Posted on 10/22/2018 2:55:31 PM PDT by OddLane
The US stock market continues to set new records. Unemployment continues to go down. The United States is now at or near “full employment”. According to a Bloomberg headline last year, “The Jobless Numbers Aren’t Just Good, They’re Great”.
But a closer look at economic data by demographer Nicholas Eberstadt reveals something else entirely. While “unemployment” has gone down, the work participation rate, and especially the male work rate, has been relentlessly declining for most of the post-War era and is now reaching a crisis with Depression-era levels.
In his new book, Men Without Work, Eberstadt describes this as a deep moral and social crisis which is passing almost unnoticed by politicians, pundits, business leaders and economists...
(Excerpt) Read more at intellectualtakeout.org ...
Tagline.
The welfare state, combined with open borders and the flood of cheap imported labor, in concert with negative cultural changes have created a huge problem that still needs to be addressed.
I go to a lot of conferences and trade shows connected with Transportation and Warehousing. The speakers at these events always talk about the lack of people and trying to find good job applicants. When I ask them if they will hire men over 50 they look away or change the subject. There are a lot of people job hunting in the “full employment” economy.
Make the job market tight enough, and companies will hire whoever they can get to walk in the door.
I was speaking about the people I know personally. Thery aren’t data.
Does this count the many drawing pay to protest against the President?
How many were thrown out of work during the Obama economy?
It doesn’t shock me that many guys who were unemployed and who had no prospect of becoming employed again thanks to the worse economy since the 1930s turned to opiods and any other escape they could think of.
Go for contract gigs, or at less pay; or go in as a business analyst or manager, if you ran your own business.
Good luck to you, I know it can be discouraging.
Nope, they’ll just lobby Congress to bring in more H1-Bs and Chinese, or offshore more stuff.
I’ve been trying to get contract gigs. I had one through a creative talent agency, but it fell through before it began. I’m in a somewhere narrow field, and the opportunities are likewise somewhat harder to come by.
These kinds of studies usually lag present-day reality by a few years. The more intensive the study, the greater the lag to publication.
The rate has been dropping since 1999 although the fall did accelerate following the great recession.
It's been essentially flat since 2014 and is actually slightly lower today than when DJT took office.
Not really.
The rate has been essentially flat since 2014 and is now slightly lower than when Trump took office.
At some point employers will have to adjust their ideas about “qualifications”, or even train the unqualified AND compete on the compensation side to keep those they hire and train.
It’s possible my employer will soon have to bid against a competitor for MY continued services. At this level, I’m quite mercenary.
I’m there too. And keep rolling up skills. Never stop. The world is moving so quickly.
The military is the model, especially the USCG. Generally, the USCG enlisted folks have some college, but for one reason or another joined the USCG. Their NCO’s are incredibly quick studies. They take to training, they are generally well disciplined, and they are very, very intelligence, but were C to C+ students in school/college.
They can teach ‘unqualified’ people to do some very technically complex things.
What HAS NOT BEEN EMPHASIZED ENOUGH, and what can get 45 around Big College is a tax incentive for training employees. Companies need to come home to the reality that, yes, they may be training people who may leave very quickly there after, they are also benefitting from the fact that so are others, and they are getting better qualified people from much bigger pools, cheaper.
Silicon valley screwed us. Instead of those companies getting together and saying, “We’re going to all train everyone on JAVA, or whatever”, they decided to commit generational theft, with GOP blessing (cuckolds!) and import that talent from China and India.
When they got here, the people they were displacing were forced to TRAIN THE PEOPLE STEALING THEIR JOBS.
If there is something the Bush family and Clinton is going to have to answer for, it is that crime. Both Bush’s and Clinton green lit the theft.
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