Exclusive: Osborne's Jobless Recovery

Jobless Recovery

First Posted: 30/08/11 10:00 Updated: 29/10/11 11:12

www.spectator.co.uk:

Read the whole story: www.spectator.co.uk

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Filed by Chris Wimpress  | 
 
 
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HUFFPOST SUPER USER
NJP1
08:25 on 01/09/2011
Jobs? What jobs? Everybody wants jobs but nobody stops to consider just what a job is, and why they’ve gone for good. Our jobs, everything from city banker to refuse collector, depends on digging up cheap carbon fuel and burning it. That’s been the basis of our industrial system for 150 years, our system of employment depends entirely on that.
Now we’ve run out of cheap fuel, and what we have left is too expensive to use to power our factories. That’s why your jobs have vanished. OK, jobs have gone to China, but that’s a short term thing, they are just using cheap manpower to subsidize expensive energy. Our industrial ‘employment’ has been producing goods by burning fuel, that created the need for even faster fuel burning to produce more goods. We deluded ourselves that it was GDP, and the faster we burned it, the more ‘growth’ we had. But we have been creating employment from a finite resource. There is no way of sustaining jobs as that resource diminishes.
Without that energy input, job creation schemes don’t work either, they are just a means of passing money around to give an illusion of employment for a short time. They all fail. Even Roosevelt’s ‘New Deal’ was only saved by the biggest job creation scheme of all: WW2! The economy of the developed world really is that simple, we must consume energy to create employment. It is the truth our leaders daren’t utter.
http://www.yourmedievalfuture.com/
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HUFFPOST SUPER USER
floodberg
Attorney (ret.)
05:46 on 31/08/2011
What were you thinking, HP?

The linked article had information critical to UK readers regardng job creation.  I've already read the UK papers by the time I hit HP, and I had no idea to what if anything that headline referred until I hit the link.  So the headline alone lost you traffic.   Even with a great headline, perhaps 5% of your reader would click the link, and maybe 1 of 5 would have commented. 

Rather defeats the whole purpose, wouldn't you say?