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Thread: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by Caine View Post
    Im not a big fan of the President either, however, The President isn't the all-mighty god of the government...... he can encourage something all day long, it is still up to congress and the senate to put the laws before him to sign. Just because a president promotes this idea or the other idea doesn't make everyone rush to do it, people have their own agendas as well.

    Its just a pet peeve of mine to see someone pile all the responsibility on one person, knowing our government isn't, and shouldn't be run that way.
    This president says he has a pen and cell phone, and will bypass Congress.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by American View Post
    Considering the population is growing every year, that is not saying anything good.
    It's neither good nor bad. But what does population growth have to do with anything? That's why we use a rate. The level is meaningless because population grows each year.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by American View Post
    This president says he has a pen and cell phone, and will bypass Congress.
    I have a pen and a cell phone too and I try to stay off Congress's radar.

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by Ockham View Post
    A president who promotes business growth instead of personal welfare? A president who uses the bully pulpit to promote better education options like charter schools in urban cities? A president who can work with congress instead of just spew idealogue partisan nonsense? A President who pushes for adult training and skill workshops instead of pushing more foodstamps to get people out of work working again?


    That will be $250,000 please. No personal checks.
    At this point that kind of leadership seems like a pipe dream.
    I call my own shots, largely based on an accumulation of data, and everyone knows it.
    _____________________________________________

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by pinqy View Post
    It's neither good nor bad. But what does population growth have to do with anything? That's why we use a rate. The level is meaningless because population grows each year.
    What your point in being up 1978, it's irrelevent. What going on today is what matters. This country has not recovered like the govt says.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by apdst View Post
    Less government intetfearance in the private sector.
    Indeed.

    The regulatory state is expanding sharply. But Barack Obama hints that there may be moderation ahead

    EVER since his thumping in the mid-term elections, Barack Obama has been busily mending relations with business folk. He has extended existing tax cuts, introduced new ones, completed a free-trade deal and appointed a banker as chief of staff. Now he is attending to their biggest grievance: that he has enmeshed them in stifling new rules, from health care and finance to oil-drilling and greenhouse gases.
    Unlike many charges lobbed at Mr Obama, this one is well grounded. In his first two years in office the federal government issued 132 “economically significant” rules, according to Susan Dudley of George Washington University. (“Economically significant” means that either the rule's costs, or its benefits, exceed $100m a year.) That is about 40% more than the annual rate under both George Bush junior and Bill Clinton. Many rules associated with the newly passed health-care and financial-reform laws are still to come.

    Existing rules are also being enforced more keenly. The workplace-safety regulator slapped employers with 167% more violations in Mr Obama's first year than in Mr Bush's last, according to OMB Watch, a liberal watchdog. The Food and Drug Administration (FDA) has stepped up scrutiny of drugs that have already been approved for sale. Last year it barred the use of Avastin for breast cancer, not because it was unsafe but because its benefits seemed too uncertain. The regulatory workforce has grown 16% in Mr Obama's first two years in office, to 276,429, while private employment has fallen (see chart 1).


    Regulation and the Obama administration: Red tape rising | The Economist

    I think it quite legitimate to hold the position that Obama is purposefully entangling the private sector in this red tape mess. For what purpose, I can't imagine. The effects of this entanglement are quite clear, as illustrated above, and in everyone's daily lives.
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by American View Post
    What your point in being up 1978, it's irrelevent. What going on today is what matters. This country has not recovered like the govt says.
    My point was that in your OP you quoted "as the labor force participation rate matched a 36-year low of 62.8 percent,..." but what they failed to say was that it was higher than anytime before that, so you can't say that it's bad unless you want to say every year before 1978 was worse. And the participation rate has been declining since 2000. A lot of it is due to a larger retired population. Not all of it, but a lot of it.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by pinqy View Post
    My point was that in your OP you quoted "as the labor force participation rate matched a 36-year low of 62.8 percent,..." but what they failed to say was that it was higher than anytime before that, so you can't say that it's bad unless you want to say every year before 1978 was worse. And the participation rate has been declining since 2000. A lot of it is due to a larger retired population. Not all of it, but a lot of it.
    We had double-digit inflation in the late 1970's. What's the excuse now? Nothing but bad policies and a lack of interest in business by the govt. Business is constantly villified.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  9. #19
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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by American View Post
    Business is constantly villified.
    Source?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by American View Post
    We had double-digit inflation in the late 1970's.
    And the participation rate was steadily going up. The participation rate is not that good an indicator of the labor market. look at the total picture:

    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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