Skip to comments.USAT: More Americans leaving workforce
Posted on 04/14/2011 8:43:31 AM PDT by quesney
the share of the population that is working fell to its lowest level last year since women started entering the workforce in large numbers three decades ago, a USA TODAY analysis finds.
Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983 and down from a peak of 49.3% in 2000. Last year, just 66.8% of men had jobs, the lowest on record. The bad economy, an aging population and a plateau in women working are contributing to changes that pose serious challenges for financing the nations social programs.
Whats wrong with the economy may be speeding up trends that are already happening, says Marc Goldwein, policy director of the Committee for a Responsible Federal Budget, a non-partisan group favoring smaller deficits.
For example, job troubles appear to have slowed a trend of people working later in life, putting more pressure on Social Security, he says.
Another change: the bulk of those not working has shifted from children to adults.
In 2000, the nation had roughly the same number of children and non-working adults. Since then, the population of non-working adults has grown 27 million while the nation added just 3 million children under 18.
Other key findings:
Men leave. Working-age men have been dropping out of the labor force for decades. The disappearance quickened when construction and manufacturing jobs vanished in the recession from December 2007 through June 2009. Until the 1960s, more than 80% of men worked.
Women stay. The trend of women getting jobs offset the loss of working men until the late 1990s. The share of women holding jobs rose from 36% in 1960 to 57% in 1995, then leveled off. The rate was 56% in 2010.
No matter how wealthy you are, you have a problem if half the population is not working and depending on those who are, says John Goodman, president of the conservative National Center for Policy Analysis. Wherever you look, weve overpromised.
Do not overlook the Black Market. In failed socialism it grows.
Galt’s Gulch is gittin’ a mighty crowded!
Heres how libs plan to bring the unemployment rate down: Keep taking people out of the workforce and “seasonally” add in 100,000 fantasy jobs every month.
If this can be maintained until the 2012 elections, the unemployment rate will be 0% and nobody will have a job!...Liberal Heaven for Democrats!
I smell 8.7%
OH...must be Bush's fault. Yeah right!
“Galts Gulch is gittin a mighty crowded!”
I think the American people on workman’s comp. are so well paid by the gubmint that they refuse to apply for the myriad of jobs being offered around here. 30 years ago the colleges were teaching how to live off the system. I guess they’re still doing it. Besides Gubmint jobs pay so much better than the private sector!
And how many of them will, also, become permanent voters for leftists that weren’t before?
Obama’s solution to this? Tax those that are still working more heavily.
“Do not overlook the Black Market. In failed socialism it grows.”
Very true. We are a heating/air/plumbing/electrical contractor, and we have noticed a HUGE increase in cash payments or trades. I have been offered coin collections, used cars, motorcycles, exchange of service, I have had people offer to work for me for a set period of time for free, etc in exchange for work done or parts etc.
As I am not a pawn-broker, and I really have no idea of the value of some items (such as the coin collection offered over the winter for a new furnace), I tend to turn the offer down, and refer the customers to our bank, which offers financing, but our bank is getting very particular about who they finance at this time, so I may in the future, have to start accepting chickens and goats as payment for services rendered...
Per the chart on this article, only 37.3% of California residents are working. A huge percentage of those work for GOVERNMENT, and produce nothing.
They are down to 20-25% of the population trying to support the other 75-80%. We have already crossed the Rubicon, I fear.
It’s fast coming down to the the takers/parasites/users vs. a small minority of the productive.
Pretty good timing for the release of “Atlas Shrugged Part 1”. I’m thinking that it will start slowly but become a huge box office hit, and the media will ignore it.
All by design.....
Just because they don’t have ‘jobs’ doesn’t mean they’re not working. Check the bulletin board at 7-11 for their business cards.
My thought...more people will be working under the radar trying to keep more money from going to the government. We won’t be able to do that with more financial reporting to the government.
I wish that God would zap all the Democrats in Washington, DC!
I saved $50 off of a $240 plumbing job ~1 month ago by paying cash. Worked for me, worked for him.
If the coins are silver or gold, pending on what denomination they are, they might be worth it just for their melt value. Buy a coin book or two, they're cheap enough, and it might be worth it for you to take coins.
RE: Chickens and goats. Reminds me of “Little House on the Prairie” when people used to pay Doc Baker with chickens and apples and such.
Ain't progress grand?!?!
Try to get a license to sell your catch after a day of fishin in Florida now. After years of RINO government ya can’t do it. Even just to help with your gas tax bill.
Sarasota just passed a law to allow raising chickens in your back yard. Maybe they see to Obamacare Monster on the way. Obviously it will not be stopped by the GOP.
Really and really? WTH??? Can’t sell fish? Ridiculous!
The chickens thing must be catching on, ‘cause I drive by a couple houses on the People’s Republic of Cambridge and they have chickens running around.
Somehow I don't think its the Galt's Gulch crowd leaving the workforce. More like Peggy Joseph crowd.
Change. Change we can BELIEVE in!
“Do not overlook the Black Market. In failed socialism it grows.”
Exactly. I’m wondering how much of the economy is shifting to off-the-books. Not like you can mail out a census form to ask folks.
Interesting statistics that are generally not reported are that tax revenues have been increasing over the last year. That doesn’t wash with what we’re seeing on the employment front. Even more interesting is the M1 versus M2 money supply since Jan 2008. M1 has gone UP by 39% vice 19% for M2. So where is all that currency going?
Things that make you go hmmmmmmm.
Oh, in case y’all are interested, here is where you can see money supply figures. I use the not seasonally adjusted. Feel free to check my math.
“Somehow I don’t think its the Galt’s Gulch crowd leaving the workforce. More like Peggy Joseph crowd.”
I respectfully disagree.
“Per the chart on this article, only 37.3% of California residents are working.”
That simply doesn’t wash.
That's called bartering income, and it *is* taxable as self-employment or business income. That said, the tax is as easy to collect as sales and use taxes on out-of-state and Internet purchases.
The Baraqqis added 17 million to the food stamp ranks in their first 2 years in office.
I’m sure they consider this a huge accomplishment.
They are not leaving the work force. They are the unemployed that have run out of unemployment benefits.
That is why the unemployment numbers are dropping, because when people run out of unemployment benefits, they stop filing, so they are no longer counted as unemployed or being in the workforce.
This will be the defining issue going forward for this country. The issue will be just how big the federal government will be allowed to get or will people demand it shrink down to a more manageable level.
Morris had an interesting point regarding Obama the other night. He stated that the FedGov has gotten larger through deficit spending. Now Obama will look to tax increases to make that enlargement permanent despite all his buzzwords for cutting the deficit. If he is allowed to increase taxes, the game is over.
“Try to get a license to sell your catch after a day of fishin in Florida now. After years of RINO government ya cant do it. Even just to help with your gas tax bill.”
You’re assuming that those selling are bothering to get a license to do so.
If they don’t get a license the state has vast fleets of useless marine patrol to check your paperwork and in general harass boaters.
Yeah, I thought the “leaving the workforce” was a strange, pro-Obama slant to the headline, too.
Ha. I left his year, at least temporarily for a couple of years. Why work in a miserable stressful job, get socked in taxes, only to come home to face my stressed out husband and messy house? Now I stay home, take care of things, pay less in taxes, and it seems we have about the same amount of spending power as when I worked. My stress has abated significantly. I may be poorer, but I feel better.
Plus, it is a seriously nasty work environment out there — people are just jerks, and I really don’t want to spend my precious years trying to deal with them and have them tear down my good mood on a daily basis.
I am also lucky to have a wonderfully hard working spouse I can rely on.
It cannot be saved!!!! I wish it could but the old system has collapsed already, all the hubbub is about the refusal to recognize that fact. It all reminds me of the opening episode of a long ago nightime soap opera, “Flamingo Road”. Morgan Fairchild played the daughter of a wealthy man on the skids and they were at a horse auction where Morgan insists that her father should buy a certain horse for her. He makes the winning bid of something like twenty five thousand and his wife looks at him with disdain and asks how he can do that when they are already so far in debt. He replies, “Honey, we owe so much already, what difference does another twenty five thousand make?”
That is America, the games will continue as long as the pretense can be maintained, when it finally becomes impossible to pretend any longer then chaos begins.
Ah, but everyone will have a fantasy job, paying a fantasy six figure salary and buying fantasy mansions and eating fantasy ribeye.
The basic concepts involved in identifying the employed and unemployed are quite simple:
To summarize, employed persons are:
Unemployed persons are:
Yeah, you will probably have to consider it.
You are already giving up 3% of your profit if your customer pays with a credit card, if you have not factored in that 3% before you quoted the price.
That rate is going to rise to 4%.
I always offer to pay by check, simply as a courtesy, to save my supplier the 3% credit card processing fee.
Banks are offering 1% “kickbacks” to large government agencies, to use credit cards for payments, instead of net 30 terms.
Pretty soon, smart people are going to demand a 4% payment discount for cash purchases.
If you are a large contractor, you generally don’t make margins greater than 3-5% in profit, on the “huge” bid contracts that keep your employees employed, and allow you to purchase supplies at steep discounts, so you can make a few more percentage points of profit on all your smaller contracts.
Say you bid on a specific project and were awarded it, for a customer you have worked with/for many years, who has a “net 30 day” account.
They call you on day 30, and tell you they are paying their $100,000.00 invoice(s) via a credit card... you just lost $3000.00 (soon to be $4000.00).
Legally, you can not refuse to accept their credit card.
Have a nice day!
My wife works part-time, with summers off (because our kids are out of school); it is less money, but they’re not being raised by strangers. The difference is not as big as some people may think; we feel it, but luckily can get by. I’ve got to put up with a lot at my job, but it’s worth it.