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(Some Guy)   Bureau of Labor Statistics says labor force is at a 35 year low, and could fall even further when the government realizes we don't really need a Bureau of Labor Statistics anymore   (marketoracle.co.uk) divider line 40
    More: Fail, Bureau of Labor Statistics, child custody, Diane Alter, U.S. Federal Reserve, securities laws  
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548 clicks; posted to Business » on 14 Nov 2013 at 8:54 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-11-14 08:35:46 AM  
Reagan: let us measure our success by how many people don't need government anymore.

Obama: let us measure our success by how many people depend on government for something.

The larger the pool of people not in the labor force, the more people there are depending on government.  And this isn't just because the population is larger now - this figure is the rate, in percentage terms:

The labor force participation rate continues to drop. It slipped to 62.8% from 63.2%, last month, the lowest read since March 1978.

This is an Obama success story right here.  This is what the Rush Limbaugh's were hoping Obama would fail it - we hoped Obama would fail at reducing the labor force participation rate.

Let us measure our success by how many people don't need disability anymore. Let us measure our success by how many people don't need Medicaid anymore.  Let us measure our success by how many people don't need food stamps anymore.  Since Obama took office, all of those programs have exploded.  The health care exchanges have already guided >400,000 new people to Medicaid.
 
2013-11-14 08:49:35 AM  
The BLS is too important to Wall Street. Any congressman who proposes getting rid of the BLS is going to wake up with a horse's head next to him.
 
2013-11-14 09:00:44 AM  
You guys should read this article on the sidebar.  It holds the key to your investment future in 2014.

Stock Market Forecast 2014 Crash or Rally? Drone Wars and the Nuclear Apocalypsehttp://www.marketoracle.co.uk/Article43068.html

Find out the best investments for the 2014 Drone War and share tips and techniques for profiting from the Nuclear Apocalypse.
 
2013-11-14 09:34:54 AM  

SlothB77: Reagan: let us measure our success by how many people don't need government anymore.

Obama: let us measure our success by how many people depend on government for something.

The larger the pool of people not in the labor force, the more people there are depending on government.  And this isn't just because the population is larger now - this figure is the rate, in percentage terms:

The labor force participation rate continues to drop. It slipped to 62.8% from 63.2%, last month, the lowest read since March 1978.

This is an Obama success story right here.  This is what the Rush Limbaugh's were hoping Obama would fail it - we hoped Obama would fail at reducing the labor force participation rate.

Let us measure our success by how many people don't need disability anymore. Let us measure our success by how many people don't need Medicaid anymore.  Let us measure our success by how many people don't need food stamps anymore.  Since Obama took office, all of those programs have exploded.  The health care exchanges have already guided >400,000 new people to Medicaid.




Large prison population, large number of kids going to college, stay at home moms contribute to a smaller work force, the Baby Boomers turning 65 and retiring from the work force

Also, illegal aliens are not included and they comprise 10-12 million according to Feds.

/18% of Food Stamps are spent at Walmart...so do you really think the Walton family is not in favor of expanding Food Stamps?
 
2013-11-14 09:36:55 AM  
 
2013-11-14 09:42:17 AM  
Is this the thread where we blame the president for the lack of hiring when companies are making record profits?
 
2013-11-14 10:01:50 AM  

Dusk-You-n-Me: November 8: The U.S. labor force is still shrinking. Here's why.


1. The aging of America

It has been known and expected since at least the 1970s that the labor participation rate was going to drop through the floor between 2010 and 2040. Why this comes as a shock to anyone (as it apparently has to the joker who wrote the initial comment in this thread) is a mystery to me.

2. The bad economy is keeping workers in school and out of the labor force

Fifty years ago a man with an 8th grade education could find a family supporting job and now that's not possible. Lots of people are simply never going to be of any value in the labor market of 21st century America. I don't know that this is a fixable problem.

3. More workers are going on disability insurance

TFA actually disproves this claim. Maybe somebody should see if this is associated with the aging of the labor force anyway.
 
2013-11-14 10:12:19 AM  

SlothB77: Reagan: let us measure our success by how many people don't need government anymore.

Obama: let us measure our success by how many people depend on government for something.

The larger the pool of people not in the labor force, the more people there are depending on government.  And this isn't just because the population is larger now - this figure is the rate, in percentage terms:

The labor force participation rate continues to drop. It slipped to 62.8% from 63.2%, last month, the lowest read since March 1978.

This is an Obama success story right here.  This is what the Rush Limbaugh's were hoping Obama would fail it - we hoped Obama would fail at reducing the labor force participation rate.

Let us measure our success by how many people don't need disability anymore. Let us measure our success by how many people don't need Medicaid anymore.  Let us measure our success by how many people don't need food stamps anymore.  Since Obama took office, all of those programs have exploded.  The health care exchanges have already guided >400,000 new people to Medicaid.


Meah I blame Boehner and the House Republicans for their laser like focus on jobs. Too bad it was a laser to the eyes making them blind. How many bills have they brought to a vote that would create jobs, create incentives to create jobs, or just expand government works projects which create jobs? Oh yeah 0.

The president is only one man, the House is 435 people last I checked there were 231 Republicans we could blame for this mess.
 
2013-11-14 10:12:30 AM  

sendtodave: Is this the thread where we blame the president for the lack of hiring when companies are making record profits?


No, this is the thread where we point out that Fartbama's stated goal for America is 100% unemployment.
 
2013-11-14 10:35:21 AM  

Pants full of macaroni!!: sendtodave: Is this the thread where we blame the president for the lack of hiring when companies are making record profits?

No, this is the thread where we point out that Fartbama's stated goal for America is 100% unemployment.


I was always surprised he got reelected on that platform, but here we are.
 
2013-11-14 10:38:00 AM  

Slaves2Darkness: SlothB77: Reagan: let us measure our success by how many people don't need government anymore.

Obama: let us measure our success by how many people depend on government for something.

The larger the pool of people not in the labor force, the more people there are depending on government.  And this isn't just because the population is larger now - this figure is the rate, in percentage terms:

The labor force participation rate continues to drop. It slipped to 62.8% from 63.2%, last month, the lowest read since March 1978.

This is an Obama success story right here.  This is what the Rush Limbaugh's were hoping Obama would fail it - we hoped Obama would fail at reducing the labor force participation rate.

Let us measure our success by how many people don't need disability anymore. Let us measure our success by how many people don't need Medicaid anymore.  Let us measure our success by how many people don't need food stamps anymore.  Since Obama took office, all of those programs have exploded.  The health care exchanges have already guided >400,000 new people to Medicaid.

Meah I blame Boehner and the House Republicans for their laser like focus on jobs. Too bad it was a laser to the eyes making them blind. How many bills have they brought to a vote that would create jobs, create incentives to create jobs, or just expand government works projects which create jobs? Oh yeah 0.

The president is only one man, the House is 435 people last I checked there were 231 Republicans we could blame for this mess.


What can they do, anyway?

Introduce a jobs bill that is essentially "tax companies less?"

Woo.
 
2013-11-14 10:53:43 AM  
It's almost as though an unusually large number of people born about 65 years ago are now retiring in large numbers.
 
2013-11-14 10:54:41 AM  
I bet the unemployed sure hope for some change sometime soon!
 
2013-11-14 11:01:47 AM  

sendtodave: Slaves2Darkness: SlothB77: Reagan: let us measure our success by how many people don't need government anymore.

Obama: let us measure our success by how many people depend on government for something.

The larger the pool of people not in the labor force, the more people there are depending on government.  And this isn't just because the population is larger now - this figure is the rate, in percentage terms:

The labor force participation rate continues to drop. It slipped to 62.8% from 63.2%, last month, the lowest read since March 1978.

This is an Obama success story right here.  This is what the Rush Limbaugh's were hoping Obama would fail it - we hoped Obama would fail at reducing the labor force participation rate.

Let us measure our success by how many people don't need disability anymore. Let us measure our success by how many people don't need Medicaid anymore.  Let us measure our success by how many people don't need food stamps anymore.  Since Obama took office, all of those programs have exploded.  The health care exchanges have already guided >400,000 new people to Medicaid.

Meah I blame Boehner and the House Republicans for their laser like focus on jobs. Too bad it was a laser to the eyes making them blind. How many bills have they brought to a vote that would create jobs, create incentives to create jobs, or just expand government works projects which create jobs? Oh yeah 0.

The president is only one man, the House is 435 people last I checked there were 231 Republicans we could blame for this mess.

What can they do, anyway?

Introduce a jobs bill that is essentially "tax companies less?"

Woo.


Well they could introduce a stimulus bill that creates jobs, they could tax cash, or raise interest rates.
A 10 year 3 trillion dollar infrastructure bill to rebuild roads, bridges, water treatment facilities, sewage facilities, etc... would perk this economy right up.

On the other hand firms and individuals are sitting on mountains of cash, because the opportunity cost of holding cash is significantly lower than the opportunity cost of using that cash to purchase land, investments or capital. Placing a 25% tax on any person or firm holding more than 10 billion dollars in cash would force firms like Apple, Google, etc... to purchase land, investments or capital.

If taxing cash seems too heinous for you, they could raise the borrowing limit to allow the Federal Reserve to fire up the cash printing presses. As more cash is injected directly into the economy inflation will rise, inflation is the enemy of holding cash. This will raise the opportunity cost of holding cash in encourage firms and individuals to purchase land, capital or investments.

The problem we have right now is like the problem we had in the late 70's and early 80's with the velocity of cash slowed to a crawl, but unlike then the cash is not tied up in the government, inflation is not running rampant, and interest rates are not usury. The cash that is available is tied up with individuals and firms. To get this economy growing at a good rate and get people back to work that cash must be forced out of savings accounts of the 1%ers and into the economy so it can be put to work.
 
2013-11-14 11:04:28 AM  

rumpelstiltskin: The BLS is too important to Wall Street. Any congressman who proposes getting rid of the BLS is going to wake up with a horse's head next to him.


The BLS is an amazingly professional and politics-free organization, to be working with such politically charged numbers.

It's been a while since I followed their work closely, but I recall being impressed at their integrity in keeping the numbers comparable over the decades as society and the information at hand changes.  When you get into the details, that is a difficult and intricate problem, particularly when you can't give a reasonable person a reason to believe that politics motivate any change that's made.
 
2013-11-14 11:10:32 AM  
These numbers are as washed and bleached as the inflation numbers.

Meaningless.
We're in a functional depression.
Unemployment is high and so is inflation.
 
2013-11-14 11:17:38 AM  

Slaves2Darkness: sendtodave: Slaves2Darkness: SlothB77: Reagan: let us measure our success by how many people don't need government anymore.

Obama: let us measure our success by how many people depend on government for something.

The larger the pool of people not in the labor force, the more people there are depending on government.  And this isn't just because the population is larger now - this figure is the rate, in percentage terms:

The labor force participation rate continues to drop. It slipped to 62.8% from 63.2%, last month, the lowest read since March 1978.

This is an Obama success story right here.  This is what the Rush Limbaugh's were hoping Obama would fail it - we hoped Obama would fail at reducing the labor force participation rate.

Let us measure our success by how many people don't need disability anymore. Let us measure our success by how many people don't need Medicaid anymore.  Let us measure our success by how many people don't need food stamps anymore.  Since Obama took office, all of those programs have exploded.  The health care exchanges have already guided >400,000 new people to Medicaid.

Meah I blame Boehner and the House Republicans for their laser like focus on jobs. Too bad it was a laser to the eyes making them blind. How many bills have they brought to a vote that would create jobs, create incentives to create jobs, or just expand government works projects which create jobs? Oh yeah 0.

The president is only one man, the House is 435 people last I checked there were 231 Republicans we could blame for this mess.

What can they do, anyway?

Introduce a jobs bill that is essentially "tax companies less?"

Woo.

Well they could introduce a stimulus bill that creates jobs, they could tax cash, or raise interest rates.
A 10 year 3 trillion dollar infrastructure bill to rebuild roads, bridges, water treatment facilities, sewage facilities, etc... would perk this economy right up.

On the other hand firms and individuals are sitting on mountains of cash, because the opportunity cost of holding cash is significantly lower than the opportunity cost of using that cash to purchase land, investments or capital. Placing a 25% tax on any person or firm holding more than 10 billion dollars in cash would force firms like Apple, Google, etc... to purchase land, investments or capital.

If taxing cash seems too heinous for you, they could raise the borrowing limit to allow the Federal Reserve to fire up the cash printing presses. As more cash is injected directly into the economy inflation will rise, inflation is the enemy of holding cash. This will raise the opportunity cost of holding cash in encourage firms and individuals to purchase land, capital or investments.

The problem we have right now is like the problem we had in the late 70's and early 80's with the velocity of cash slowed to a crawl, but unlike then the cash is not tied up in the government, inflation is not running rampant, and interest rates are not usury. The cash that is available is tied up with individuals and firms. To get this economy growing at a good rate and get people back to work that cash must be forced out of savings accounts of the 1%ers and into the economy so it can be put to work.


Oh, no, no... I mean, those ideas all have merit, but I was specifically asking what *Republicans* could do regarding a jobs bill...

Which is not any of those things. Because those things aren't "lower taxes."

Sorry for the confusion.
 
2013-11-14 11:19:02 AM  

impaler: Pants full of macaroni!!: sendtodave: Is this the thread where we blame the president for the lack of hiring when companies are making record profits?

No, this is the thread where we point out that Fartbama's stated goal for America is 100% unemployment.

I was always surprised he got reelected on that platform, but here we are.


Well, he *did* promise phones to everybody who voted for him.  Plus, that rhythmic beat from those bongo farts was truly hypnotic.
 
2013-11-14 11:20:41 AM  
Department of made up numbers.
 
2013-11-14 11:34:05 AM  
So basically as the population ages, the amount of people retired goes up as a fraction of the population. Shocking, has anyone been warned about this heretofore unknown phenomenon?
 
2013-11-14 11:45:47 AM  

steveGswine: The BLS is an amazingly professional and politics-free organization, to be working with such politically charged numbers.

It's been a while since I followed their work closely, but I recall being impressed at their integrity in keeping the numbers comparable over the decades as society and the information at hand changes.  When you get into the details, that is a difficult and intricate problem, particularly when you can't give a reasonable person a reason to believe that politics motivate any change that's made.


HotIgneous Intruder: These numbers are as washed and bleached as the inflation numbers.

Meaningless.
We're in a functional depression.
Unemployment is high and so is inflation.


One of these two is an informed comment. The other is someone that doesn't like the value of certain numbers reported by the BLS, and doesn't have the intellectual maturity to accept them.
 
2013-11-14 12:31:38 PM  

Slaves2Darkness: SlothB77: Reagan: let us measure our success by how many people don't need government anymore.

Obama: let us measure our success by how many people depend on government for something.

The larger the pool of people not in the labor force, the more people there are depending on government.  And this isn't just because the population is larger now - this figure is the rate, in percentage terms:

The labor force participation rate continues to drop. It slipped to 62.8% from 63.2%, last month, the lowest read since March 1978.

This is an Obama success story right here.  This is what the Rush Limbaugh's were hoping Obama would fail it - we hoped Obama would fail at reducing the labor force participation rate.

Let us measure our success by how many people don't need disability anymore. Let us measure our success by how many people don't need Medicaid anymore.  Let us measure our success by how many people don't need food stamps anymore.  Since Obama took office, all of those programs have exploded.  The health care exchanges have already guided >400,000 new people to Medicaid.

Meah I blame Boehner and the House Republicans for their laser like focus on jobs. Too bad it was a laser to the eyes making them blind. How many bills have they brought to a vote that would create jobs, create incentives to create jobs, or just expand government works projects which create jobs? Oh yeah 0.

The president is only one man, the House is 435 people last I checked there were 231 Republicans we could blame for this mess.


When Obama is President, he is merely one man, but Bush was a dictator directly responsible for all in the country?  I remember you having that stance. Maybe Obama is a weak leader, in addition to be incompetent.
 
2013-11-14 12:57:18 PM  

xria: So basically as the population ages, the amount of people retired goes up as a fraction of the population. Shocking, has anyone been warned about this heretofore unknown phenomenon?


Only if the population does not expand or like in Japan shrinks.

Birth control is obviously to blame.
 
2013-11-14 02:07:12 PM  

Nemo's Brother: When Obama is President, he is merely one man, but Bush was a dictator directly responsible for all in the country?  I remember you having that stance. Maybe Obama is a weak leader, in addition to be incompetent.


You're really gonna compare the No-to-everything Republican-controlled House under Obama to the Democratic we'll-move-an-inch-to-say-we-compromised Congress (don't recall if they controlled both houses, so forgive my ignorance) under Bush?

False equivalency is false.

/I'm trying to find that new gif that shows how Congress has split like mitosis. . . aha!
http://news.yahoo.com/the-splitting-of-the-senate--now-in-convenient -g if-form-213908185.html
 
2013-11-14 02:45:36 PM  

SlothB77: Reagan: let us measure our success by how many people don't need government anymore.

Obama: let us measure our success by how many people depend on government for something.

The larger the pool of people not in the labor force, the more people there are depending on government.  And this isn't just because the population is larger now - this figure is the rate, in percentage terms:

The labor force participation rate continues to drop. It slipped to 62.8% from 63.2%, last month, the lowest read since March 1978.

This is an Obama success story right here.  This is what the Rush Limbaugh's were hoping Obama would fail it - we hoped Obama would fail at reducing the labor force participation rate.

Let us measure our success by how many people don't need disability anymore. Let us measure our success by how many people don't need Medicaid anymore.  Let us measure our success by how many people don't need food stamps anymore.  Since Obama took office, all of those programs have exploded.  The health care exchanges have already guided >400,000 new people to Medicaid.


This.
We have more people on entitlement programs than ever before. Obamacare was supposed to help people purchase private insurance. Instead, we've seen an explosion in the Medicaid population, while fewer doctors are accepting Medicaid patients. So now we have more people on government healthcare with no doctor. Explain how this is supposed to help poor people.
Now the president is backpedaling on his signature plan and allowing people to get their old plans back that don't meet the AHA criteria. Hopefully soon we'll see an end to this catastrophe
 
2013-11-14 03:06:38 PM  

Heel It Down The Drain: Hopefully soon we'll see an end to this catastrophe


Has to start at the top. We have to do a major redistribution of wealth, and we have to do it soon.

Convince Warren Buffet to send a check to the government for half his wealth, and then repeat ad nauseum.

/thought experiment: Raise taxes to more reasonable levels. In response, most of the top 5% of wealth holders in the country leave and renounce US citizenship, taking their money with them. What's the result back home? They weren't spending money here anyway, not getting taxes we didn't have anyway is a push. . . Would we get drops in prices??
//ooh, exporting the capitalists. Now THERE's a way to ruin the rest of the world. Fark bombs. We can cause amazing economic sabotage just by exporting people and culture. . .

I think we're farked. . . .
 
2013-11-14 04:03:50 PM  

pdieten: Dusk-You-n-Me: November 8: The U.S. labor force is still shrinking. Here's why.

1. The aging of America

It has been known and expected since at least the 1970s that the labor participation rate was going to drop through the floor between 2010 and 2040. Why this comes as a shock to anyone (as it apparently has to the joker who wrote the initial comment in this thread) is a mystery to me.

2. The bad economy is keeping workers in school and out of the labor force

Fifty years ago a man with an 8th grade education could find a family supporting job and now that's not possible. Lots of people are simply never going to be of any value in the labor market of 21st century America. I don't know that this is a fixable problem.

3. More workers are going on disability insurance

TFA actually disproves this claim. Maybe somebody should see if this is associated with the aging of the labor force anyway.


2 is actually easy to fix if you don't mind actually working.

Many trades pay big bucks with little education. Wood and metal working, especially welding, can really pay. The problem is getting people into trades.
 
2013-11-14 04:44:46 PM  

Nemo's Brother: Slaves2Darkness: SlothB77: Reagan: let us measure our success by how many people don't need government anymore.

Obama: let us measure our success by how many people depend on government for something.

The larger the pool of people not in the labor force, the more people there are depending on government.  And this isn't just because the population is larger now - this figure is the rate, in percentage terms:

The labor force participation rate continues to drop. It slipped to 62.8% from 63.2%, last month, the lowest read since March 1978.

This is an Obama success story right here.  This is what the Rush Limbaugh's were hoping Obama would fail it - we hoped Obama would fail at reducing the labor force participation rate.

Let us measure our success by how many people don't need disability anymore. Let us measure our success by how many people don't need Medicaid anymore.  Let us measure our success by how many people don't need food stamps anymore.  Since Obama took office, all of those programs have exploded.  The health care exchanges have already guided >400,000 new people to Medicaid.

Meah I blame Boehner and the House Republicans for their laser like focus on jobs. Too bad it was a laser to the eyes making them blind. How many bills have they brought to a vote that would create jobs, create incentives to create jobs, or just expand government works projects which create jobs? Oh yeah 0.

The president is only one man, the House is 435 people last I checked there were 231 Republicans we could blame for this mess.

When Obama is President, he is merely one man, but Bush was a dictator directly responsible for all in the country?  I remember you having that stance. Maybe Obama is a weak leader, in addition to be incompetent.


Ohhh, ohhh, I know this one. The difference is that the Democrats fell in line and went along with whatever the fark Bush wanted. The reason Bush gets blamed is because he set the policies of low taxes, war, torture and outright fraudulent accounting. The entire congress fell in behind Bush lock step.

As for Obama being a weak leader, well he did get health care reform passed and managed to prevent the Republicans from wrecking the economy, twice. Has managed to get Iran to the bargaining table, killed Osama Bin Laden, etc... all the while having a hostile congress.

It's like you don't even understand how government works. I'd blame Obama more if the Democrats controlled congress and the Republicans rolled over for him, but that is not what is happening. What I do blame Obama for is the disastrous health care roll out. He needs to fire biatches in his cabinet over that shiat. He set the policy, he should have been in control of who was managing the creation of the tools necessary to oversee that policy.
 
2013-11-14 04:46:13 PM  

MouserMusing: Department of made up numbers that I will cite to prove 0bama sucks


FTFY
 
2013-11-14 04:58:37 PM  

Slaves2Darkness: It's like you don't even understand how government works. I'd blame Obama more if the Democrats controlled congress and the Republicans rolled over for him, but that is not what is happening. What I do blame Obama for is the disastrous health care roll out. He needs to fire biatches in his cabinet over that shiat. He set the policy, he should have been in control of who was managing the creation of the tools necessary to oversee that policy.


Oy, you were doing so well.

I completely agree with you on the GOOD Obama has done as a leader. His foreign policy is spot one, I'd kinda like him to be a little less trigger happy on the drones, but it's better than having two wars in the desert off the books. He's done very good (directly or indirectly, I don't care) for LGBT rights, he got Obamacare (the shiatstorm it is) passed. We also have managed to stave off SOPA, and I think Monsanto lost its protection, so we corrected that nonsense. On the other hand, we have the NDAA, the NSA, the continued use of the PATRIOT Act, and his complete backstabbing on pot legalization.

However, the WEBSITE rollout is not his fault. You really have to look a little closer for that one. The Republicans held up the law for years in legislation, and they couldn't fund any prep for the roll out until the law cleared legislation, which IIRC was mid-2012. You have a year and a half to get funding for and then plan and then develop a website to handle 330 million people? Good luck. I don't know a private company that could get that shiat right, much less gov't with its guano loco bidding practices. The roll out does not sit on Obama's lap; his lack of leadership from the moment he started handing out delays does. It suggests a lack of faith in what he's doing, and it makes him look weak. He needs to believe in the people working for him, not fire them. He needs to dare Congress to work together to fix this, and do it fast. And then he needs to let them do it.
 
2013-11-14 05:09:27 PM  
Part of the problem is that a lot of schools have discarded vocational tech classes. Not only do kids not have basic skills, they don't even KNOW that there are good jobs out there that you can get with a two-year degree.

I just sat in on a meeting last week where local manufacturing engineering managers were talking about how desperate they are for workers. Too many people just don't know that they'll start you at 16-17 dollars per hour as a trainee, then move you to 20 as a beginning technician (in the midwest, that's pretty damn good).

Think of all the people working retail for half that because they don't know what to do for a career.
 
2013-11-14 05:19:28 PM  

impaler: steveGswine: The BLS is an amazingly professional and politics-free organization, to be working with such politically charged numbers.

It's been a while since I followed their work closely, but I recall being impressed at their integrity in keeping the numbers comparable over the decades as society and the information at hand changes.  When you get into the details, that is a difficult and intricate problem, particularly when you can't give a reasonable person a reason to believe that politics motivate any change that's made.

HotIgneous Intruder: These numbers are as washed and bleached as the inflation numbers.

Meaningless.
We're in a functional depression.
Unemployment is high and so is inflation.

One of these two is an informed comment. The other is someone that doesn't like the value of certain numbers reported by the BLS, and doesn't have the intellectual maturity to accept them.


And someone has the intellectual acumen to understand how the number are derived.
 
2013-11-14 05:21:33 PM  

HotIgneous Intruder: And someone has the intellectual acumen to understand how the number are derived.


Not you though.
 
2013-11-14 07:52:59 PM  
If only there was a way to spur demand through spending from the government when the private sector begins to slack.
 
2013-11-14 08:54:09 PM  
Considering how little control Congress and the White House have over these numbers, it seems strange to turn each of these threads into a political flamewar.

TedCruz'sCrazyDad:
Large prison population, large number of kids going to college, stay at home moms contribute to a smaller work force, the Baby Boomers turning 65 and retiring from the work force

Also, illegal aliens are not included and they comprise 10-12 million according to Feds.

/18% of Food Stamps are spent at Walmart...so do you really think the Walton family is not in favor of expanding Food Stamps?


While I'm not disagreeing with your point, I am a little curious about something.  Stay at home moms aren't exactly a new phenomenon.  Unless the number of stay at home moms have been increasing recently, Why would this contribute to new lows in the labor participation rate when they would have never been included anyways during that time-frame?

HotIgneous Intruder: These numbers are as washed and bleached as the inflation numbers.

Meaningless.
We're in a functional depression.
Unemployment is high and so is inflation.


If you're going to make a claim like this, you have to back it up.  Why do you think these numbers are washed and were in a depression?
 
2013-11-14 08:54:57 PM  

llortcM_yllort: While I'm not disagreeing with your point, I am a little curious about something.  Stay at home moms aren't exactly a new phenomenon.  Unless the number of stay at home moms have been increasing recently, Wwhy would this contribute to new lows in the labor participation rate when they would have never been included anyways during that time-frame?


 FTFM
 
2013-11-14 10:11:53 PM  
I'm not sure how I ended up in this thread, but since I'm here does anyone have any stock advice?
 
2013-11-14 11:55:49 PM  

Orgasmatron138: Part of the problem is that a lot of schools have discarded vocational tech classes. Not only do kids not have basic skills, they don't even KNOW that there are good jobs out there that you can get with a two-year degree.

I just sat in on a meeting last week where local manufacturing engineering managers were talking about how desperate they are for workers. Too many people just don't know that they'll start you at 16-17 dollars per hour as a trainee, then move you to 20 as a beginning technician (in the midwest, that's pretty damn good).

Think of all the people working retail for half that because they don't know what to do for a career.


But what kind of work is it? I mean, they may be short of workers because the work itself is too physically demanding/dangerous/smelly/whatever.
 
2013-11-15 02:13:50 AM  

SlothB77: The larger the pool of people not in the labor force, the more people there are depending on government.


No, some of us dropped out of the labor force because employers have gone insane with what they expect from employees and what they're willing to pay for it. I don't get food stamps or unemployment. I still pay property and sales tax. But yes, I don't pay regular income tax. A bit on some interest income and investments but not too much. I dropped out of the labor market and will stay out until companies learn that 40 hour weeks should  be the rule, not the exception. That you can't cut half your workforce and expect the other half to produce the same output. That vacation time has to actually be redeemable for actual time off instead of being another ignored number in an HR database.

My lifestyle is much simpler than it was when I was working. I'm ok with that. I refuse to be held hostage at a job I hate with no free time to do anything other than my apparent patriotic duty to spend money at the mall. I doubt I'm the only one. I feel  terrible for  those who either through bad choices or through  circumstance aren't able to willingly drop out of the labor market but there are plenty of us who can and have done it. If the business world wants us back doing work in their offices and spending money on their products, they're going to have to learn to treat us like humans.

So no, everyone who drops out of the labor market is not a welfare queen. Sorry to mess up your grade school narrative. Some of us have choices and the ability to pay for them with our own money. And some of us have used that ability to give the labor market the finger.
 
2013-11-15 10:43:31 AM  

libranoelrose: I'm not sure how I ended up in this thread, but since I'm here does anyone have any stock advice?


Ignore everyone else's advice and do your own research.

I read Peter Lynch's One Up On Wall Street and Beat the Street books; I'll probably pocket about 40% gains this year.

/would have been higher but the damn shutdown spooked me
//yes, occasionally I forget to take even my own advice
 
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