Quantcast

There Are 100 Million Working Age Americans That Do Not Have Jobs

Teri- Oregon 2012/05/05 01:27:14

Michael Snyder

The Economic Collapse

Friday, May 4, 2012


The unemployment crisis in America is much worse than you are being
told. Did you know that there are 100 million working age Americans
that do not get up in the morning and go to work?





No wonder why it seems like there are so many people that do not have
jobs! According to the federal government, there are 12.6 million
working age Americans that are considered to be “officially” unemployed,
but there are another 87.8 million working age Americans that are not
working either. The federal government considers those Americans to be
“not in the labor force” so they are not included in the unemployment
rate. In fact, this is one of the key ways that the government
manipulates the unemployment numbers. The Obama administration would
have us believe that the unemployment rate is going down and that that
since the start of the last recession about as many Americans have left
the labor force as we saw during the entire decades of the 1980s and
1990s combined. Of course that is a bunch of nonsense,
but that is what the Obama administration would have us believe. The
truth is that the percentage of working age Americans that are employed
is just about the same right now as it was two years ago. It was
incredibly difficult to get a job back then and it is incredibly
difficult to get a job right now. So don’t believe the hype that things
are getting much better. If you still do have a good job, you might
want to hold on to it tightly, because there is not much hope that
things are going to improve significantly any time soon.


The first chart that I have posted below shows the total number of
“officially” unemployed workers in America. According to the Federal
Reserve, that number is currently 12,673,000. This chart makes it look
like the employment picture in America is getting significantly better….



But if you dig deeper into the numbers you quickly see that this is
not true. A lot of those workers that were formerly classified as
“unemployed” have now been moved into the “not in labor force”
category. Since the start of the last recession, the number of
Americans not in the labor force has risen by more than 8 million
according to the Obama administration. The total number of working age
Americans not in the labor force now stands at 87,897,000….



So when you add 12,673,000 and 87,897,000, you get a total of 100,570,000 working age Americans that do not have jobs.


Yes, there are certainly millions upon millions of working age Americans that do not have jobs and that do not want jobs.


But you have to be delusional to believe that there are nearly 88
million working age Americans that do not have jobs and that do not want
jobs.


The Obama administration tells us that the labor force participation rate is now the lowest it has been since 1984.
But back then, a very large percentage of women were staying home and
raising families. The percentage of stay at home mothers has declined
steadily since then.


So the truth is that the employment statistics that we are being fed
are not portraying an accurate picture of what is really going on.


As a CNN article
recently explained, there are millions of Americans that say that they
would like to have a job even though they have not been “actively”
looking for one in the past four weeks. If those people were included
in the unemployment rate, it would immediately shoot up to around 11
percent….


About six million people claim they want a job, even
though they haven’t looked for one in the last four weeks. If they were
to all start applying for work again, the unemployment rate would
suddenly shoot up above 11%.


If you want a much more accurate picture of what is really happening
to the employment situation in America, the key is to look at the
employment to population ratio. As I have written about previously, the percentage of working age Americans that have jobs is not increasing.


Let’s take a look at the employment to population ratio for the last six years for the month of March….


March 2007: 63.3%


March 2008: 62.7%


March 2009: 59.9%


March 2010: 58.5%


March 2011: 58.5%


March 2012: 58.5%


The percentage of the working age population that had jobs fell
rapidly during the recession and it has stayed very low since then.


When Barack Obama tells you that “America is going back to work” he is lying to you.


The cold, hard reality of the matter is that there are millions of
hard working Americans that have been sitting at home for years hoping
that a new job will come along.


Back in 2007, approximately 10 percent of all unemployed Americans had been out of work for one year or longer.


Today, that figure is above 30 percent.


The average duration of unemployment in the United States today is about three times as long as it was back in the year 2000.


And according to a recent Wall Street Journal article, the number of announced job cuts is actually rising again….


Also, announced jobs cuts rose 7.1% in April,
according to Challenger, Gray & Christmas, to 40,599 — and up 11.2%
from last April — another bit of evidence that the jobs market isn’t
doing well.


Economic conditions in the United States have been steadily getting worse for quite a while, but that is not the only reason for our employment problems.


There are two other trends that I want to briefly mention.


1) A lot of jobs that used to be very labor intensive are now being
replaced by technology. Thanks to robotics, automation and computers, a
lot of big companies simply do not need as many workers these days.
Those are jobs that are never going to come back.


2) As labor has become a global commodity, millions upon millions of U.S. jobs have been sent overseas.
Today, you are not just competing for a job with your neighbors. You
are also competing with workers on the other side of the globe.
Unfortunately, it is legal to pay slave labor wages in many of those
countries. By sending our jobs out of the country, big corporations can
also avoid a whole host of rules, regulations, taxes and benefit
payments that they would be facing if they hired American workers.


So U.S. workers are at a massive competitive disadvantage. Why
should a big corporation pay 10 or 20 times more for an American worker
when they can pad their profits by exploiting cheap foreign labor?


The sad truth is that the value that the marketplace puts on the labor of the average American worker is continually decreasing.


This is making it much more difficult to find a job and it is keeping wages down.


In the old days, pretty much any man that was a hard worker and that really wanted a good job could go out and get one.


But now all of that has changed. Back in 1950, more than 80 percent of all men in the United States had jobs. Today,less than 65 percent of all men in the United States have jobs.


And sadly, the vast majority of the jobs that are being lost are good jobs. As I wrote about the other day, 95 percent of the jobs lost during the recession were middle class jobs.


So how are middle class families making it these days?


Many of them are going into tremendous amounts of debt. As a recent CNN article
detailed, the average debt load being carried by those of us in the
bottom 95 percent of all income earners has risen dramatically over the
past several decades….


In 1983, the bottom 95% had 62 cents of debt for
every dollar they earned, according to research by two International
Monetary Fund economists. But by 2007, the ratio had soared to $1.48 of
debt for every $1 in earnings.


Unfortunately, many American families are absolutely maxed out at this point. According to one recent survey, approximately one-third of all Americans are currently paying their bills late.


If your goal is to live a middle class lifestyle, you need to realize that the entire way that the game is being played is changing.


In the old days, you could start out with a company as a young person
and stay with that company until you retired. If you worked hard and
you were loyal, there was a really good chance that the company would
recognize that and be loyal to you too.


These days, most companies are absolutely heartless when it comes to
their workers. The good job that you have today could be gone
tomorrow. Workers are increasingly being viewed as “liabilities”, and
there is a good chance that the moment you become “expendable” to your
company you will be kicked out on the street.


That is one reason why I am encouraging people to consider starting
their own businesses. If you work for someone else, your security can
be taken away from you at any moment. But if you work for yourself, you
aren’t going to get fired.


Unfortunately, tough economic times are coming and things are not
going to be easy no matter what road you take. It will be imperative to
work harder than ever, to stay flexible, and to never, ever give up.

Read More: http://www.infowars.com/there-are-100-million-work...

You!
Add Photos & Videos

Sort By
  • Most Raves
  • Least Raves
  • Oldest
  • Newest
Opinions

  • HAlex1972 2012/05/05 05:39:26
    HAlex1972
    +1
    I watched my father slave away for his employer for 14 years as Vice-President of his company. The moment he had some personal issues to deal with, the owner of the company fired him. So much for loyalty. After seeing that, I knew that I would never give my life to another man's business. I started contracting in 1995 and started my own business in 1998. I never had to worry about being unemployed, and I never had to budget my household on a "fixed income", because that's what a salary or hourly wage essentially is, a "fixed income". You only make more money when you trade more of your time for it. As a small business owner, you're income potential has no limit to it.

    That being said, as a business owner, you have all of the headaches and all of the risks, and when an employee doesn't show up for the day, you have to take his position. (It's double-trouble, or worse, when 2 or more don't show up!) But, even with all of that, I wouldn't trade the freedom to make my own decisions, plan my own vacations, choose the health insurance plan that is best for my needs, take the jobs that I want to do, or schedule my family time at my own discretion, for the world.

    One thing I'd like to add, though. "Free trade" has affected not just workers, but small business owners, too...

    I watched my father slave away for his employer for 14 years as Vice-President of his company. The moment he had some personal issues to deal with, the owner of the company fired him. So much for loyalty. After seeing that, I knew that I would never give my life to another man's business. I started contracting in 1995 and started my own business in 1998. I never had to worry about being unemployed, and I never had to budget my household on a "fixed income", because that's what a salary or hourly wage essentially is, a "fixed income". You only make more money when you trade more of your time for it. As a small business owner, you're income potential has no limit to it.

    That being said, as a business owner, you have all of the headaches and all of the risks, and when an employee doesn't show up for the day, you have to take his position. (It's double-trouble, or worse, when 2 or more don't show up!) But, even with all of that, I wouldn't trade the freedom to make my own decisions, plan my own vacations, choose the health insurance plan that is best for my needs, take the jobs that I want to do, or schedule my family time at my own discretion, for the world.

    One thing I'd like to add, though. "Free trade" has affected not just workers, but small business owners, too, that can't send their work overseas, thus making it very difficult to compete with mega-corporations that are swiftly putting them out of business.

    Support your local, small businesses! They put their earnings right back in your own communities and support many of the community activities that make our towns a wonderful place to live.
    (more)
  • TheR 2012/05/05 03:59:10
    TheR
    +1
    The way I see it, is competition is killing jobs not creating them. People want higher wages in the US, because they want high cost items to support higher wages. But you can still have deflation with higher cost. That is why lower wages are better because it creates incentive to work, and if products are a low cost, people can afford to live in the environment. Low cost for goods is easier to dissipate deflation than high cost for goods to dissipate. There is a market overseas for American goods, but you need to accept lower wages. This way more foreign countries can afford to buy US goods exported to them. This means more volume sales abroad for American goods, which in it's own right can increase wages slightly affording a Middle Class Society.

    I say there is a need for billions of jobs, but people need to support Lower Wages in creating them. You can make a quality product at a low expense. High Price goods should not mean better quality. High Prices for goods is simply a sign of greed, and distrust.

    Middle Class workers need to abandon the idea they should pay down the National Debt, when they did not create it. The Elite created that problem, and do you see them paying for their decisions? No they don't. The Elite have caused this problem.

    Just work for your own domain, and support that to create jobs.
  • wtw 2012/05/05 03:34:40
    wtw
    +1
    And people want Obama to get a second term--Are people capable of critical thinking today?
  • holly go lightly 2012/05/05 01:57:19 (edited)
    holly go lightly
    +1
    O girl you weren't supposed to mention this !But I'm glad you did.
  • ὤTṻnde΄ӂ 2012/05/05 01:53:48
    ὤTṻnde΄ӂ
    It's a good thing that Paulie won't get elected to make it 200 million Americans without a job.
  • Chanch 2012/05/05 01:50:22
    Chanch
    100 million ? BS ! The total population of America is just over 300 million. That would be 1 person in 3 ! And that would include babies, kids, retirees, etc. This discredits your entire statement. LOL
  • dominic garcia 2012/05/05 01:46:15
    dominic garcia
    +2
    Obama is reaching his goals of taking down America. I'm sure he is very proud of himself. Has anyone seen him crying or sad? Of coarse not, he is always partying, golfing, vacationing etc.
  • blah 2012/05/05 01:37:56
    blah
    +1
    You can thank O for that.
  • Bali blah 2012/05/05 12:10:55
    Bali
    +2
    by kicking him and his posse out of the white house!
  • flaca BN-0 2012/05/05 01:29:13
    flaca BN-0
    many of them don't need jobs. They have a spouse who works and they decide between themselves that more money is not what they want. What's wrong with that?
  • Teri- O... flaca BN-0 2012/05/05 01:39:28
    Teri- Oregon
    +1
    huh! could you not see the signs, I WANT TO WORK?
  • flaca BN-0 Teri- O... 2012/05/05 01:48:23
    flaca BN-0
    I could work. I used to work. My husband and I decided I wouldn't. We can afford it.
    I have never taken unemployment benefits in my life.
  • Teri- O... flaca BN-0 2012/05/05 01:51:57
    Teri- Oregon
    +1
    well i wish i could afford to stay home and take care of my kids, but i can't. I don't think the article is referring to people who choose to stay home, it is referring to those who have lost their jobs and can't find any. I have been out of work since 2009 and have combed my streets even driving two hours to find a job, and guess what there aren't any!

See Votes by State

The map above displays the winning answer by region.

News & Politics

2014/12/18 05:40:05

Hot Questions on SodaHead
More Hot Questions

More Community More Originals