith in hard work, or in playing by the rules, or in whatever else sounds good.The official unemployment rate in the United States is already below 6 per cent, which is pretty close to what economists used to call ‘full employment’, but income inequality hasn’t changed a bit.But are these transfer payments and ‘entitlements’ affordable, in either economic or moral terms?By continuing and enlarging them, do we subsidise sloth, or do we enrich a debate on the rudiments of the good life?And we’ve believed that, even if it sucks, a job gives meaning, purpose and structure to our everyday lives – at any rate, we’re pretty sure that it gets us out of bed, pays the bills, makes us feel responsible, and keeps us away from daytime TV. In fact, they’ve become ridiculous, because there’s not enough work to go around, and what there is of it won’t pay the bills – unless of course you’ve landed a job as a drug dealer or a Wall Street banker, becoming a gangster either way.
These days, everybody from Left to Right – from the economist Dean Baker to the social scientist Arthur C Brooks, from Bernie Sanders to Donald Trump – addresses this breakdown of the labour market by advocating ‘full employment’, as if having a job is self-evidently a good thing, no matter how dangerous, demanding or demeaning it is.
In the 1970s and ’80s, before Ronald Reagan’s signature tax cuts took effect, approximately 60 per cent of manufactured imported goods were produced offshore, overseas, .
That percentage has risen since then, but not by much.
Transfer payments or ‘entitlements’, not to mention Wall Street bonuses (talk about getting something for nothing) have taught us how to detach the receipt of income from the production of goods, but now, in plain view of the end of work, the lesson needs rethinking.
No matter how you calculate the federal budget, we can afford to be our brother’s keeper.
No one can doubt the moral significance of the movement.