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The reality for human labor is one of diminished prospects amid a sea of automata. We'll see a rise in the numbers of people relegated to the status of permanent economic marginalization. Humans have been persistent in the search for more productive results from a lesser amount of human labor effort for a very long time, it's just now becoming obvious that there may be some negative fallout from an overabundance of machine labor.
Outsourcing work to low cost nations will eventually slow down because the machine can operate anywhere, closeness to distribution facility will be the norm, regardless of human labor cost geographics. Jeremy Rifkin in his 1995 book, The End of Work gave a pretty good overview of what we can expect from these changes in human labor dynamics, how it all works out is anyone's guess though. The one thing people CAN count on is the certainty of direction. Machines will dominate the work environment. What we need is less data driven hand wringing and more answers to the social problems surrounding the rise of machine labor.
Cripes 94 million out of work or not counted any more because they've been unemployed long enough for their benefits to have run out so no one's keeping track of them anymore.
How to lower your unemployed number seems easy, just starve them until they go on welfare and get counted elsewhere but no longer in the employment stats. Only in American could someone come up with this crap.
People are not moved to the "not in the labor force" category because their benefits have run out. Only 6 million of that 94 million want a job.
What value is there to including people who don't want a job in the unemployment rates? Almost all those in the 93 million number, don't want a job.
Interesting perspective but it doesn't explain this:
"When Barack Obama took office in January 2009, 60.9 percent of women were participating in the labor force, but after rising somewhat in that economically turbulent year, the participation rate for women started heading down. Last month, it stood at 58.2 percent."
or
-- Among the major demographic groups, the unemployment rate for whites declined to 4.4 percent in August. The rates for adult men (4.7 percent), adult women (4.7 percent), teenagers (16.9 percent), blacks (9.5 percent), Asians (3.5 percent), and Hispanics (6.6 percent) showed little change in August.
So we're to believe that during this period an additional full 2% of American females decided they no longer desired to either work or look for work?
and all the rest that show no change at all are all simply sitting on their duffs. How then did the figures decline and what demographic are you willing to give the benefit of the doubt haven't had their full-time job reduced to minimal hours so another can enter the labour force also at minimal hours?
Two 10 hour a week jobs do not equate to one 40 hr a week job no matter how Obamabots want to count those hours.
I realize that, but look at the unemployemnt rate for those 55 or older: only 3.8%. As opposed to the Millennials unemployment rate of 13.8%, which is 3.6 times higher than that of those age 55 or older.
THAT is because these "kids" want to start a job having NO skills or education IN that job making top rate for that job so they don't take the job or are quickly fired because they don't want to work since the Rents have been supporting them.
I have seen it first hand, young people are brought into securely middle class jobs but don't want to work, they want to take off, come in late, and just goof-off all day.
“There is another set of government statistics,†the independent senator said, The Daily Caller reported, “and that real unemployment if you include those people who have given up looking for work and the millions of others who are working part-time 20, 25 hours a week when they want to work full-time, when you put all of that together, real unemployment is 10.5 percent.â€
A July 2 report by the Labor Department said the U.S. economy added 223,000 in the previous month. Payroll gains for April and May, however, were revised downward by 60,000 jobs.
What a right wing extremist nutcase he is, betcha he gets all his news from Faux News and his best buddy ever is Dick Cheney!
Why do extremist hard right wingers always try to undermine the excellent job President Obama has done?
The reality for human labor is one of diminished prospects amid a sea of automata. We'll see a rise in the numbers of people relegated to the status of permanent economic marginalization. Humans have been persistent in the search for more productive results from a lesser amount of human labor effort for a very long time, it's just now becoming obvious that there may be some negative fallout from an overabundance of machine labor.
Outsourcing work to low cost nations will eventually slow down because the machine can operate anywhere, closeness to distribution facility will be the norm, regardless of human labor cost geographics. Jeremy Rifkin in his 1995 book, The End of Work gave a pretty good overview of what we can expect from these changes in human labor dynamics, how it all works out is anyone's guess though. The one thing people CAN count on is the certainty of direction. Machines will dominate the work environment. What we need is less data driven hand wringing and more answers to the social problems surrounding the rise of machine labor.
Indeed. Are there people who are not working who would like to be? Yes. But the lower labor force participation has many factors. Let's not oversimplify here. It could just be the new normal that we no longer need as many people in the labor force. It could also be Boomers retiring en masse.
It's my understanding that the methods used by BLS to compute unemployment is under Congressional oversight.
When was the last time the methods were modified?
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