Five Reasons the 1% Do Not Want Unemployment to Decrease

Five Reasons the 1% Do Not Want Unemployment to Decrease

"The most important value to high unemployment to the 1% is in the ever-increasing profit margin that comes from lowering the cost of labor by decreasing salaries and benefits. This result from competition for jobs among a group of desperate employment seekers is that they have no choice but to accept low-paying jobs.
Therefore, while the media likes to use the benchmark unemployment statistics as a sign of the economy "improving" if the government figure goes down, the 1% actually sees its lopsided share of US assets increase when the unemployment figures are higher and wages lower.
This reality, largely ignored by the mainstream media, is of course facilitated by the globalization of jobs to lower cost (often slave wage) settings, devaluing the US labor market even further."