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Thursday 5 July 2012
Job Insecurity: It's the Disease of the 21st Century -- And It's Killing Us

Compared to other western nations, Americans have few buffers when things go badly. New Deal policies meant to protect us from brutal economic downturns have been systematically shredded. At a time of high unemployment and union disintegration, employers have less incentive to provide health care and fair contracts. The vulture capitalism of profiteering firms like Mitt Romney’s Bain Capital, which make a quick buck by bankrupting companies and laying off employees, has created a global image of America as a place where working people are so many carcasses to be picked over by financiers. Better-educated workers are still more secure than others, but a diploma is no longer the magic ticket for holding on to a job. That’s why the U.S. graduates of 2012 are more concerned with job security than any other aspect of employment, including salary and benefits, one study found.

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    I am a retired teacher in Michigan. I have a defined benefit pension fron the state. My social security is defined...
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