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Location: New Albany, Indiana (Greater Louisville)
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What do Egypt, Libya, Syria, and the USA all have in common? All have seen their govt overthrown due to mass unemployment and underemployment. Most young men believe their quality of life will be worse than their father, many can not provide for a wife or children.
Historically wars have been common when a significant percent of prime age young men are out of work. If more jobs are not created soon I think global conflict will occur.
What do Egypt, Libya, Syria, and the USA all have in common? All have seen their govt overthrown due to mass unemployment and underemployment. Most young men believe their quality of life will be worse than their father, many can not provide for a wife or children.
Historically wars have been common when a significant percent of prime age young men are out of work. If more jobs are not created soon I think global conflict will occur.
But you do have to consider the huge change in workforce participation and the substantial shift to part time employment.
It is very different than the healthy 5% rate decades ago.
So let me get this is straight. The statistics compiled by college educated government employees with good job security, good benefits/pay who's sole job is to compile statistics don't see something a random person online sees? Seems legitimate
What do Egypt, Libya, Syria, and the USA all have in common? All have seen their govt overthrown due to mass unemployment and underemployment. Most young men believe their quality of life will be worse than their father, many can not provide for a wife or children.
Historically wars have been common when a significant percent of prime age young men are out of work. If more jobs are not created soon I think global conflict will occur.
I guess I missed the news about the government of the USA being "overthrown". I think we call it an election.
What do Egypt, Libya, Syria, and the USA all have in common? All have seen their govt overthrown due to mass unemployment and underemployment. Most young men believe their quality of life will be worse than their father, many can not provide for a wife or children.
Historically wars have been common when a significant percent of prime age young men are out of work. If more jobs are not created soon I think global conflict will occur.
Don't wait for someone to make a job for you, make your own job.
But you do have to consider the huge change in workforce participation and the substantial shift to part time employment.
The labor force participation rate (LFPR) is a demographic measure far more than an economic one. It has been declining since 2000, and unless we suddenly pass an immigration reform package that significantly eases worker access across our southern border, LFPR will continue to decline for at least well into the next decade. Meanwhile, nearly four out of five people working part-time are doing so for non-economic reasons. This means that they do not wish to have a full-time job due to a variety of factors such as school or childcare obligations or Social Security income limits.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
34,732 posts, read 58,079,686 times
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Quote:
Originally Posted by Pub-911
The labor force participation rate (LFPR) is a demographic measure far more than an economic one. It has been declining since 2000, ... This means that they do not wish to have a full-time job due to a variety of factors such as school or childcare obligations or Social Security income limits.
add; Food Stamps (SNAP), Unemployment, state aid, free childcare, EDU, retraining, Section 8 housing, ... https://www.washingtonpost.com/poste...p-food-stamps/
(This is what happened when I drove my Mercedes to pick up food stamps)
A family in the SF Bay Area needs a W2 income of about 65k to match the benefits available.
I managed quite a few residential units at one time and I had to admire those with very low incomes paying their own way with little to no assistance.
Having Section 8 is a huge advantage in the Bay Area... it means you have a roof over your head... plenty are living in 500k single family homes for $100-$150 per month as their share of the rent.
If you don't have a place to stay anyone with a roof over their heads they can afford is living in luxury... Section 8 or not.
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