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Cluster Family Office Blog

Real-time shutdown.

The rate at which Spanish workers are becoming unemployed is staggering. But if, instead of comparing monthly figures, we were to do so as they do in Slate, we would realise what is happening to the Spanish economy and society.

In the interactive chart on this «whiteboard», you’ll see how job losses are affecting the US month by month. It feels as though I’m watching, in real time, the explosion of multiple nuclear warheads in North America’s major cities in the latest blockbuster film Hollywood-style in true style Armageddon. These are job losses that will take decades to recover from (even if the previous rate of growth is quickly regained) and yet are mounting by the month, leaving an ever-deepening and more intense red stain at the economic heart of the US:

The chart is based on data from LAUS (Local Area Unemployment Statistics). Let’s now imagine that someone were to produce (perhaps they already have) the same map, but for Spain, using domestic unemployment figures for the same period. I’d rather not see it, as it would be spine-chilling.

Despite everything, some people are still confused and see these dramatic figures as a sudden attempt by employers to exploit workers. A trade union movement denier the global financial collapse and the illusory virtual wealth we have experienced, which will recklessly hamper the productivity we need to try to emerge from the economic depression. Meanwhile, it continues the countdown for many, and soon for most.

P.S. Just to have a bit of a laugh at ourselves after such a pessimistic post, here’s Nintendo’s latest invention:

Watch out, because it doesn’t take much for people to call you a sexist! 😉

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