Friday, November 6, 2009
WELCOME TO HARVARD
CNN OPINION--During the current recession, workers who are "part time for economic reasons" have grown from 4.6 million to 9.3million.
Adding part-time workers to the number of officially unemployed and the discouraged workers, as labor market expert Leo Hindery, Jr., has observed, results in a rise in the real unemployment rate to 19.2 percent, or 30.6 million people.
The odds of any one of these 30.6 million securing one of the 2.4 million full-time jobs available is 8 percent, the same as the admissions rate of the Ivy League gold standard, Harvard University.
Which makes perfect sense since the same douche bag who ran Harvard now runs the economy.
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