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The odds you’ll join the ranks of the long-term unemployed
Washington Post ^ | 05/18/2014 | Matt O'Brien

Posted on 05/18/2014 6:48:38 PM PDT by SeekAndFind

Long-term unemployment is a terrifying trap that, even in the best of times, is difficult to escape. And it's a trap that you can get stuck in for no reason other than bad luck.

Today, there are still almost 3.5 million people who have been out of work for six months or longer and are looking for work. There isn't a more urgent crisis, and there are three things you should keep in mind about it.

1. As former CEA Chair Alan Krueger found, the long-term unemployed aren't much different from the short-term unemployed. They're a little older and more of them are African-Americans, but they're just about as educated and work in the same industries as everyone else who's trying to find a job.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: jobs; unemployment
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1 posted on 05/18/2014 6:48:38 PM PDT by SeekAndFind
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To: SeekAndFind

The really striking thing about having a black, very liberal prez is that stories of hunger, homelessness, etc. are suddenly much less popular.

The caterwauling will re-start a single microsecond after a real conservative (or even a liberal one) is elected Prez.


2 posted on 05/18/2014 6:52:41 PM PDT by gaijin
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To: SeekAndFind

3 posted on 05/18/2014 6:54:54 PM PDT by ClearCase_guy (Fegelein! Fegelein! Fegelein!)
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To: SeekAndFind

In before the ‘DEADBEATS’ crowd.


4 posted on 05/18/2014 6:55:51 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: All

I don’t see the problem. they just continue voting democratic, and the benefits continue ad infinitum.


5 posted on 05/18/2014 6:56:13 PM PDT by willywill
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To: SeekAndFind
Long-term unemployment is a terrifying trap that, even in the best of times, is difficult to escape.

First sentence has obvious victim-mentality, pawn-in-the-game-of life, Uncle Sugar, Free Crap Army, "I am owed a job" overtones.

Stopped reading right there.

6 posted on 05/18/2014 6:58:26 PM PDT by backwoods-engineer (Blog: www.BackwoodsEngineer.com)
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To: SeekAndFind

This seems to be a combination of things all coming together to cause this.

Automation
Free Immigration
Cheaper overseas labor costs
High Corporate taxes
Poor Education (no it is NOT money)
Poor Work Ethics (Bad Education here)

We are either going to have to overcome this or be just another third world country. Yes, Government is responsible for 90% of this but the folks keep voting for it without understanding why.


7 posted on 05/18/2014 7:02:45 PM PDT by Deagle (ues)
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To: gaijin

I’m white, over 50, and have been unemployed for six of the last twelve months. And I’d like to thank that black, very liberal prez and his minions for nurturing that situation.


8 posted on 05/18/2014 7:03:29 PM PDT by Viking2002
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To: SeekAndFind

Why is this a surprise?

USA has higher corporate tax rate than all other industrialized countries with perhaps 1 exception.
And to make matters worse, the EPA is a huge anchor
especially on small & new businesses.

No wonder US corporations keep expanding abroad and
shrink operations in US.


9 posted on 05/18/2014 7:05:11 PM PDT by entropy12 (Some thought Obama would be no worse than Romney. So we have less jobs and more food stamps people.)
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To: backwoods-engineer
First sentence has obvious victim-mentality.. Stopped reading right there.

I went slightly further, but then stopped as well:

the long-term unemployed aren't much different from the short-term unemployed...

Hogwash. Those that make the best effort to utilize whatever education is presented to them, and go the extra 100 miles to absorb it and then some, learn by their mistakes, and are go-getters, thinkers, and movers... have no problem with landing a job. Whereas, short-term employed includes many of those in that frame of mind, and those will find something within short order. Those missing those qualities will not. If they are employed, they will at some point find themselves unemployed at some point and then have difficulties.

10 posted on 05/18/2014 7:09:22 PM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: backwoods-engineer

Gosh, how pithy! I sure don’t feel I’m owed a job, but funny thing is no matter how qualified, or not, I come out being too old, too White, not qualified enough or over qualified. But I guess I’ll just start that business with no savings, no income no home, but what the hell I just a friggin deadbeast that feels the I am owed something and was just leeching off the government I payed friggin taxes into for over forty years!


11 posted on 05/18/2014 7:09:54 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: SeekAndFind

“They’re a little older and more of them are African-Americans, but they’re just about as educated and work in the same industries as everyone else who’s trying to find a job.”

Really? I thought we were all past this “racial divide”. The South lost the war. Blacks won “equal rights” in the 60’s. “Protected classes” all over the place. Handouts. Bailouts. Section 8 housing. Free abortion. Free healthcare. Free Obama phones. Preferential treatment for small businesses. Free EBT cards. Etc.

How many damned training wheels do these under-producing “victims” need? Maybe these folks will do better in countries more aligned ethnically and ethically with their own culture.


12 posted on 05/18/2014 7:12:53 PM PDT by Up Yours Marxists
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To: SeekAndFind
is difficult to escape. And it's a trap

Here I Thank God, I'm going to retire. There is nothing left to strive for. I'm going to surrender. 2008 beat me like a tied puppy.

13 posted on 05/18/2014 7:14:21 PM PDT by no-to-illegals (Scrutinize our government and Secure the Blessing of Freedom and Justice)
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To: Viking2002

> I’m white, over 50, and have been unemployed for six of the last twelve months. And I’d like to thank that black, very liberal prez and his minions for nurturing that situation.

Trust me you’re not alone. Obamacare is killing small (and some large) businesses on a daily basis. I now know more unemployed people than employed people for the first time in my life. Jarrett and her buddy, 0, are trying hard to make times hard on the usually more productive of society, particularly the less pigmented...


14 posted on 05/18/2014 7:14:34 PM PDT by jsanders2001
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To: Viking2002

I’m not sure it’s just Obama’s problem.

He’s not helping, but neither did Bush.

Neither party is doing one spit, about American jobs.

Nobody.


15 posted on 05/18/2014 7:16:56 PM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Cringing Negativism Network; jsanders2001

Nope. The traditional Left/Right paradigm doesn’t exist anymore. I’ve come to look at the denizens of both parties with a jaundiced eye these days.


16 posted on 05/18/2014 7:24:23 PM PDT by Viking2002
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To: Deagle
There's one more factor that is driving a lot of this: Downward price/cost pressure from customers.

Everything you hear about unemployment and stagnant wages can be summed up in one simple fact:

There is an enormous difference between what people expect to get paid for a job, and what they're willing to pay someone else to do the same job.

17 posted on 05/18/2014 7:25:53 PM PDT by Alberta's Child ("What in the wide, wide world of sports is goin' on here?")
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To: Cringing Negativism Network

Regulation, taxation, immigration.

All are problems that have existed a lot longer than Obama has been in office.


18 posted on 05/18/2014 7:28:31 PM PDT by cripplecreek (Remember the River Raisin.)
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To: Mastador1

Bravo! It is not that easy! The jobs out there won’t hire those they believe will leave if a better opportunity arrives. Not everyone on UI is a deadbeat.


19 posted on 05/18/2014 7:30:22 PM PDT by ozaukeemom (Is there even a republic left?)
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To: Kartographer; All

“And it’s a trap that you can get stuck in for no reason other than bad luck.”

Um, no. There ARE a huge percentage of Americans that ARE Deadbeats; no denying that! Why ELSE would we be in this pickle? They vote their own interests for free stuff!

Have marketable skills, no matter how ‘menial’ you may perceive them to be. Always, ALWAYS have multiple streams of income (I have three), and roll up your feckin’ sleeves and Git ‘er done! :)


20 posted on 05/18/2014 7:36:39 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Viking2002

Actually, that happened to me also at the age of 55. It does seem that then the companies thought that although experience was a good thing, youth and growing into the job was more important. Actually, I can understand that to some extent but they did take it overboard a bit and lost a lot of experience along the way.

Today, they do seem more interested in low cost employers than they use to - are costs that much higher? Don’t really know the problem but it does exist.


21 posted on 05/18/2014 7:42:10 PM PDT by Deagle (ues)
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To: Viking2002

yes, I’d like to personally thank Barry and friends.


22 posted on 05/18/2014 7:43:26 PM PDT by machogirl (First they came for my tagline)
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To: Mastador1

I hear ya.


23 posted on 05/18/2014 7:45:00 PM PDT by machogirl (First they came for my tagline)
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To: Alberta's Child

True, I will not pay the excessive cost of quick food these days as it is no longer worth the price. Can’t imagine that raising the minimum wage to 10 dollars will change that!

I fear that the cost of early employment for the young will be beyond the capability of employers or the cost of their output will be unacceptable to those that want their products. Government can continue to destroy the job sector or they can get the hell out of it... I think that I see the direction they intend to go.


24 posted on 05/18/2014 7:47:40 PM PDT by Deagle (ues)
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To: Deagle

Your statement is just another affirmation of the theory I’ve been holding. Youth and cheap labor trumps what us old guys can bring to the table. Why pay me $50K or $60K a year for my experience and knowledge when some 24 year old kid is willing to do it for $30K?


25 posted on 05/18/2014 7:53:20 PM PDT by Viking2002
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To: SeekAndFind

“Today, there are still almost 3.5 million people who have been out of work for six months or longer and are looking for work.”

Yeah right. Triple that.


26 posted on 05/18/2014 8:00:48 PM PDT by headstamp 2 (What would Scooby do?)
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To: Viking2002

Yep, that was their excuse and whether it was correct or not is not up to me. Now whether it actually improved their profit margins or caused them problems is also not known.

But...you are right on, it does happen often (more often than many think) and is probably for financial reason.

Yes, call it old age discrimination if you will. I call it money savings at the risk of their future profits... but what do I know. I always thought that the training and delay in productivity was a negative compared to the immediate results by those experienced programmers.

Have some doubts though that it is actually a savings in the long run - would love to see some statistics on that.


27 posted on 05/18/2014 8:02:48 PM PDT by Deagle (ues)
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To: Cringing Negativism Network

“Neither party is doing one spit, about American jobs.”

We now have government by special interests.


28 posted on 05/18/2014 8:04:45 PM PDT by headstamp 2 (What would Scooby do?)
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To: headstamp 2

Yep, welcome to the real world!


29 posted on 05/18/2014 8:08:28 PM PDT by Deagle (ues)
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To: jsanders2001

Sorry to say that age discrimination happened long before this administration. Companies have now decided that anyone over the age of 50 regardless of experience is a detriment to their bottom line. It is a major problem but it seems that companies have decided in mass that it is better to hire cheaper labor than experience. Doubt that they are right but they do have the ultimate decision and it does seem to be universal.

Hope you can retire soon as it may be necessary regardless if feasible.


30 posted on 05/18/2014 8:15:47 PM PDT by Deagle (ues)
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To: Viking2002

I an American of Mexican ancestry have been out of a job for now 1 year and 7 months. Even unemployed no way in hell would I vote for a communist especially a black communist.


31 posted on 05/18/2014 8:15:56 PM PDT by Patriot Babe
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To: SeekAndFind

3.5 million out of 325 million people. Aren’t we being a tad bit dramatic. A little over 1 percent......Oh knowssssssss....we are drowning. Good Lord what a liberal article. Poor bleeding heart liberals are hurting....Oh brother.


32 posted on 05/18/2014 8:20:49 PM PDT by napscoordinator (Governor Scott Walker 2016 for the future of the country!)
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To: napscoordinator

Wow! You have no idea what you are talking about do you?

One, of the population of the United States - you say 325 million, only about 170 million actually work for a living.

Of those folks, about 15% are out of work and most are long term.

Those that are out of work also account for the prosperity of another 30-40 million people. To you, it seems a small problem.

You are an asshole without a heart or common sense!


33 posted on 05/18/2014 8:26:05 PM PDT by Deagle (ues)
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To: Deagle; Viking2002

Soon going to be happening to me, too. Mid 50’s.

Served 24 years.

At my age, no other employer will get 24.

Loyalty means nothing. I’ll probably have a bunch of short term/part time jobs until able to tap retirement accounts.

What will it matter on a resume?


34 posted on 05/18/2014 8:36:44 PM PDT by lightman (O Lord, save Thy people and bless Thine inheritance, giving to Thy Church vict'ry o'er Her enemies.)
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To: lightman

Really sorry to say that you are right. Loyalty nor capability and experience seems to be an asset if over the age of 50. The good side is the Government decided not to penalize 401K’s (20% tax) after the age of 55 if you decide to cash them out due to non employment.

Guess that they understood the problem years ago but failed to act - as Government does...


35 posted on 05/18/2014 8:45:08 PM PDT by Deagle (ues)
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To: Deagle

Your resume (or background on this site) is so much better than your comments. If I overstated, I apologize but if you overstated, I expect an apology from you. Your background seems much better than your comments.


36 posted on 05/18/2014 8:53:49 PM PDT by Deagle (ues)
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To: Deagle

Sorry, this was directed to napscoordinator. Sorry for the misdirection.


37 posted on 05/18/2014 8:56:28 PM PDT by Deagle (ues)
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To: Deagle

I thought you had to be 59 1/2 yrs old to avoid the penalty.


38 posted on 05/18/2014 8:58:21 PM PDT by virgil (The evil that men do lives after them)
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To: lightman

As a PFC-for-life, I salute your career of dedication to your country, sir. And you’re correct - loyalty means nothing. There’s no right vs. wrong ethic with employers anymore. You’ll probably be hired by a recruiter, and farmed out to a business who will cut you loose the second you finish helping them achieve their goals. We’re being used as throwaway parts by a bunch of androids out there, and the bottom line is the almighty accounting ledger. Our experience means nothing if they can buy someone half our age at 60% of the price. I was sidelined (again) five weeks ago with a massive bacterial infection. It took me four months to find that job after getting laid off from my previous position. Now, I’ll have to start all over again after I get medically cleared. I have no idea what my prospects are after that. Almost 20 years of IT experience that will probably not be given a second glance once some wet-behind-the-ears kid makes himself known.


39 posted on 05/18/2014 8:59:55 PM PDT by Viking2002
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To: virgil

No, if you are laid off or out of a job at the age of 55 and you have a 401K with that company, you can cash out. It was with that company.

Can’t swear that is the case for other 401K’s but actually I think you can do that with any 401K after the age of 55.

Worked for me and enjoyed a 10 year golf vacation after giving up on finding a job at that age. Good luck.


40 posted on 05/18/2014 9:02:24 PM PDT by Deagle (ues)
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To: virgil

Search 401k and 55 and you will find the information. It applied to me, not sure if it applies to you.


41 posted on 05/18/2014 9:09:42 PM PDT by Deagle (ues)
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To: Kartographer
"In before the ‘DEADBEATS’ crowd."

You made it by 22 seconds.

42 posted on 05/18/2014 9:46:36 PM PDT by DannyTN
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To: SeekAndFind
The lesson here is that we need stimulus. Sure, the economy will eventually recover on its own in the long run. But in the long run, our careers, if not ourselves, will be dead. High unemployment begets high long-term unemployment, which forces people into premature retirement. Spending more and printing more money can at least mitigate these vicissitudes of the business cycle—if, as the IMF points out, we're willing to be radical enough.

I should have guessed it was a propaganda piece, coming from the Washington Post.

We had a stimulus, and some bailouts, huge bailouts, and we had Quantitative Easing I, II, III, and whatever.

What we have NOT had is any decrease in the economically destructive communist and NAZI policies of this administration. Unless several thousand of these evil creatures are removed, and many bureaucracies dismantled, no amount of tinkering with the economy will produce positive effects.

43 posted on 05/18/2014 10:12:24 PM PDT by meadsjn
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To: SeekAndFind
Long-term unemployment is a terrifying trap that, even in the best of times, is difficult to escape. And it's a trap that you can get stuck in for no reason other than bad luck.

And Obama.

44 posted on 05/18/2014 10:12:30 PM PDT by KC_Conspirator
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To: gaijin
Yes, the homeless and unemployed always disappear during Democrat administrations.

The MSM always seem to rediscover them when a Republican is president.

-PJ

45 posted on 05/18/2014 10:15:28 PM PDT by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: Political Junkie Too

They don’t care a hoot about food or gas costs either. But when Republicans are in power they get blamed for hurricanes.


46 posted on 05/18/2014 10:51:34 PM PDT by Luke21
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To: Political Junkie Too
The media would have done a dozen documentaries about the plight of the unemployed and the homeless e.t.c, if the president was a republican.
47 posted on 05/19/2014 12:53:12 AM PDT by Moorings
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To: Deagle

Maybe, but if it is REALLY a problem then the House would pass unemployment for those who are out of work, but they don’t believe it is a problem. Since it is the conservatives who are not interested in the problem as you seem to claim, I think it is overeggagerated. If the House had passed additional unemployment then I would think that it was a bigger problem but the conservatives don’t have a problem with it because it is not that bad.


48 posted on 05/19/2014 3:48:02 AM PDT by napscoordinator (Governor Scott Walker 2016 for the future of the country!)
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To: Viking2002

I was out of work for 6 months. Only got a job because I knew somebody. It is bad out there.


49 posted on 05/19/2014 5:47:58 AM PDT by waxer1 (A Republic if you can keep it--Benjamin Franklin. Well we lost it.)
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To: waxer1

It’s worse than bad. We’ve pretty much tapped out all of our resources over the last two years for various reasons, the safety net has holes too big to catch us, it appears, and now I’m starting to make phone calls to creditors to see how much longer we can keep the wolf from the door. It’s got my guts twisted like a bowl of Ramen noodles.


50 posted on 05/19/2014 1:30:57 PM PDT by Viking2002
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