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

  1. #191
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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by upsideguy View Post
    Follow-up to previous post.... almost 90 million of "persons not in the workforce" can be explained as follows (not references, should you want to verify)

    Attachment 67172487


    The US is an aging population, with 10,000 per day (or 300,000 per month) turning 65. While the act of turning 65 does not mean you retire and leave the workforce, it is a leading indicator and support for why the "not in workforce" number will continue to climb. Its not a bad thing.

    Baby Boomers Retire | Pew Research Center

    Another significant item that helps facilitate people out of the workforce is the Affordable Care Act. People in the 55-65 age bracket had often stayed in their jobs or took on a job just to get health insurance. That is no longer necessary with the ACA.

    And, again, entrepreneurs and many of the self employed are also off the employment grid. They are creating tomorrows jobs, which should also be considered a good thing.

    So, don't fear the number.
    While it is true that around 93% of those not in the labor force don't want a job, your breakdown is off.
    Looking at the NCES link, your 21 million is total enrollment in 2011. Looking at the BLS data for August 2014 (Table A-16) we see that there were 6.2 million full time college students under 25 years old. 2.8 million were in the labor force...so that's 3.4 million full time college students not in the labor force.
    However..overall, there were 10.9 million students age 16 to 24 not in the labor force.
    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.

  2. #192
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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    You called the money spent on EBT pocket change, got called out for being the far left zealot that would call $60b (EBT expense) pocket change.....so your only recourse is to act ignorant and blame the one who noted your true lean silliness. As to oh I paid 6 figures prove it. As far as I'm concerned your just another low life scum milking the system and refusing to contribute to society.


    Quote Originally Posted by upsideguy View Post
    What on earth are you talking about? Through this entire discussion you have been about as clear as the Mississippi River. What is $60B? When did we start talking about any numbers. I am only discussing the composition of "Not in the Workforce"... there was never a discussion of dollars. Are you off on off student loans... do you really want to go there?

    As to not paying taxes, I don't have a clue where you get that idea... probably operating from impression rather than facts. I, for one, have paid quite a lot in federal taxes.. like well over 7 figures a lot.... so, I have full proxy in discussion of how the government should spend it money....

  3. #193
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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by CalGun View Post
    You called the money spent on EBT pocket change, got called out for being the far left zealot that would call $60b (EBT expense) pocket change.....so your only recourse is to act ignorant and blame the one who noted your true lean silliness. As to oh I paid 6 figures prove it. As far as I'm concerned your just another low life scum milking the system and refusing to contribute to society.
    I think the problem with you citing $60B is many families of soldiers on active duty are on EBT - over $100 million in EBT spent in commissaries, so that's not close to all EBT benefits going to families of soldiers serving this country. Are they "criminals stealing from those who work hard and are forced to pay taxes for those who don't bother" or "low life scum milking the system?" Many other working families receive EBT benefits. Are they also low life scum because they're working a low wage job with crap benefits?

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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
    You realize that a majority of those not in the labor force are retired, disabled, or full time students? And that's not even talking about the stay-home spouses.

    LOL !!

    Sorry, I cant help but laugh at that bit of mitigation.

    Record low labor participation rates with rising poverty is somehow no one's fault

    Its because of " demographics "...

  5. #195
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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    Quote Originally Posted by Fenton View Post
    LOL !!

    Sorry, I cant help but laugh at that bit of mitigation.
    Where's the mitigation? I'm stating plain facts.

    Record low labor participation rates with rising poverty is somehow no one's fault

    Labor Force participation is at 62.8% The record low was 58.2% in December 1954. In fact....until 1978, the participation rate had never been as high as 62.8%

    Its because of " demographics "...
    the participation rate has been dropping since 2000. Male participation rate has been dropping since 1948. So yes, it is demographics. All of it since the Recession? Of course not. But demographics play a huge role.

    I'd love to see your contrary evidence.

    Labor Force Participation Rate is series LNS11300000 accessed at BLS Series Report : U.S. Bureau of Labor Statistics
    Last edited by pinqy; 09-11-14 at 07:02 PM.
    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.

  6. #196
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    Re: Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    I'm guessing you find it easy to ignore there are low life scum sucking at the tit of your beloved government? Of course it is - that is what what makes you a screaming leftist hiding under "undisclosed."


    Quote Originally Posted by JasperL View Post
    I think the problem with you citing $60B is many families of soldiers on active duty are on EBT - over $100 million in EBT spent in commissaries, so that's not close to all EBT benefits going to families of soldiers serving this country. Are they "criminals stealing from those who work hard and are forced to pay taxes for those who don't bother" or "low life scum milking the system?" Many other working families receive EBT benefits. Are they also low life scum because they're working a low wage job with crap benefits?

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

    Quote Originally Posted by CalGun View Post
    I'm guessing you find it easy to ignore there are low life scum sucking at the tit of your beloved government? Of course it is - that is what what makes you a screaming leftist hiding under "undisclosed."
    If being on the opposite side of you makes me a "screaming leftist" who doesn't judge millions of people I don't know as "low life scum sucking at the teat" then I'm OK with that. Some are, some aren't, like the families of active duty soldiers protecting your sorry rear end, and millions of others working low wage jobs and raising a family on near minimum wage.

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