World of KJ :: View topic - US Employment Rate at 34 year Low at 63.3%

Tyler wrote:

You realize it's more profitable now in capitalism to attack labor than invest in tech, right? Maybe our corporate masters don't *want* high employment or rising wages.

Caius wrote:

Tyler wrote:

You realize it's more profitable now in capitalism to attack labor than invest in tech, right? Maybe our corporate masters don't *want* high employment or rising wages.

Corporate profits are at some all time highs but I think you meant attack labor and invest in tech?

Quote:

Plus, perhaps "labor" sees it as more profitable to live a decent (but not great) life without work rather than scrounge by doing work? The higher education bubble is going to burst soon as well.

Quote:

I like how they switched over to citing "employment rates" from the previously cited "unemployment rates".

Mannyisthebest wrote:

Quote:

I like how they switched over to citing "employment rates" from the previously cited "unemployment rates".

That is because the unemployment rate has been twisted around by the fact such vast portions of the US population are no longer working...
Unemployment only looks at this who are unemployed looking for work while employment shows what % is actually working.

Imo it is important because here in Canada we have actually gained jobs net after the recession but for some strange reason the unemployment rate is higher and the employment rate is lower???

Why is that?

Simply put the 200 k or so jobs that get created each month that people celebrate is simply a drop in the bucket. Ever since 2008 employment growth has been low and has not even stayed with population growth.

During the Clinton and Reagan years well over 70% of the working age population was empoloyed and now its fallen to 63%.

Mannyisthebest wrote:

Put it increased during the Clinton years

During Bush 2 it slowly fell and has fallen by off a cliff since 2008.

Tell me how can anyone think a lower unemployment rate is anything to celebrate when its mostly caused by Americans not working anymore.

Tyler wrote:

...have you considered that our corporate masters don't WANT full employment?

Mannyisthebest wrote:

One cannot really blame Americans for that.

However I think people need to remember you cant create a social utopian state by having a smaller % of the population working.

If you look at the Northern European States they have well over 70% Employment rates.

To have a healthy country you need as many able bodied people working and not dependent on the govt.

Govt needs to stop soley helping people, but start to help people help themselves.

Author:	Mannyisthebest [ Tue Apr 09, 2013 4:07 pm ]
Post subject:	US Employment Rate at 34 year Low at 63.3%
http://www.cnbc.com/id/100618938 "Moreover, the drop in the jobless rate was little more than a statistical anomaly, with the labor-force participation rate tumbling to a 34-year low of 63.3 percent. " It appears the unemployment rate declining has little to do with much economic growth but the fact millions of people are no longer part of the labour force. Economic gains of 100-200k jobs a month are small in a country of 300 million. I think this is a very serious issue that needs to adressed. US employment levels were well over 70% during the 80's and 90's and have decline dramatically to the levels you see in places like France. With a increasing number of dependents and fewer people working and paying into these entitlements... I think there is a rather aminous future ahead. There is no point gloating about having a 6% unemployment rate when only 6/10 are working.

Author:	Chippy [ Wed Apr 10, 2013 1:19 pm ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
I'm gonna gloat anyway.

Author:	nghtvsn [ Thu Apr 11, 2013 12:22 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
There's no convincing these bush bots of anything. Everything is fine. If it weren't for the pesky thing called a Congress he'd be able to complete his vision. He's done a wonderful job! God Save the King!

Author:	Mannyisthebest [ Thu Apr 11, 2013 11:30 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
The point is not to say "haha Look Obama is bad" Its a sign that an economic malaise is forming across the country and if people on the left want to create a "socially just" society with more entitlements, you need to have more people working and paying taxes.

Author:	Chippy [ Thu Apr 11, 2013 12:40 pm ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
I'll get right on that.

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Author:	Tyler [ Mon Jul 08, 2013 5:25 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
You realize it's more profitable now in capitalism to attack labor than invest in tech, right? Maybe our corporate masters don't want high employment or rising wages.

Author:	Caius [ Wed Jul 10, 2013 11:40 pm ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Tyler wrote: You realize it's more profitable now in capitalism to attack labor than invest in tech, right? Maybe our corporate masters don't want high employment or rising wages. Corporate profits are at some all time highs but I think you meant attack labor and invest in tech? Plus, perhaps "labor" sees it as more profitable to live a decent (but not great) life without work rather than scrounge by doing work? The higher education bubble is going to burst soon as well.

Author:	Bradley Witherberry [ Thu Jul 11, 2013 6:50 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
I like how they switched over to citing "employment rates" from the previously cited "unemployment rates". Lovely little trick akin to how they mess with the size and number of sheets on toilet paper rolls.

Author:	Chippy [ Thu Jul 11, 2013 10:59 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Yay for twisting numbers!

Author:	Tyler [ Sat Jul 13, 2013 8:50 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Caius wrote: Tyler wrote: You realize it's more profitable now in capitalism to attack labor than invest in tech, right? Maybe our corporate masters don't want high employment or rising wages. Corporate profits are at some all time highs but I think you meant attack labor and invest in tech? No, I mean actually eat wages and benefits versus investing in labor-saving technology. The first one has been more profitable the last 30 years. I'll try and find the study. The mass of profits isn't the rate of profit either, which is what really matters. Quote: Plus, perhaps "labor" sees it as more profitable to live a decent (but not great) life without work rather than scrounge by doing work? The higher education bubble is going to burst soon as well. Erm...unemployment and welfare are limited. And yeah, PhD baristas are turning into a rule.

Author:	Tyler [ Sat Jul 13, 2013 8:53 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
That being said, wages being in terminal decline is going to have...interesting effects. In the Chinese sense.

Author:	Mannyisthebest [ Thu Jul 18, 2013 10:13 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Quote: I like how they switched over to citing "employment rates" from the previously cited "unemployment rates". That is because the unemployment rate has been twisted around by the fact such vast portions of the US population are no longer working... Unemployment only looks at this who are unemployed looking for work while employment shows what % is actually working. Imo it is important because here in Canada we have actually gained jobs net after the recession but for some strange reason the unemployment rate is higher and the employment rate is lower??? Why is that? Simply put the 200 k or so jobs that get created each month that people celebrate is simply a drop in the bucket. Ever since 2008 employment growth has been low and has not even stayed with population growth. During the Clinton and Reagan years well over 70% of the working age population was empoloyed and now its fallen to 63%.

Author:	Tyler [ Sat Jul 20, 2013 12:53 pm ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Neoliberalism brought a temporary boost in employment through a rise in profitability while slashing wages.

Author:	Mannyisthebest [ Wed Jul 24, 2013 7:43 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Lol if we are going to call the 80's and 90's a temp boost then Obama's temp boost with Keynesian economic was a big waste of money in comparison ^

Author:	Tyler [ Thu Jul 25, 2013 7:14 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
...I'm not defending Obama. Obama's part of practically the same paradigm. Demand-side Keynesianism while public employment got slashed. Krugmanian fairy dust isn't gonna help either because those colossal make-work projects being proposed in some quarters would be a giant drag on the surplus sending us right back into square one. There's a reason no reformism is politically viable and it's because high capital doesn't want it, especially something like full employment or wages rising permanently for the first time in 4 decades. Kalecki saw this 70 years ago and yet someone like Krugman doesn't get it despite apparently having read him. American capitalism's in terminal decline because it no longer replenishes the forces of production. Same in western Europe. It's reliant on rampant financial speculation and political stonewalling. Western wages will be falling forever and unemployment's probably permanently high within the current economic system. The country needs a revolution.

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Author:	Bradley Witherberry [ Thu Jul 25, 2013 9:51 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Mannyisthebest wrote: Quote: I like how they switched over to citing "employment rates" from the previously cited "unemployment rates". That is because the unemployment rate has been twisted around by the fact such vast portions of the US population are no longer working... Unemployment only looks at this who are unemployed looking for work while employment shows what % is actually working. Imo it is important because here in Canada we have actually gained jobs net after the recession but for some strange reason the unemployment rate is higher and the employment rate is lower??? Why is that? Simply put the 200 k or so jobs that get created each month that people celebrate is simply a drop in the bucket. Ever since 2008 employment growth has been low and has not even stayed with population growth. During the Clinton and Reagan years well over 70% of the working age population was empoloyed and now its fallen to 63%. OMG - - you're one of them!

Author:	Tyler [ Thu Jul 25, 2013 12:11 pm ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Wasn't workforce participation falling starting in the Bush I years?

Author:	Mannyisthebest [ Fri Sep 06, 2013 10:14 am ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Put it increased during the Clinton years During Bush 2 it slowly fell and has fallen by off a cliff since 2008. Tell me how can anyone think a lower unemployment rate is anything to celebrate when its mostly caused by Americans not working anymore.

Author:	ironmanbarry [ Fri Sep 06, 2013 12:12 pm ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Mannyisthebest wrote: Put it increased during the Clinton years During Bush 2 it slowly fell and has fallen by off a cliff since 2008. Tell me how can anyone think a lower unemployment rate is anything to celebrate when its mostly caused by Americans not working anymore. >>>>>>>>>>>>>>> Tell me how can anyone think a lower unemployment rate is anything to celebrate when its mostly caused by Americans not working anymore Except maybe the lazy freeloading Americans, who just want to give off the government freebie handoffs.

Author:	Mannyisthebest [ Fri Sep 06, 2013 3:35 pm ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
One cannot really blame Americans for that. However I think people need to remember you cant create a social utopian state by having a smaller % of the population working. If you look at the Northern European States they have well over 70% Employment rates. To have a healthy country you need as many able bodied people working and not dependent on the govt. Govt needs to stop soley helping people, but start to help people help themselves.

Author:	Chippy [ Fri Sep 06, 2013 3:36 pm ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
US Birth Rate at all time low.

Author:	Tyler [ Fri Sep 06, 2013 4:31 pm ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
...have you considered that our corporate masters don't WANT full employment?

Author:	ironmanbarry [ Fri Sep 06, 2013 4:59 pm ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Tyler wrote: ...have you considered that our corporate masters don't WANT full employment? Well Companies doing things to get out of obamacare are a great example of that. And can you blame them as it isn't he job of private companies to help out a f'ed up government or President.

Author:	ironmanbarry [ Fri Sep 06, 2013 5:01 pm ]
Post subject:	Re: US Employment Rate at 34 year Low at 63.3%
Mannyisthebest wrote: One cannot really blame Americans for that. However I think people need to remember you cant create a social utopian state by having a smaller % of the population working. If you look at the Northern European States they have well over 70% Employment rates. To have a healthy country you need as many able bodied people working and not dependent on the govt. Govt needs to stop soley helping people, but start to help people help themselves. First thing I heard on the local abc news ( ok chippy ) was the added comment on how many people feel off the labor wagon, in addition to this reduction.