And you are here why?

Derek Thompson at The Atlantic as a piece up on the racial composition of the US workforce , and it is one of the more depressing articles that I have read in the recent past.  As he puts it The numbers reveal a workforce stratified, if not calcified, by race, with whites seeing higher wages and lower unemployment, while blacks and Hispanics constantly stuck behind them.  The following two charts pretty succinctly summarize  everything  wrong with our workforce today. First, what employees make, broken down by race Its really pretty straight forward: White > Black > Hispanic , as well as Men > Women Add to this the next chart showing who works more often, once again broken out by race - but this time, over the last 40  years The bottom line? The unambiguous take-aways? It pays, and has always  paid to be White in this country. Quite literally. Regardless of whether you are a man or a woman If you're a hispanic man, you have ...

The BBC points out that unemployment is almost 23% in Spain.  Mind you, thats the good news.  If you're under 25, the unemployment rate is almost 50% (yeah, thats not a typo). How exactly d'you think that austerity is going to help out here? Somehow cause the magical employment fairy to show up?  I smell a deflationary spiral coming up... Note : Do remember that before the crisis, Spain was one of the good guys, with a budget surplus, a AAA rating, and a lot of envy from others...