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Nearly 102 Million Americans Do Not Have A Job Right Now – Worse Than At Any Point During The Last Recession The argument is essentially that everyone should be working. It is a stupid argument made by stupid and myopic people who know nothing about what each of these individuals needs or wants but who are willing to tell them what they want is dead wrong. I can clear up this nonsense using one chart from the article. I was frankly surprised to find this chart spanning 1945 to 2019. Usually, these doom and gloom-ers are smart enough to cherry pick the chart by truncating the years most commonly from 1990 to present. This chart is an important chart, and it holds some interesting information which we can use to decipher what Americans want, and it is not for everyone to work full-time.
Notice that from 1945 to 1970 the chart shows a settled position where only about 59% of Americans were in the workforce. This was a tip of the hat to the fact that most women once they decided to have a family stopped working to raise the children. So, some young women were in the workforce and some middle age women would later in life return to the workforce, but during the prime of life, women spent time on the most important task for humans, raising the next generation. In essence, men were left to do the less important jobs. Beginning in the 1970s and accelerating two separate trends occurred. One was women the other was coloreds, and both were encouraged to enter the workforce. The result was an immediate and rapid increase in the workforce expanding the "in the workforce" portion of the population from 60% in 1970 to 66-67% from 1990 to 2000. But Americans did not want everyone to work full time, and after 2000 they began to drop out of the workforce in ever greater numbers. Some to care for and raise children, others to care for and assist elderly parents and relatives, some to do both. I have no idea what the correct workforce participation rate is, but it is not 67%. Americans have voted with our feet, that his too high. Is the current 63% the correct number? Who knows? I would suggest we might see a return to the 59% of the 1950s or we might see the workforce participation rate plateau at 63%. What is silly is the argument that we need to return to the 67% numbers after Americans have so strongly voted with our feet and when unemployment is below 4% if people wanted to go back to work they could without any trouble. Instead, I would suggest that the post 9/11 recession started something. It allowed many people to realize that they could make ends meet on a single salary provided the other spouse did all the housework, child rearing, and food preparation as was done in families in the 1950s. The 2008 recession doubled down on this by dragging on so long that it forced some to alter their lifestyles. It seems that many liked this more relaxed less pressured lifestyle where one spouse worked, and the other tended the home, raised the children, and addressed elder care issues. "If you would like to claim that we have had a very marginal “employment recovery” since the last recession, that is a legitimate argument to make. But anything beyond that is simply not being honest." I just made an argument which explains what is happening and fits the graph well. The author's arguments do not. He needs to keep plumping his economic collapse fearmongering which is not supported by the data or by personal experience. This is the argument, "Who'ya gonna believe me or your lying eyes?" My lying eyes if you are asking, and the data like the fact that the first quarter GDP showed a 3.2% increase even after the long government shutdown which was supposed to result in about 1.5% GDP growth, the fact that unemployment remains extremely low at about 4%, and wages are rising. People like this scour the statistics for any which can be spun to look bad. They publish these lists because bad news sells. The also predict recessions every year, knowing that recessions happen routinely, and when they do, they take credit for their "prescience." In reality, they just get lucky once a decade or so and expect you to forget the fact that they are wrong the other 9 years. Don't be surprised if the workforce participation rate falls further. It is doing so because we are a wealthy nation becoming wealthier, and we are beginning to realize the value that we knew in the 1950s but forgot by 1970. The Boomers are the crux of this stupidity. We are an exceptionally foolish, self-deluded, and self-inflated generation. To be fair, we are the worst generation in human history. In the future, when one looks up Boomer Generation online, there will be a photo of the petty grifter-in-chief and wife, Bill and Hillary Clinton. They are the most accurate representatives of our generation of spendthrifts, and wastrels. Snow expected in metro Detroit this weekend. We give up.
Here at Stately Maddog Manor, it will be in the upper 60s. I owe my parents a debt of gratitude for moving the family first to Danville, California, then here near Portlandia, Oregon. To all the Michiganders, enjoy! A Couple Dozen People Go To Beto Campaign Event He's pretty with that sharp useless look of a lawyer! Then he opens his mouth ... The Chicago Sun-Times wishes you a peasant morning
In 2020, we peasants will skim the scum from the top of the political facultative lagoon. Trump's second term will only resemble his first in that it will consist of four years. I am not tired of all the winning, but I am ready for the bloodletting. Mr. Trump, "Cry havoc and let slip the dogs of war!" Newly released Strzok-Page text messages suggest FBI attempt to recruit spies within the incoming Trump administration
"Drip, drip, drip is turning into a steady stream, and based on President Trump's interview last night with Sean Hannity, it may soon become a torrent." Worried Matthews Warns Dems to ‘Sober Up,’ Fears Another McGovern I'm sticking with 49. The Dems are just beginning to run left. With 20 blowhards in the game, the run to the left should be fast and far. By the time they get out to the far left, there won't be enough time to run back for the general election. Even if they could, doing so would alienate the base who selected the candidate, causing many not to vote. In either case, the Dems will self-destruct unless they have an immediate come to Jesus moment and walk back their run to the left mentality. Matthews sees the problem, but he does not have a solution. The base is running, the winning candidate and future trivia contest answer will be whoever runs and stays further to the left than the rest. Both Sanders and Harris look pretty good now, but who knows how this election will break. Once Again, Trump’s Economy Beats the ‘Experts’ Progressives live in a topsy-turvy world where everything is inverted. They cannot understand why the Light Bringer, Obama could not jump the economy to Brobdingnagian heights with his heavy-handed business regulations, healthcare regulations, and other economy-sapping nonsense. They equally cannot understand why Trump has so much economic success when he cuts regulations, taxes, and healthcare rigamarole. For the past two years, progressives told us Trump would soon be frogmarched out of the White House. Only to find out in the Mueller Report that Trump did nothing wrong. Progressives are wrong, always and about everything. It wasn't always so, but after 1972, progressives walked off the sanity cliff and have been devolving ever since. In Hillary, they thought they had finally found their savior a person who would usher in the permanent reign of progressive totalitarianism. Instead, they got Trump and lost their minds. ECO-DOOM: THINK GLOBALLY, PANIC LOCALLY "Back when I was writing a book with Joel Schwartz on conventional air pollution around 2005, we were struck how the media everywhere covered the issue with a reverse Lake Woebegone effect: our local area has “some of the worst” air pollution in the whole country!" Cultists will believe anything, and facts are not relevant to help them understand they are wrong. "Here’s a compilation we came up with from media coverage in the early 2000s:Here are a few among many examples. Chicago, the Chicago Sun-Times reports, has “some of the worst air pollution in the nation.” The Dallas-Fort Worth area has “some of the country’s worst air” claims the Fort Worth Star-Telegram. The Baltimore Sun says Baltimore has “some of the worst air pollution in the country” as well. The New York metropolitan area? “some of the country’s dirtiest air” according to the Westchester Journal-News. Atlanta, according to the Atlanta Journal and Constitution, has “some of the worst air pollution in the country.” The Washington Post puts not only the Washington-Baltimore metropolitan area but also Phoenix in the “some of the worst air pollution” fraternity. Sometimes it is entire states that have “some of the worst air pollution.” New Jersey, the Bergen County Recordsays, has “some of the worst air pollution in the country.” But just across the Hudson River the New York Times claims it is the State of New York that “has some of the nation’s dirtiest air,” but also that “the smog in Connecticut is among the worst in the nation.” Tennessee experiences “some of the worst air pollution in America,” according to the Chattanooga Times Free Press. Maryland is “faced with some of the worst air pollution in the country,” according to the Baltimore Sun. The citations above came from journalists and editors, who get much of their information from environmental activists. But activists also make many “some of the worst” claims directly. For example, the New Jersey Public Interest Research Group claims, “Passaic County [New Jersey] suffers from some of the worst air pollution in the country.” North Carolina PIRG says North Carolina “has some of the worst air quality in the country.”Ohio PIRG claims it is Ohio that has “some of the worst air pollution of any state.” Tennessee Conservation Voters claims Tennessee has “some of the worst air pollution” in the country.” The New York chapter of the American Lung Association impugns New York State’s air as being “on par with some of the worst polluted air in the country.'" These people are embarrassingly naive. Yet they persist. |
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