Among the recent news items that have challenged the embattled Trump administration is the February jobs report. At only 20,000 new employment opportunities added to the economy, the metric fell below analysts’ expectations. Even worse, the so-called underemployed distort the true (dire) status of our country. Unsurprisingly, then, few people talk about overemployed workers.
At first glance, the concept sounds utterly insane. Utilizing various tactics — including copious financial engineering – the Obama administration gingerly guided the country out of the Great Recession. While the former President deserves some credit for at least temporarily mitigating the situation, underlying problems remain.
One of them is the plight of underemployment. By now, we’ve all seen the mainstream media delight in record-low jobless figures. However, these metrics distort the true reality: many families are barely making ends meet. Without adequate income, several individuals have resorted to temporary work.
Of course, with any short-term job, once the contract runs out, so too does the income stream. Yet the government tracks and considers underemployed workers as full-time employees, presenting an unrealistically optimistic view of the economy.
It goes without saying that such falsehoods create real problems, especially if they form the basis for monetary policy. But an even more pernicious threat lies hiding, waiting for the inopportune moment to strike: overemployed workers.
Overemployed Workers will Destroy this Country!
On the surface, I may sound like an unhinged conspiracy-theorist. However, the reality of compounding interest and stupidity doesn’t lie: if we don’t reel in overemployed workers, we’re done for!
What do I mean by the overemployed? Broadly, I refer to government workers. Whether someone is in the civilian sector or serving in the armed forces, getting a government gig is swell. In exchange for giving up a certain amount of autonomy (or all of it in the case of the military), you receive generous benefits and financial compensation.
Obviously, there’s nothing wrong with paying government workers: they’re performing an often-necessary function, just like the rest of us. But the difference is that those who work in the private sector operate under the capitalist ethos. In government, though, that sentiment exists in name only.
Consider the most vaunted of sacred cows that we have stateside. If you want to move ahead in America, you better learn to get on your knees and worship a servicemember. We can’t have any discussion about compensation reform because doing so is tantamount to treason.
Given such powerful, hegemonic resistance to change, it’s no wonder why servicemember salaries move up annually like clockwork. In fact, we’ve gotten so deep into our military worship that the public genuinely believes we’re not paying them enough!
Thus, every year, a servicemember gets a generous raise for knowing how to breathe. In contrast, millions of families work themselves to death, just in the hopes of surviving.
But hey, at least we have a strong military!