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Old 12-10-2013, 01:50 PM
 
Location: Vegas
1,789 posts, read 1,964,046 times
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From Doug Ross @ Journal: BOOM: Chart Illustrates the Difference Between Competent President and Incompetent Ideologue
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Old 12-10-2013, 03:00 PM
 
2,560 posts, read 2,023,105 times
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Oh you went and did it now. Get ready for people to insult, ridicule and degrade you and Reagan. They just wont argue facts in the story.
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Old 12-10-2013, 03:28 PM
 
Location: Tennessee
30,521 posts, read 23,915,535 times
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Major metro areas are covering. Those of us in the sticks are sinking even faster.
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Old 12-10-2013, 04:34 PM
 
4,130 posts, read 4,170,870 times
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It's a bit different of a time, but judge for yourself.

Baby Boomers Retire | Pew Research Center
The Baby Boomer Number Game - On Retirement (usnews.com)
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Old 12-10-2013, 05:20 PM
 
Location: The Triad (NC)
31,828 posts, read 72,912,842 times
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Nonsense.

The difference is between an economy with adults doing adult work at adult wages
vs one where adults (who can find it at all) are too often doing teenager work at teenager wages.
Paying them more to do those teenager jobs doesn't solve the underlying problem.

One more time:
Our problems are far less about not having enough jobs (let alone good paying ones) for all that
might want one than being about having far too many warm bodies available than the number of jobs
that actually need doing.
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Old 12-10-2013, 07:00 PM
 
48,507 posts, read 90,450,042 times
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The figure I have seen is 8K bommers retiring a day.its expect to increase to 10K a day and continue the next 19 years. that is 24oK a month retiring .Boomers are now right at 26% of the population. Its really hard to say with automation ;tighter credit standards to stop the huge credit bubble that caused much of the problem what the normal will be. They are just about to pass Dodd/Frank which means more documentation to prove ability to replay mortgages required of lenders. Who knows what changes are coming in regulation that effects consumers and thus jobs.
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Old 12-10-2013, 07:50 PM
 
4,130 posts, read 4,170,870 times
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Quote:
Originally Posted by texdav View Post
The figure I have seen is 8K bommers retiring a day.its expect to increase to 10K a day and continue the next 19 years. that is 24oK a month retiring .Boomers are now right at 26% of the population. Its really hard to say with automation ;tighter credit standards to stop the huge credit bubble that caused much of the problem what the normal will be. They are just about to pass Dodd/Frank which means more documentation to prove ability to replay mortgages required of lenders. Who knows what changes are coming in regulation that effects consumers and thus jobs.
Dodd-Frank was passed and signed into law July 21st 2010...where have you been?
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Old 12-13-2013, 11:20 AM
 
Location: Ohio
23,158 posts, read 16,555,318 times
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Quote:
Originally Posted by EmeraldCityWanderer View Post
LNU02000097
Employment Level - 65 yrs. & over
Dec 2008 6,084,000
Nov 2013 7,785,000

The number of Boomers 65 and older entering/re-entering the work-force averages 28,350 per month.

Since January 2013, the rate is +32,000 per month.

Yeah, this is the Economics Forum, not the Obamabot Talking Point Fantasy Forum.

Economically....


Mircea
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Old 12-16-2013, 06:10 PM
 
48,507 posts, read 90,450,042 times
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That is not surprising there has always been that. I know people who retire and then start a second job. That compared to 240K a month/8K a day now retiring. is high number. Its expected to increase over next 19 years to 10k a day. I am no Obama fan but people didn't just suddenly have to go back to work because Obama became president altho some may have had to because of looses in 2008 crash or over extended more than thought.
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Old 12-16-2013, 07:36 PM
509
 
4,398 posts, read 5,137,200 times
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Actually, the last THREE recessions have all had the same jobless recovery as this one. The 1992 recession you can blame on Bush 1, The 2000 recession actually started under Clinton, and 2007 went to Bush 2.

Something changed in 1990. My guess is that it was the shift to the service economy and illegal immigration.

Illegal immigration leads to more workers getting paid and working outside the "official" taxable and reportable economy.

In a service economy, you can always delay hiring. In a manufacturing economy, if you don't hire once you max out on overtime for workers you output goes down.

Anyway, you can blame both political parties for the change.....MAYBE. I am only guessing on the reasons.

I am surprised that there is not more economic research into this basic change in our economic system. This is pretty important stuff and everybody seems to be blaming everybody else without any analysis.
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