10% Unemployment A Huge Myth

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The sad reality of the unemployment rate in the US.

After attending a tax preparers course for six weeks, two days a week, 3 hours a night and then taking a four hour online test. What do yo get? A part-time job offer preparing taxes for a little bit above minimum wages working at one of the top three tax franchises in the country. Unemployed CPA's and MBA's working for peanuts. They are not counted as unemployed because they are underemployed.

The 10% enjoyment (not a typo) number is a myth..a mere smokescreen. I would say judging by all the middle aged men wandering aimlessly around Home Depot with me yesterday afternoon, the unshaven dads in baseball hats and short pants picking up their kids from school and the college degreed guys I work with for minimum wage preparing individual tax returns, the actual unemployment rate is more like 25%. Put that in your pipe and smoke it Washington. Middleclass, college educated workers watch you’re butts!!!

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Good trading - Mike M


 
 
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