Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
OK Einstein - explain why In 2010, the older population represented 13.0 percent of the total population, an increase from 12.4 percent in 2000 and projections for the 2030 population have 19.3% of the population at 65 or older.
Explain why Between 2000 and 2010, the population 65 and older grew 15.1 percent, while the total U.S. population grew 9.7 percent.
I find it real nice that you use the 13 as also an increase in the population......hmmm
yes our population is growing..but not quite at that same rate of people turning 18
which is why the UE rate (currently 7.3?%) is also bs
we would need to create (new) 220,000 jobs every month just to keep up with the population growth
and the labor participation rate is not going up (sure you can say population growth effects the rate)....but the ACTUAL RAW NUMBERS are of employeed are NOT increasing either
AMERICANS EMPLOYEED JAN 2001..................137,778,000
Americans Employed, January 2009:........................ 142,187,000
Americans Employed, Oct 2012:.................................. 142,101,000
USA POPULATION january 2009......305,529,237
usa population oct 2012 .................314,519,754
the population has grown 9 million and not one job added in 4 years
are you saying the 9 million added (btw its not 9 million born either) to the population added NOTHING to the possible workforce...are you saying we added 9 million people who are disabled
Between 2000 and 2010, the population 65 and older grew 15.1 percent, while the total U.S. population grew just 9.7 percent. Percentage-wise, the population of senior citizens is growing FASTER than the population of the US as a whole.
Using the 10,000 people turn 65 each day number, during those 4 years you mention above, while the USA population grew by 9 million, 14.6 million turned 65 - potentially a loss of 5.6 million people from the labor force. There are now a higher PERCENTAGE of people 65 or older TODAY than there was 4 years ago.
Ken
Last edited by LordBalfor; 11-11-2013 at 10:54 PM..
why has the ''older'' population grown from 12.4% to 13%...
duh...we are LIVING LONGER
the FACT remains 10,000 people turn 65 everyday...yet 13,000 people turn 18
yes PEOPLE ARE LIVING LONGER
used to be most people were dead by 70
last week my dad died.....he was 85
DUH!
What do you think the IMPLICATIONS of that are?
What do you think more and more old people are doing to the labor participation rate?
What happens to the labor participation rate as the percentage of the population over 65 goes from 12% or so up to 20% or so over the next couple of decades?
Do you finally see the implications of all those old folks?
Do you finally understand what it does the labor participation rate?
Those impacts are ALREADY starting to be felt.
And because the babyboomers are such a large generation, instead of 8,000/day turning 65 (like it was say 10 years ago) it's now 10,000/day turning 65 - and in a few more years it's likely to 12,000/day turning 65.
So, not only are seniors living longer, there's more of them than ever turning 65 each day - and there'll be even more turning 65 each day as the babyboomer demographic wave crests sometime in the next 10 years or so.
Those kinds of huge numbers and longer lives are combining to skew the ratio of seniors to working-age folks as the numberof living seniors begins to pile up - and THAT is lowering the labor participation rate - and what we've see so far (in regards to the impact on the labor participation rate) is NOTHING compared to what we're likely to see in the future as the babyboomer demographic wave reaches it's peak.
Ken
Last edited by LordBalfor; 11-11-2013 at 11:00 PM..
DUH!
What do you think the IMPLICATIONS of that are?
What do you think more and more old people are doing to the labor participation rate?
What happens to the labor participation rate as the percentage of the population over 65 goes from 12% or so up to 20% or so over the next couple of decades?
Do you finally see the implications of all those old folks?
Do you finally understand what it does the labor participation rate?
Those impacts are ALREADY starting to be felt.
And because the babyboomers are such a large generation, instead of 8,000/day turning 65 (like it was say 10 years ago) it's now 10,000/day turning 65 - and in a few more years it's likely to 12,000/day turning 65.
So, not only are seniors living longer, there's more of them than ever turning 65 each day - and there'll be even more turning 65 each day as the babyboomer demographic wave crests sometime in the next 10 years or so.
Those kinds of huge numbers and longer lives are combining to skew the ratio of seniors to working-age folks - and THAT is lowering the labor participation rate.
Ken
have you actually LOOKED at the numbers though
the LABOR PARTICIPATION RATE for seniors (over 55) IS GROWING
the LABOR PARTICIPATION RATE for seniors (over 55) IS GROWING
Sure, the Labor Participation Rate for seniors IS growing, but's it's still a MINORITY of seniors - especially as the age group goes up - even your own data you just posted shows that. Once folks get over 55 - and especially over 65 - the percentage of folks still working drops off DRAMATICALLY.
I find it real nice that you use the 13 as also an increase in the population......hmmm
yes our population is growing..but not quite at that same rate of people turning 18
which is why the UE rate (currently 7.3?%) is also bs
we would need to create (new) 220,000 jobs every month just to keep up with the population growth
and the labor participation rate is not going up (sure you can say population growth effects the rate)....but the ACTUAL RAW NUMBERS are of employeed are NOT increasing either
AMERICANS EMPLOYEED JAN 2001..................137,778,000
Americans Employed, January 2009:........................ 142,187,000
Americans Employed, Oct 2012:.................................. 142,101,000
USA POPULATION january 2009......305,529,237
usa population oct 2012 .................314,519,754
the population has grown 9 million and not one job added in 4 years
are you saying the 9 million added (btw its not 9 million born either) to the population added NOTHING to the possible workforce...are you saying we added 9 million people who are disabled
The LFPR is not calculated with the entire population. It excludes people under the age of 16, those that join the army and those who are institutionalized. The total population for LFPR purposes in October 2013 was 246,381,000 .
Assuming the 13k and 10k numbers you mentioned are correct; in order to keep a steady LFPR rate of 63% with 10,000 retiring everyday you would need 27,000 a day entering the total population figure, which is over twice the 13,000 number. Anything short of 27,000 would lead to a declining LFPR rate.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
