Posted on 09/26/2014 10:07:01 AM PDT by george76
There are 124.5 million Americans in their prime working years (ages 25–54). Nearly one-quarter of this group—28.9 million people, or 23.2 percent of the total—is not currently employed. They either became so discouraged that they left the labor force entirely, or they are in the labor force but unemployed.
...
Those attempting to minimize the startling figures about America’s vanishing workforce—workplace participation overall is near a four-decade low—will say an aging population is to blame. But in fact, while the workforce overall has shrunk nearly 10 million since 2009, the cohort of workers in the labor force ages 55 to 64 has actually increased over that same period, with many delaying retirement due to poor economic conditions.
"In fact, over two-thirds of all labor force dropouts since that time have been under the age of 55. These statistics illustrate that the problems in the American economy are deep, profound, and pervasive, afflicting the sector of the labor force that should be among the most productive.
(Excerpt) Read more at weeklystandard.com ...
Bet it’s more like 2 in 4.....................
Large Dem voting block. No sympathy from me. Don’t like the results of your votes, change how you vote next time.
25 to 54 years old?
That means the people just out of college or new hires in their jobs ... and the people not near retirement age in their careers - are feeling the affect of “O’s” economic nightmare.
Aren’t these the ones who supported Mr. Community Organizer, ‘hope and change’?
Its even worse than this story portrays. A good number of these kids want to work and are getting screwed. But a good number also have bought into the “where’s my check” mentality of sitting back, living with Mom & Dad and blowing their unemployment money or other transfer payments on partying. Under the Welfare State society we have developed, each generation values the work ethic a little less. Each generation is more willing to make collecting government checks their occupation.
I bet the number would be closer to 3 of 4 if you cut the age off in two demographics: 22-28 and then 50+....
If part of that number is either the mom or dad staying home to raise the family, that would be a good thing.
I am starting to wonder why anyone works? I am sure I would qualify for some kind of free money for life if I checked around a bit.
> I am starting to wonder why anyone works?
Because its the respectable thing to do though I fell like a sucker more and more everyday...
Funny, I thought our Glorious Leader told us it was ATMs and the Internet. Oh well, unskilled illegal alien kids to the rescue!!! :-)
In the News/Activism forum, on a thread titled 1 in 4 Americans 25-54 Not Working, jsanders2001 wrote:
> I am starting to wonder why anyone works?
Because its the respectable thing to do though I feel like a sucker more and more everyday...
Neither of my daughters work outside the home. They fall into the stay-at-home wife/mom category. Their husbands fully support that decision.
I suppose it indicates that an ability to text message and find the nearest fast food outlet, taken together, do not exactly form an employable skill set for about half of those — the other half probably do have better prospects for work under any kind of intelligent economic oversight and would be well advised to hang in there until 2017.
The sad thing is that Dems would rather have them be unemployed than working for a for-profit company.
I am starting to wonder why anyone works?
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Look at the parking lots in most shopping malls. They are filled everyday, especially on Fridays. Not many people work anymore evidently.
I suppose it indicates that an ability to text message and find the nearest fast food outlet, taken together, do not exactly form an employable skill set
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Makes one wonder about the future of our residential real estate market. Who is going to have sufficient income to buy all those homes that the baby boomers will be selling off as they retire?
I work with 19 yr old. He spends a considerable amount of on-the-clock time not working.
I worked for myself for the past 11 years.
I left a “board room” job at a major (top 20) bank in 2003.
I have been trying to get back into the corporate world for a year and half.
There are not many of those jobs floating around. And the ones that are around are working for companies where the senior management are trying to squeeze every last dollar out before THEY bail.
The job market is rotting from the inside out.
I will add that I have never taken a nickel from the government. Not before I left my job in 2003, nor now.
{Just for those who might suggest I am part of the “problem.”}
I’d have to agree with you on some of the younger people just not wanting to work. My son is 26,my DIL 23, my nieces and nephew all around the same age. They have lots of friends who we’re acquainted with. I know for a fact that none of these young people do not have a job. Some have to work two jobs to make ends meet, but they all have a job. If they lose their job, they seem to have had no problem finding another job.
Granted some are Starbucks employees, even though degreed, but others have been more fortunate and are making 60-70K a year (this is usually a result of what degree they took)...but none of them receive gov’t assistance.
Another unusual demographic about their friends (many of whom they’ve know since they were teenagers)...most seem to have gotten married, and they married at a realtively young age (before 24.) About half the married couples have had a baby, about half have bought homes.
I know this goes against the trend, but it’s what’s happening among their friends.
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