This is a good economy?1 in 6 Working Age Males Has No Job Under Obama!

[healthmyths]

Worse Than the Depression: 1 in 6 Working Age Males Has No Job Under Obama

Jim Hoft Sep 7th, 2016 7:49 am 40 Comments

The numbers are in and after seven years of Obamanomics the economic climate in America is “worse than the depression.”
In the 1960s, nearly 100 percent of men between the ages of 25 and 54 worked. That’s fallen over the decades.
In a recent report, President Obama’s Council of Economic Advisers said 83 percent of men in the prime working ages of 25-54 who were not in the labor force had not worked in the previous year. So, essentially, 10 million men are missing from the workforce.
“One in six prime-age guys has no job; it’s kind of worse than it was in the depression in 1940,” says Nicholas Eberstadt, an economic and demographic researcher at American Enterprise Institute who wrote the book Men Without Work: America’s Invisible Crisis. He says these men aren’t even counted among the jobless, because they aren’t seeking work.
Eberstadt says little is known about the missing men. But there are factors that make men less likely to be in the labor force — a lack of college degree, being single, or being black…
…Indeed, economists say technology and overseas competition are displacing many jobs.
Worse Than the Depression: 1 in 6 Working Age Males Has No Job Under Obama

 

[Al Azar]

Then I guess he can't count on your vote.

 

[Iceweasel]

Then I guess he can't count on your vote.

Weird response.

 

[Wyatt earp]

Worse Than the Depression: 1 in 6 Working Age Males Has No Job Under Obama

Jim Hoft Sep 7th, 2016 7:49 am 40 Comments

The numbers are in and after seven years of Obamanomics the economic climate in America is “worse than the depression.”
In the 1960s, nearly 100 percent of men between the ages of 25 and 54 worked. That’s fallen over the decades.
In a recent report, President Obama’s Council of Economic Advisers said 83 percent of men in the prime working ages of 25-54 who were not in the labor force had not worked in the previous year. So, essentially, 10 million men are missing from the workforce.
“One in six prime-age guys has no job; it’s kind of worse than it was in the depression in 1940,” says Nicholas Eberstadt, an economic and demographic researcher at American Enterprise Institute who wrote the book Men Without Work: America’s Invisible Crisis. He says these men aren’t even counted among the jobless, because they aren’t seeking work.
Eberstadt says little is known about the missing men. But there are factors that make men less likely to be in the labor force — a lack of college degree, being single, or being black…
…Indeed, economists say technology and overseas competition are displacing many jobs.
Worse Than the Depression: 1 in 6 Working Age Males Has No Job Under Obama

Yup liberals made disibilty so easy lazy fucks think that's better then working


.

 

[NYcarbineer]

And yet the minimum wage is lower now than it was in the 60's. So much for the argument that lowering the minimum wage is the key to more jobs.

 

[Wyatt earp]

And yet the minimum wage is lower now than it was in the 60's. So much for the argument that lowering the minimum wage is the key to more jobs.

Its not the key for more jobs, it gives teenagers a chance to get a job.



.

 

[healthmyths]

And yet the minimum wage is lower now than it was in the 60's. So much for the argument that lowering the minimum wage is the key to more jobs.

And again...The facts but YOU don't provide ANY to your comment! Where are YOUR facts to contest these FACTS???

Among those paid by the hour, 1.3 million earned exactly the prevailing federal minimum wage of $7.25 per hour.
About 1.7 million had wages below the federal minimum.
Together, these 3.0 million workers with wages at or below the federal minimum made up 3.9 percent of all hourly paid workers.
Of the 3 million... 1.443 million ages 16 to 24!
http://www.bls.gov/opub/reports/min...racteristics-of-minimum-wage-workers-2014.pdf
We aren't describing "the above group"!

AGAIN... THIS IS THE GROUP
In a recent report, President Obama’s Council of Economic Advisers said 83 percent of men in the prime working ages of 25-54 who were not in the labor force had not worked in the previous year. So, essentially, 10 million men are missing from the workforce.
“One in six prime-age guys has no job; it’s kind of worse than it was in the depression in 1940,”

Then combine with the FORCED 30 hour work week from Obamacare...

However, many economists agree that one of the direct impacts of this new legislation is more part-time jobs and reduced hours for workers.

You see, under the employer mandate of Obamacare, businesses employing 50 or more workers will be forced to offer health insurance or pay a penalty of $2,000 per full-time worker (i.e., those working over 30 hours per week).

The simple way to get around this penalty is obviously to reduce each employee's hours, but offset that by hiring more workers.

"Our analysis of a similar program in Massachusetts suggested that this law could slow job growth in the United States," wrote UBS's Drew Matus in a June research note. "Given the impact on Massachusetts, we could see a reduction in job growth of almost 500,000 during the first few years of the act’s implementation. Alternatively, we could see more hiring driven by part-timers not eligible for health insurance (which could increase hiring) with a commensurate decline in the average workweek."

BEFORE the recession, Richard Clark’s cleaning company in Florida had 200 employees, about half of them working full time.
These days it has about 150, with 80% part-time. The downturn explains some of this.
But Mr Clark also blames Barack Obama’s health reform...

 

[waltky]

The dry cleanery where Uncle Ferd worked...

... got a robot to wring farts outta shirt-tails...

... what's Obama gonna do `bout dat?

 

[healthmyths]

The dry cleanery where Uncle Ferd worked...

... got a robot to wring farts outta shirt-tails...

... what's Obama gonna do `bout dat?

For sure he got a robot that doesn't require a $15.00/hour wage!

 

[pinqy]

Worse Than the Depression: 1 in 6 Working Age Males Has No Job Under Obama

Jim Hoft Sep 7th, 2016 7:49 am 40 Comments

The numbers are in and after seven years of Obamanomics the economic climate in America is “worse than the depression.”
In the 1960s, nearly 100 percent of men between the ages of 25 and 54 worked. That’s fallen over the decades.
In a recent report, President Obama’s Council of Economic Advisers said 83 percent of men in the prime working ages of 25-54 who were not in the labor force had not worked in the previous year. So, essentially, 10 million men are missing from the workforce.
“One in six prime-age guys has no job; it’s kind of worse than it was in the depression in 1940,” says Nicholas Eberstadt, an economic and demographic researcher at American Enterprise Institute who wrote the book Men Without Work: America’s Invisible Crisis. He says these men aren’t even counted among the jobless, because they aren’t seeking work.
Eberstadt says little is known about the missing men. But there are factors that make men less likely to be in the labor force — a lack of college degree, being single, or being black…
…Indeed, economists say technology and overseas competition are displacing many jobs.
Worse Than the Depression: 1 in 6 Working Age Males Has No Job Under Obama

Well, the Male 25-54 employment to population ratio has been going down for over 50 years now.

The main reason is that the number of men who do not want a job has been going up. I would also bet the number of stay-home male spouses has gone up dramatically.