Quote:
Originally Posted by onwebcam
"The Bureau of Labor Statistics (BLS) calculates the number of citizens in the Civilian Labor Force (persons classified as Employed or Unemployed) at 157,833,000 (49% of the U.S. population) and in the Not-in-Labor-Force citizens at 94,610,000 (29% of the population)."
The "Not-in-Labor-Force" is the highest it's been in nearly 40 years. As usual they just moved figures around to make the unemployment figures look good
Notice that figures takes a huge dive during Obama's Presidency. |
You are missing something.
We used to have an age pyramid like India -
http://www.indexmundi.com/graphs/pop...ramid-2014.gif
Then we had 7 workers for every retire. The baby boomers aged and we are heading for 2 workers per retire.
https://www.ssa.gov/policy/docs/char...14/chart36.gif
We are never going to have the participation rate we had. it is not possible. It is going to get worse.
Obama made it worse due to the recession and early retirement or people pushed out who could not get back in etc. But this is a huge trend that is not really fixable by the President. Some countries are asking people to make more kids. Japan, South Korea and China have done this. Not working so well but it is doable.
Here is our current age pyramid. -
http://www.indexmundi.com/graphs/pop...ramid-2016.gif
We can argue short term flucuations but long term this is a mess.