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this country would be "short 600,000 workers in the coming year."

That don't make a lick of sense.

Typically the BLS says each month that the "employment-population ratio also was little changed over the month at 62.8 percent, and the labor force participation rate held at 66.1 percent." [End]

"The employment population ratio is the ratio of employed to the working age population."

"This is the percentage of the working age population which is employed. A high employment/population ratio can mean that an economy is creating jobs and employing a large percentage of its working age population."

One definition for labor force participation rate is

"the fraction of the working-age population that is employed or seeking employment"

I bet a lot of of citizens would get crackin' when REAL economics took hold as labor became more dear -- NOT the distorted, government-promoted labor glut.

17 posted on 12/24/2005 2:06:07 PM PST by WilliamofCarmichael (Hillary is the she in shenanigans.)
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And when the "undocumented workers," soon to be required to be called "guest workers" organize. . . .

Not to worry. Perhaps businessmen will finally get it. They will stop defending the uneconomical Hispanic labor.

To wit, why hire five-dollar-an-hour Hispanic migrant labor when Red China has 800 million peasant citizens many of whom would work here unlimited hours for a dollar an hour and a clean place to sleep on the premises?

I thought businessmen understood economics.

Need 50 million? 100 million? Chinese workers. Just ask.

Technical workers too! The Chi-coms have millions of them. India millions more! Maybe ten dollars an hour tops -- all have perfect GPAs and perfect scores on the GRE. All ten feet tall just ask Silly Con Valley tech firms.

18 posted on 12/24/2005 2:20:40 PM PST by WilliamofCarmichael (Hillary is the she in shenanigans.)
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