Quote:
Originally Posted by slapass
As has been pointed out in another thread. The Labor Force Participation Rate is going to continue to decline. We will have less people working. 20 million folks are going to retire on his watch in the next few years and about equal are going to come online. We are trading experienced and trained folks for untrained and inexperienced folks.
We are not going to worry about unemployment or jobs but how to find people. He can try and redo trade agreements to keep manufactoring and deport illegals but we don't have the people now.
U.S. Jobless Claims Fall - WSJ
Lowest initial job claims since 1973.
http://www.peridotcapital.com/wp-con...-1975-2014.png
4.8% now.
Unemployment is near decade lows.
http://www.abhmuseum.org/wp-content/...oymt-chart.jpg
Black unemployment is at all time lows in some states and near decade lows overall if not at it at 8.5%.
Economists have said that we are near the peak of this economy by every standard and have been for a few years. But is this a new normal? Japan has had this for 10 years as their population is now declining and their work force has been declinging for a while. |
The single largest workforce in this country is now Truck Drivers. Overall that's not a bad thing as its a higher paying industry than manufacturing.
The problem is those guys will be out of work due to driver-less big rigs.
About 2 or 3 months ago the first ever shipment was dilivered to a beer plant in Colorado by a driver-less truck.
10 years from now it will be a normal thing.