It’s the new normal !!!
Its a problem that’s easily corrected but I doubt there are only a handful of politicians in DC who have the courage to do what needs to be done.
That is a great chart because it works from the top down. So many employment numbers are from the bottom up.
When they quote the figure that we’re at 8 percent unemployment, I always correct it say its 20 percent.
I feel comfortable to say that, since its really about 40 percent.
Some of them REALLY aren’t in the labor force, though.
Students who are just going to school, even 18 year olds still in high school who don’t work. Trust fund babies. Those living off the grid. Those supported by parents or other family. Also a large number of women who are stay at home moms. Early retirees. Those traveling or something between jobs.
My wife is one of them. Of course, she gets up in the morning and goes to work raising our two boys, something that used to be normal but I guess isn't really so normal these days.
Thanks for the post.
some interesting tidbits from the article:
“Back in 2007, approximately 10 percent of all unemployed Americans had been out of work for one year or longer. Today, that figure is above 30 percent.”
“Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.”
” ... the vast majority of the jobs that are being lost are good jobs. ... 95 percent of the jobs lost during the recession were middle class jobs.”
and ...
“As labor has become a global commodity, millions upon millions of U.S. jobs have been sent overseas. Today, you are not just competing for a job with your neighbors. You are also competing with workers on the other side of the globe. Unfortunately, it is legal to pay slave labor wages in many of those countries.
By sending our jobs out of the country, big corporations can also avoid a whole host of rules, regulations, taxes and benefit payments that they would be facing if they hired American workers.”
Cultural Marxism has been very effective in promoting Marx’s advice to cheer lead “free trade free from the constraints of ethics and patriotism’.
Globalism is nothing more that global communism in a business suit, redistributing wealth from the middle class of the US to global corporations, their political useful idiots, along with a smidge for third world neo-slaves. To put it more accurately it’s fascism which allows the pretense of private ownership and an unholy alliance of government and large corporations. Central planning is achieved by regulating competition from small business out of existence.
Why should anyone work if all our tax money is given to the Muslin brotherhood— -— 1500 million dollars
I quit at 63 after 31 years at the same company and gave up medical insurance too. I will not earn money for this administration to give away.
bump
I may be an old fart but my grandkids tell me some stuff, plus I have young men who work for me and they also concur the trend socially for out of work teens, late teens and other young adults is how to score copper.
be it legally buying scrap to places where it can be taken.
Where I live there is a severe problem with copper thefts, a gravel pit nearby lost twice in a few months thousands of dollars worth of copper cable, my business had a theft of expensive welding cables recently.
There is a growing underground fence system taking place of middlemen buying the off the street copper and them not asking for ID.