Posted on 07/07/2015 7:31:13 AM PDT by Kaslin
Stephen Moore is an amnesty pimp.
How so?
Read his work. He is for “Comprehensive Immigration Reform”.
He may not have mentioned it in this piece, but he has in many others.
If we want to get Americans back to work, the first step is freeing up the jobs held by illegal aliens. Illegally.
If we stop flooding the labor market, wages will rise.
My wife and I are among the non-workers - retired and trying to enjoy before S really HTF...
The best indicator of the economy is this one I think:
https://research.stlouisfed.org/fred2/series/M2V
Then there are the 10 Million Federal and State Government employees who strive every day to make it harder for Private Sector employers to create jobs.
Wow, that is mind-blowing. It is truly game over for America.
>>and Libs will tell you the Labor Participation Rate includes 98 year olds. Where do they come up with this carp?<<
First, I’m no liberal. I just really detest this 100 million Americans aren’t working b.s. because that number (usually it’s 90+ million, by the way) includes every retiree, college student, and non-working spouse in the country, which is inane.
The Labor Participation Rate doesn’t include the elderly retired, however, and is a decent portrayal of the abysmal labor market since 2009. The reported unemployment rate is 5.3% only because so many people have either quit looking for jobs because they can’t find one or, more likely, are being paid enough welfare that they don’t want to look for jobs anymore.
A better way to describe what’s going on would be to say that 7 million people are unemployed and looking for work, while 10 million more would be working if it made sense for them to get a job, but they either can’t find one or don’t want to give up their welfare benefits. (I made up the numbers, but they probably aren’t too far off.)
I usually hear 92-93 million. Whats another 7-8 million?
“not seeking unemployment so they dont get counted in the U3 or U6 unemployment?”
Correct.
If you are unemployed and not looking then you are not counted. If you were looking, you are counted, if you then stop looking because you can’t find a job, and/or your benefits run out, then you are not counted as unemployed.
An official estimate is that over 40% more people from the unemployed number are unemployed but not counted.
The depression unemployment number included today’s “unemployment”, the non-employed but want work, and the underemployed.
Accurate comparisons would then put today’s unemployment at around 25% (Shadowstats), David Stockman, long time economist, just released data saying that today’s unemployment is 42%.
We are much much worse off than the Great Depression. Thanks obama, democrats, and rinos.
In the last 15 years, America has let in more than 15 million LEGAL immigrants. Most of them have limited skills and limited education. The claim that 35% of immigrants have a college education is pure crap. Most of them have degrees from Third World universities that are not accredited and are completely useless in the USA.
And who knows how many ILLEGAL immigrants are stealing jobs and crushing wages for home grown Americans.
Moore states that American businesses can't find willing workers, and then casually mentions that wages are stagnant, but he makes no connection between the two.
Hmmm - if there is a shortage of milk, milk prices go up. But when there is a “shortage” of willing labor, wages are stagnant? Get freaking real!
America's labor supply has been hugely and artificially bloated by massive immigration. Wages for low skill employment have declined for 30 years. Wages for software engineers (think H-1B visas!) have been stagnant for 15 years.
And, apparently, Stephen Moore hasn't even noticed.
“We are much much worse off than the Great Depression.”
In more ways than one, in my opinion. Give people the exact situation in which my parents and grandparents thrived during the thirties and now most would starve.
Thanks to our progressive overlords...
Its liberal logic. < /oxymoron >
Stephen Moore is an open borders fan, FWIW.
100 million is 5.3%...
of 1.9 billion...
and I don’t think our population is that large.
WOOHOO! We’ve hit another milestone! Somebody break out the champagne!
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