Faun
Diamond Member
- Nov 14, 2011
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Not accepting your 94% number. It is BS. If you believe it, you might be a statist dupe.Not in Labor Force, Want a Job Nowwhere did you get the 94%?94% represents a "vast majority."Can you enlighten me with what percentage of those 95 million represent the 'vast majority?'If they don't want or need to work, so what? And the vast majority of them don't want to.
Let's try this again, since you wouldn't answer the first time... Of what significance towards indicating the health of the job market do you delude yourself into believing the labor force participation rate plays?
For a third time...
Of what significance towards indicating the health of the job market do you delude yourself into believing the labor force participation rate plays?
Why are you avoiding answering...?
4th time....
Of what significance towards indicating the health of the job market do you delude yourself into believing the labor force participation rate plays?
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As if it matters whether you accept it or not.
The numbers are what they are. And I also note, that 94% is based on the same numbers from the same source YOU referred to when you pointed out there are 95 million people not in the labor force.
That leaves you picking and choosing BLS figures; in typical rightard fashion, ignoring the ones you find inconvenient.
More nonsense. You'll have a hard time convincing anyone with a functioning brain that the concern is a shrinking tax base when tax revenues have increased every year since 2009 and are currently at an all time high...This too might explain why you are incapable of understanding the relationship between the unemployment rate and participation rate...you believe the lying State.
From Forbes:
The drop in labor force participation rates concerns economists for several reasons. First, it depresses economic growth, which is already at anemic levels of 0.5%. Second, it puts pressure on the federal budget at a time when we are facing historic fiscal constraints. The less workers there are, the more the tax base shrinks. And third, any time out of the labor force impacts workers’ future earnings trajectories should they return to work, due to lost training and on-the-job experience.
While part of the decline in workforce participation is the result of an aging population and increased schooling for young adults, this is far from the full story. The employment rate of 25 to 54 year olds has also dropped since 2000. This suggests that other factors – such as low wages or work disincentives in government benefits – are also responsible.
The Concerning Drop In Workforce Participation And Role Of Family-Friendly Policies
What you're too ignorant to comprehend is that the labor force participation rate is not an indicator of the health of the job market. How could it be? It's pressured mostly by demographics. The biggest increases to it were the result of baby boomers hitting working age, civil rights, and the women's lib movement. Those demographics pushed it up and now, as baby boomers are retiring at record numbers, they contribute heavily to pushing it down. Even worse for your defunct argument, if the current labor force participation rate was an indicator of the health of the job market or the economy, then that would mean the economy now is better than the economy was at any time prior to 1978, which is ludicrous. It would also mean the economy during the height of Bush's Great Recession was better than almost all of the years Reagan was president, which is also ludicrous.
In terms of the percentage of the population that is working, which actually does measure the health of the job market, that has barely dropped since Obama's been president; and that's entirely due to the decrease of government employees, which has fallen by ½ million (more about this in a moment). The percentage of the population working in the private sector has risen under Obama from 47.5% to 48.1%
Bureau of Labor Statistics Data
Bureau of Labor Statistics Data
.... private sector growth since the recovery began following the Great Recession has been steady. The annualized increase as percentage of the population going as far back as BLS data goes...
Clinton .... +0.68%
Carter ..... +0.63%
Reagan ... +0.50%
Obama .... +0.44%
Bush41 .... -0.32%
Bush43 .... -0.60%
Bureau of Labor Statistics Data
Bureau of Labor Statistics Data
... and here's the worst part for your position ... the only reason the overall employee/population ratio has dropped negligibly (3/10ths of one percent) is due to Bush's Great Recession and the decrease of government employees. You're so blinded with rightwingnut talking point, you're a conservative who's actually arguing against conservative policies ; namely, the shrinking of the government. Because you have no idea what you're arguing, you're pissing and moaning about the LFPR which doesn't indicate the health of the job market while your ignorance prevents you from understanding the decrease in government employees (a conservative position) is largely attributable for the overall drop in the employee/population ratio.
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