Twenty-one years ago, Fortune boldly declared “The End of the JOB.” Thanks to rapid advances in technology, people had been freed from the tyranny of the nine-to-five workplace. Now they could set their own hours and schedules, do without constant oversight and supervision, and concentrate on a more powerful objective: not just “doing their jobs,” but finding better and more innovative ways of “doing what needs to be done.”
Whatever the outcome of the 2016 presidential election, the summer of 2015 will be remembered as the summer of Trump and Sanders. The other candidates, especially the Republicans, could learn a lesson from the two renegades, who have figured out how to capitalize on the fact that America is in a funk even as its economy improves.
On Friday, the government reported that the economy added 215,000 jobs last month, and that the unemployment rate remained a low 5 percent. That could support a decision by the Federal Reserve Board to raise its key interest rate in September.
Hillary Clinton delivered a speech on the economy earlier today in New York City. Here are the talking points the Clinton campaign sent along to friends and allies, hoping that they'll repeat these lines on cable news and in conversations:
First time claims for unemployment spiked last week. As Bloomberg reports:
Jobless claims climbed by 15,000 to 297,000 in the week ended July 4, a Labor Department report showed today in Washington. The median forecast of economists surveyed by Bloomberg projected claims of 275,000.
Parades, fireworks, patriotic songs, 150 million hot dogs consumed, 41 million car trips of more than 50 miles -- and heightened security in reaction to Islamist terrorist threats to disrupt our celebration with murder and mayhem as part of their celebration of their holy month of Ramadan. That’s all part of the celebration of our independence from Britain, which at that time specialized in governing us by executive fiat.
One reads of the crisis in Greece. And the one much closer to home in Puerto Rico. The crisis, that is, that inevitably comes after spending too much and taking on more debt than it is possible even to service, much less pay down. One thinks of how unfortunate it is for the people who will now redeem with pain, the promises made by the politicians of previous generations.
We have been hearing, for so long now, that the end is nigh in the crisis of the Greek economy that it is hard to take another such warning seriously. The problem of Greece, like so many others, seems to have no end, no resolution and, even, no point. Unless, that is, you are a citizen of Greece. Then it is your life.