Posted on 10/26/2022 3:39:40 AM PDT by EBH
Unemployment is at 3.5%?
Seriously?
Maybe they could stop printing money, i.e. monetizing the debt.
What does the word unemployment mean?
We need to consider this first. Unemployment means someone who has lost a job, and is still trying to find work in the last 4 weeks. What I saw under Trump was many people that were never ‘Unemployed’ suddenly enter the workforce. What I have witnessed under the Democrats is people ‘retiring’ and going back on Government assistance.
What does workforce participation matter?
That’s how you tell if people are working. Under Ronald Reagan work force participation hit 86% in his second term, with unemployment at roughly 4%, so about 90% were employed or looking. That is probably maximum employment. Under Joe Biden, workforce participation is now 62.3%, unemployment is 3.4%, so only 65% of non-institutionalized Americans are now in the workforce! That’s 25% decrease!
Where are those 25% of Americans that could participate, and what are they doing?
They are in jobs with unreported income, likely taking government subsidies, and very likely NOT paying Federal income taxes.
Why are they doing that?
Because this form of living is subsidized to almost the same level as middle class Americans AND certainly better than the working poor. Recent review demonstrated that the income gap between middle class and welfare had gone from 16:1 in the 1969’s to 4:1 currently.
What needs to be done?
We don’t need new immigrants, and we don’t need immigration reform. We need Welfare reform! Specifically, we need time limits, lifetime total, for government assistance to able bodied people. The economic catastrophe is government overspending, causing inflation, to individuals who refuse to participate in the workforce, and force high taxes on normal working Americans. The fix is forcing people into the workforce, not rewarding those who refuse to participate.
He is so full of it
bttt
I think he views it as a need because of the ‘boomer’ generation heading into retirement. They’ve raided social security so badly, they cannot pay for it.
The only way they see being able to pay for it is an increased workforce. But as I look at the major sectors of the workforce still having hiring problems, based on the BLS report the unemployment in these sectors are higher than the 3.5% So there is still work to be had in those sectors as most of us realize if we have been to any store, restaurant, or fast food place or experienced slow delivery times due to lack of truck drivers.
Yet, these same sectors that are already struggling will be the first victim of the Fed’s policy. Which to your point would mean immigration or importing workers is not the solution. We still have Americans in those sectors looking for work. And those jobs are going to be hardest hit.
Cut government spending and the money printing to support it and inflation will drop.
It is money supply inflation, not consumption-driven inflation. Think South American hyper inflation. Same cause.
They just don't know it.
The government, just like our President, is the walking dead.
Same for the WEF. Just because these people are wealthy doesn't mean they understand what it happening. Take Bill Gates for example. He's been rich for so long he's gone soft in the head (and body). He's become a kind of self-employed bureaucrat. He doesn't work at the government, but he still spouts off outdated bureaucratic ideas like they can make a difference.
The government is like a bunch of fleas discussing how they are going to manage the future of the dog on whose fur they live.
Hey. I like that! New tagline.
Oh I agree with most of what you are saying.
But we do need immigration reform, just not quite what Walsh is talking about.
Who said, “Immigrants are just doing the jobs Americans won’t do?” I recall we whaled at the politicians at the time that Americans were not hungry enough to work. It sounds cruel, but it is Biblical that we are called to contribute work to our society.
Potential rail workers strike as well.
https://www.axios.com/2022/10/24/railroad-worker-possible-strike-sick-leave
Not if I use it first!!lol
Thanks for the explanation. Something horrible is headed our way…we all know it. However, what it looks like is another story.
There is no negotiating with Communists. It simply does not work.
Work? Is that a dirty word?
The inflation and chaos is intentionally caused by the #ComDem Control of DC. They want to make it universal, Global Control.
Cloward Piven is their tactic. Collapse the system and then they take and keep control of the World. Great Evil is at foot.
Layoff’s and Jobs?
Elon Musk is about to take control of Twitter, he has stated he would eliminate 75% of the employees. (I approve)
Watch the lefties there scream and cry bitterly. They deserve that and much more.
Great new tagline! Might use it elsewhere!
There is ONE possible solution. Take over the House in January, and appoint Donald Trump as speaker of the House.
I DESPISED Trump when he was a TV personality, and right on until I heard what he had to say politically. Now I think he is the only one with the BALLS to save the nation. There may be others, but he is the only one that I’ve heard say the things that need to be said, and he is the only one I’ve seen who when in power, MADE things happen, good things for ALL Americans!
Be my guest!:-)
Reduce and simplify taxes
Reduce hurdles to starting and running a business
Eliminate minimum wages
Create a healthy environment for a free economy to work
Unleash the power of American innovation
in addition to too much welfare, there are too many govenment workers. such excess government workers contribute to over regulation and not to productivity or wealth.
Yep. It’s right out of Atlas shrugged.
Allow me to report "from the ground" what's happening in the large multi-national bank that I work for.
80% of Contractors are being let go by end of year.
Non-Productive employees, as determined by the productivity monitoring software that's been in place since shortly after the scamdemic started are being put on thirty-day notices.
While hardware & software maintenance contracts are seeing price increases of 25-30%, our Vendor Management & Procurement offices are being given mandates to "hold the line" on any increases.
New projects, including those that were designed to improve uptime & availability for key systems are being reviewed and those that don't have a direct, client-facing function are being zeroed out of budget.
All open hiring posts are frozen. For those that leave the bank, their open positions will be reviewed to determine if they're necessary. If so, they'll be refilled. If not, those positions will be eliminated. Same for retirees.
We're definitely going into a "keep the lights on" mode for 2023. It's the same hunkering down mode we went into in 2008 - 2010.
The coming catostrophe is the total extermination of the Union plague on American business. That will mean that the Department of Labor can be eliminated altogether saving taxpayers millions
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