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Thread: Shock employment figures: Fewer than 46% of Americans have jobs

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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    Quote Originally Posted by StillBallin75 View Post
    It means that since Social Security in its current form is unsustainable, the beneficiaries should be tested for their "means," i.e., need. People who need more (people who have less means) will get more, people who don't need as much (people with more means to take care of themselves) will have their benefits cut.
    But how is that fair? If they paid more in, they should get more out. Theoretically it's already their money anyway.
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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    Quote Originally Posted by X Factor View Post
    But how is that fair? If they paid more in, they should get more out. Theoretically it's already their money anyway.
    Yes that's why I assume there are many people against it.
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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    Quote Originally Posted by StillBallin75 View Post
    Yes that's why I assume there are many people against it.
    Yeah, that's gonna be a hard sell for anyone who watched that chunk get taken out of their paycheck every two weeks over the last 20 years.
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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    Quote Originally Posted by StillBallin75 View Post
    what has that rate been historically?
    I think that the statistic that most economists use is something called the participatin rate. That is the nmber of working age that are either employed or seeking employment that number is usally about 64%. That number has come down just a bit, still in the 60s.

    What is interesting when people look at the labor statistics is that the labor force has not grown in about three years. Most usual. On average about 125K workers enter the labor force each month. So a bif question is where are those 4 or 5 million people. Probably a large part are in th discouraged worker numbers. You probaby have heard about the U6 statistic when measuring unemployment, many feel it is a better reflection of the real number. U6 counts unemployed which he country counts as peole getting unemployment benefits, then there are people whse unemployment has run out, the fovernment calls these people discouraged workers, then we have part timers that have indicated that would be willing to work full time.
    An interesting topic for thi site might be the number of uneployed youth in America. A lot of the unrest in the ME has come from disenchanted youth ad high unemployment in nations such as Egypt. I wonder when facebook will do its magic here in the states and have youth start voicing their outrage at what how they are being left behind by bth parties.

    Makes e think back to my youth in the 60s, when we did take to the streets to rail against what was happening in the south and those old guys in congress sending kids to be killed in Vietnam, for what? I guess I got a bit off target sorry.

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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    Quote Originally Posted by X Factor View Post
    Shock employment figures: Fewer than 46% of Americans have jobs | The Raw Story

    Soooo, basically, less than half of the population is supporting everyone else. Anybody see any problem with this?

    More Americans leaving the workforce - USATODAY.com
    What an idiotic statistic and spin.

    First of all, according to the latest numbers (2009), 24.3% of the US population is under 18. Or are you part of the working children to death crowd?

    Secondly the amount of people over 65 (aka retired) is 12.9%.

    So there you already have 37.1% of the population covered.

    Considering you real unemployment is around 16%, and then all those that are not counted, then no it is not a "shocking" number. Like it or not you should only worry about 62.9% of the population since the retired have paid for themselves, and since when do children pay for themselves?
    PeteEU

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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    There are at least three distinct issues at play here: Unemployment, women's rights, and demographics.

    Unemployment - The only solution in the short-term is massive economic stimulus and deficit spending. In the longer term, we'll need to revise our tax codes and labor laws to keep our businesses competitive.

    Women's rights - Men still have a higher participation in the labor force than women. To some extent, that's by choice: Women are more likely to be family-oriented and men are more likely to be money-oriented. But I think we should make it easier for women to join the labor force if they want to. Some countries offer subsidized childcare for working mothers, for example. That's something that's at least worth exploring.

    Demographics - It's true that our population is going to get old quickly unless we do something about it. Policies that increase birth rates are a bad idea: They tend to reduce overall well-being, and are often incompatible with women's rights. Instead, I think we should focus on allowing more legal immigration to the United States. This will keep our work force relatively young and more able to support the elderly and the children.
    Last edited by Kandahar; 04-15-11 at 05:55 AM.
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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    I would think moving jobs to china for 2 decades has alot to do unemployment numbers and are illegal aliens not working in those numbers.
    Theres alot of things that need fixing in this country and everyone wants to focus the blame on SS, medicare and Unions and overlook all the other wasteful expenditures...that neither democrats or republicans are even mentioning. Like Foreign aid and Subsidies cuts need to start at the top and go down and everyone needs to share the pain...proportionately
    Last edited by lpast; 04-15-11 at 07:52 AM.

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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    Quote Originally Posted by X Factor View Post
    Shock employment figures: Fewer than 46% of Americans have jobs | The Raw Story

    Soooo, basically, less than half of the population is supporting everyone else. Anybody see any problem with this?



    More Americans leaving the workforce - USATODAY.com
    I'm not shocked. I'm annoyed at the people of this country not seeing the truth.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    Quote Originally Posted by X Factor View Post
    But how is that fair? If they paid more in, they should get more out. Theoretically it's already their money anyway.
    Yes, it's true that if you pay more in you'll receive more at retirement, but the calculation is heavily weighted at the lower end of earnings.

    Your benefit level is calculated as 90% of your first $749 in monthly pre-retirement earnings, 32% of earnings up to $4,517, and 15% of your earnings above that. This means that high-income earners get a smaller benefit as a percentage of their income than low earners do.

    Some of the so called 'Social Security fixes' call for eliminating the salary cap and expand/modify the above weighted distribution calculation.
    “We just simply don’t know how to govern” - Rep. Steve Womack (R-AR) a member of the House Budget Committee

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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    I wonder what the statistic used to be like 40 years ago when women did not generally work?
    Ted Cruz is the dumbest person alive.

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