Look at the last two sentences in your article. The problem being discussed is obviously not about socialism. The countries being compared to make a point about American job losses are more socialist oriented nations than the USA. The article has nothing to do with socialism, meaning since you posted it, you probably have no understanding of what socialism is.Socialism is what made the US number one, right?What's the problem comrade, is it our fault you're too stupid to understand the benefits of socialism?
What made America great was the ability of the working class to get a fair share of the wealth that was being generated,
something that has been steadily eroding for many years now.
Working class still has that ability though it has been severely crippled by the current administration and it's inability to create jobs or promote job growth.
What has been eroding for many years is the work force in which blacks have highest rate of unemployment and labor force non participation.
America's biggest job market problem is uniquely American
July 2, 2015, 11:18 AM EDT
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Federal Reserve looks at the labor markets in eight developed countries and finds participation is falling the fastest in the U.S.
Here’s something unique about America not to celebrate on July 4th: Our shrinking workforce.
On Thursday, the government reported that the U.S. added 223,000 jobs last month. It’s a decent number, and it shows that the economy is still expanding, though not quite spectacularly. The jobs report also included a figure that suggests the labor market is perhaps a lot weaker than many think. The number of people in the workforce dropped by 432,000 in June, to just over 157 million. That translates to 62.6% of the overall population, the lowest the labor force participation rate has been since 1977.
Some have said that the drop in the labor force participation rate is largely about demographics and nothing to worry about. Aging baby boomers are retiring. Middle-aged women, who came roaring into the workforce in the 1970s and 1980s, are now opting out. More kids are staying in school. (Thanks Mr. T!) Indeed, a group of economists basically predicted the current drop in the labor force participation rate all the way back in 2006, well before the recession hit.
Last week, though, a study by the Federal Reserve Bank of St. Louis took on the notion that the drop is all about demographics and not a sign that the labor market is sicker than we think. The study looked at the labor force participation rate not just in the U.S. but in eight major developed countries, including Sweden, Japan, Canada, Germany, France, Spain, and the United Kingdom. Nearly all of those countries are facing the same demographic trends as the U.S. And Japan is currently dealing with an even more severe case of aging population. And yet, out of the eight nations, the U.S. is the only one where the participation in the labor force is declining.
Labor force participation rate falls faster in U.S. than elsewhere - Fortune