The New York Times also reported today that unemployment in the deep south is RISING!!!! For years, rust belt states got clobbered by unemployment, and union wages and benefits were the alleged culprits. Meanwhile, employers rushed to the deep south to take advantage of lower wages, anti-union climates, right-to-work laws, and desperate workers.
But in today's report, North and South Carolina, Mississippi, Alabama, Georgia and Florida have reported some of the highest rates of unemployment.
It seems like the housing bubble in Nevada, the inland-empire of California, and Florida contributed to the ugly unemployment picture more than high-wage jobs.
Perhaps taking low-wage jobs is not the solution for our unemployment mess.
I think this is just the tip of the iceberg. Let's see where this goes?