[Lamplighter]

Originally Posted by Lamplighter

The TV heads were just talking about US job prospects in 2011,
and how so many people (84%) who are currently employed
are planning to look for different job in 2011.
The heads also said that employers will be looking more favorably on (these) people who
will be seen as "trading jobs", as opposed to those who have been unemployed for a long time.
<snip>

The posting above was on 1/1/11 ... and it has come true ... all too true.

The Plum Line
Ryan Cooper
December 17, 2013
Elizabeth Warren sheds light on Washington’s failure

Today, Elizabeth Warren is introducing
a bill to ban the use of credit scores during the hiring process.
While this is a fairly small-bore reform, it is probably still worth doing.

Credit reports were developed to help lenders assess the risks associated with making a loan.
Over the last few years, they have been aggressively marketed to employers as a means
to gauge an applicant’s character or likelihood to commit theft or fraud.
Yet there is no proven link between personal credit reports and
criminal behavior or performance of a specific job.

A spokesperson for TransUnion, one of the major credit reporting companies, admitted in 2010:
“We don’t have any research to show any statistical correlation between
what’s in somebody’s credit report and their job performance or their likelihood to commit fraud.”

And this reform won’t even touch the problem of long-term unemployment,
against whom there is massive discrimination already.
As Matt Yglesias says, those people are doomed:

We could keep paying UI checks. But we’re not going to do that.
And we’re not going to do relocation assistance.
And we’re not going to do direct hiring and public works.
We’re going to do nothing.

We’re going to tell people to go out and look for work,
even though employers looking to hire can still afford to be very choosy
and generally refuse to even consider the long-term unemployed as job applicants.

The country failed these people first by letting the labor market stay
so slack for so long that they became unhirable, and now we’re going to fail them again.
<snip>

...your employer goes out of business
...your unemployment insurance kicks in for a while
...your "extended" unemployment benefits come to an end
...your house payments end and the bank forecloses
...your credit rating goes into the toilet
...your prospective employer asks for a credit score.

Lot's of luck