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 nation’s social programs.
“What’s 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, we’ve overpromised.”
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.
http://www.federalreserve.gov/releases/h6/hist/h6hist1.txt
“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 can’t 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.
No.
http://www.bls.gov/cps/cps_htgm.htm
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