Thread: Krauthammer: "Middle-Aged May Never Get Employed Again

Krauthammer: "Middle-Aged May Never Get Employed Again"

Posted on July 4, 2011
Video at the link:

"The problem is at the consumer level, confidence is low and that is because, as you showed, showed we had underemployment with one out of every six Americans. The worst element of that is that among the unemployed, against the American history, more than approaching half, have [been] unemployed for over six months. That is historically unprecedented in the United States. That is a phenomenon that is seen often in Europe, rarely seen here. In 2007 the average time to get a new job was five weeks. It's now near six months. And that implies a whole segment of the population, the more elderly or the middle-aged who may never get employed again," Charles Krauthammer said on FOX News this evening.

http://www.realclearpolitics.com/video/ ... again.html

Then again, there is Saudi Arabia's solution to native joblessness.

Saudi Arabia Imposes Quotas to Boost Local Hiring

Imposing quotas that favor local job applicants, King Abdullah hopes to reduce unemployment in the kingdom
By Glen Carey and Mourad Haroutunian

Halah Alduhaylib strolls among the recruiting stands at a June 5-8 jobs fair in Riyadh where 10,000 positions are available. “This is my second fair this week. It’s a great chance for me,â€

1. Welcome to year 3 of a 10 - 12 year Depression

2. This is "The New Normal"

and

3. It was All Created in DC