Quote:
Originally Posted by slapass
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. |
So 2008-16 everyone retired? There must have been a lot of fucking going on after the war. While I somewhat agree with baby boomers you honestly can't say that was the cause for that decline or increase depending on how you look at it.
" In addition, students, retirees, the disabled, homemakers, and the voluntarily idle are not counted in the labor force."
http://www.econport.org/content/hand...nt/Define.html
Retirees wouldn't be counted. I would imagine the same for Social Security. Basically anyone of retirement age most likely.