Posted on 01/07/2017 11:40:22 AM PST by FreedomNotSafety
"It's a combination. There's no question a lot of them are retirees," Boockvar said. "No one wants to say, 'I want to get fired and sit on my butt.' But when people do lose their jobs, they're not being incentivized enough to go back to work compared to the benefits they get by not being at work."
(Excerpt) Read more at cnbc.com ...
Love the restaurant! Don’t tell my DW. Keep at it. Your young I bet but ambitious.
It’s a pretty secure job if you don’t mind low pay.
I’m with you-and when I say I really like to work and make money, I’ve had people from the city look at me like I’m some kind of heretic...
Might as damn well not be employed at $10 an hour. IMVHO the statistics shouldn’t count anyone employed at or very close to min-wage because you make so little you’re permapoor after taxes and bills gobble up 80%-90% of your income; there’s nothing to use for entrepreneurship or home ownership or a family so you’re right out there on the margins of productive society.
Ever day I call my parents and thank them for making me do good in school when I was young. I don’t tell them I use my college diploma as a dartboard.
The bottom line on this is that the government has, for political purposes, designated a massive swath of the population as non-persons, people who simply don’t matter and therefore aren’t counted.
Next door neighbor, engineer, layed off 9 months ago, searches for employment daily. Hopes that oil & gas jobs will become available under Trump. With him there are thousands on the streets in Houston. Their big hope is that business will pick up when the country gears up to become energy independent.
When Obunghole killed the NASA return to the moon effort in 2010, it killed my job. I was already sick of the chasing of contracts in engineering, so just hung it up at 62.
I agree, but opportunity has to be provided so people can buy food with their earnings. In my area (northeastern NJ), if employers even bother hiring Americans they pay so little that you’d end up in the same boat as the gibsmedats. Living in the same area, kids in the same schools...you just end up more tired than them...
Home smoking reefer and drinking. Why work!
“A broader jobless measure is at 9.3 percent”
At best; the NYC metro area is bleeding young American workers because there is so little opportunity. The foreigners trafficked here to replace them have little English or job skills; there is no expectation they’ll work, but instead occupy housing and provide children to occupy classrooms.
“No one wants to say, ‘I want to get fired and sit on my butt.’
Seriously? I would imagine there is a whole segment of the welfare population that says just this.
My part of GE was sold to the Chinese. I was long-term enough to qualify for early pension and I took it.
I would like to work part-time under the right circumstances, but I’m haven’t found it yet.
Some may have night jobs - bartending, etc.
Not everyone works 9-5. I didn’t. I used to get off work at 11am. The day was mine.
A lot of bull poop here.
People over 40 and 50 are not getting hired. Some of them are forced to live off their spouse, significant other, parent, etc.
There are a lot of
People who want to work but not part
Time at home
Depot.
I’m taking care of my children. Quite a few of my friends are taking care of their children. If we all paid each other to take care of one another’s children, we’d be in the “labor force,” but would that really help anyone but the tax collector?
Gotta love that real 23% unemployment number!
The unemployment rate during the Great Depression topped out at 25% in 1933.
I work directly with this demographic. For what it’s worth:
They are 19 - 35 and working for cash as roofers, painters, general hanyman, or low tech factory workers, drawing SSI, getting food stamps and “Obama” phones. And/or they are selling pot/cocaine for cash.
They are spending 80% of their cash on pot/cocaine/meth. Each week.
What’s left goes to fast food, child support and their probation/parole/Court payment.
They will never, ever get out of debt, have a savings, or get ahead in life.
The pot doesn’t help: Because the pro-pot/pro-drug movement has made it socially acceptable to get high at all hours of the day this often causes them to loose their job and then jump to another crappy job. They can only get crappy jobs because they refuse to stop smoking pot and/or using drugs and the good paying jobs will drug screen.
If not for the drug use, they also have records and no one wants to hire a felon - unless you are a moron and are willing to ignore a recidivism rate of up to 80%.
Eventually they will get hurt and we will pay for all of the medical care. IF they don’t get hurt they will commit a crime and we will pay for their incarceration (PDC, RSAT, Prison).
The above demographic makes up roughly 15-20% of the citizens in this and the surrounding rural counties.
Only 3 out of 25 uses alcohol, but roughly 20 of 25 smoke pot daily. 5 out of 25 use Meth more than twice a week. 3 out of 25 use cocaine more than twice per week. Basically, 22-24 out of 25 are using something whether it’s meth, cocaine, pot, alcohol, and/or prescriptions - OR all or a mix of them.
Hide your kids. Don’t use drugs.
People work various hours and have various days off. Thank no of nurses and their shift work. They may have Tuesdays and Wednesdays off. Same with Police officers and many other professions. Just because people are hanging out in the middle of the day does not mean they don’t have a job.
This is very true. If you get fired or laid off over 40 or 50, you might as well pack it in. My husband lost his job, couldn’t find another, and simply returned to his original love - theater. We started a theater company in NYC and had a very successful run of a Shaw play. We are lucky - we have savings but it was touch and go for a long while.
Yes, but there are a lot of people who have given up. They have been unemployed or under-employed for so long that this is now their life. Many only have part time work because Obama care forced a lot of employers to switch positions to part time that otherwise would be full time.
Trust me the people I am seeing are not nurses or officers, they are the forgotten, those “inconvenient” people that fall through the cracks. Not even counted as unemployed, they are now invisable
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