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I have a really hard time believing that half the population has no work.
The BLS says the "participation" rate is 64%.
Quite soon we will have more people NOT working than working.
And those not working will depend on the government for subsistence.
It's happening folks, it's happening.
Employment Situation Summary
In March, the civilian labor force participation rate held at 64.2 percent, and the
employment-population ratio, at 58.5 percent, changed little.
The BLS says the "participation" rate is 64%.
Quite soon we will have more people NOT working than working.
And those not working will depend on the government for subsistence.
It's happening folks, it's happening.
Employment Situation Summary
In March, the civilian labor force participation rate held at 64.2 percent, and the
employment-population ratio, at 58.5 percent, changed little.
A solution is: pay out 50% of the current unemployment pay for 3 months, then feed the unemployed lethal doses of rat poison. That's cheap.
This is just a really depressing number....and yet, the democrats would like to extend those UE benefits even further. Maybe if they got their way, even more people would give up their jobs and live on the dole.
Now this makes no sense. If I have a job, I'm earning money and going on the dole would reduce my income (not to mention fringe benefits).
And if unemployed people prefer to stay on the dole than to take a job, the job they didn't take will be filled by someone else.
We have huge structural unemployment which is not going away anytime soon.
I've pretty much given up the idea of ever again having a job, so I'm trying to be self-employed. A lot of toil which can take quite a while to pay off, risky, uncertain and insecure. But I think that's where a lot of the unemployed are going these days.
So I'm not sure that the employment numbers are necessarily a bad thing. I think we are going through a structural change in which many people are dealing with the reality of scarce jobs by starting their own businesses.
Having said all this, I do have a hypothesis on those who stay on the (unemployment insurance) dole:
Unemployed people with a CAREER have every incentive to get a job and return to work as soon as possible. These people are unlikely to prefer to stay on the dole.
Unemployed people with a JOB often have crappy jobs and may well prefer to stay on the dole than to take another crappy job.
The BLS says the "participation" rate is 64%.
Quite soon we will have more people NOT working than working.
And those not working will depend on the government for subsistence.
It's happening folks, it's happening.
Employment Situation Summary
In March, the civilian labor force participation rate held at 64.2 percent, and the
employment-population ratio, at 58.5 percent, changed little.
I have some aluminum stocks I'll let you have at a bargain price......
As much as I hate to, I have to agree with the lefties on this one. That article is biased and leaves out a lot of variables. First is that it assumes everyone is supposed to be working for someone else.
I am a male who on paper hasn't had a job since 1989. I started my own business in 1989 and made an above average living till I sold it in 2004 for a truckload of cash. I've always lived a fairly spartan lifestyle and have no plan to ever work again. I do speculate and flip a bit but I'm mostly retired. I'm one of the 45% but I'm not hurting. That doesn't discount the premise of the article but it just leaves out too many details to be considered a good source.
Last edited by Joe_Ryder; 04-14-2011 at 03:19 PM..
Reason: traded a comma for an and
This is just a really depressing number....and yet, the democrats would like to extend those UE benefits even further. Maybe if they got their way, even more people would give up their jobs and live on the dole.
Terrible! Time we stop funding education and put our children to work!
If we cut SS and Medicare, I bet we can make those senior citizens go back to work also!
"The aging of 77 million Baby Boomers born from 1946 through 1964 from children to workers to retirees is changing the relationship between workers and dependents. Retirees generally are more costly to support than children"
Which shows that the US is getting old. If the number was the same at 45% and the majority of the non working population were children then there will be nothing to be worried about.
The truly important number is 9.2%, which is the current unemployment in the US. Obama is not the culprit that the US is getting old, people are not having children. Now you can say that they do not have children due to the economy but then you will have to blame several generations of US presidents.
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