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Just the opposite is shown. The funny thing is that the overall percentage of adult working greatly increased from 47% to 67%. That is why you are comparing apples to oranges, we have millions upon millions more adults working now (as a percentage of the adult population of the United States) as opposed to the glory years.

How to tune our economic engine and make it roar.

Growth of Fed & State governments need to be frozen, scaled back. Paying leeches health care & generous pensions when they produce nothing and only act to impede the free market is stupid.

Drop the nanny state government. Medicare, Medicaid, social security were all bad ideas and we're getting close to the bottom of the hill. Social programs are consuming over 1/3 of government spending. 70% of social program spending goes to administering programs, not to people that need the money. How stupid is that?

There are few things that the private sector can't do better than the government. Privatize government programs.

Reasonable taxation with either a flat sales tax, or flat tax on spending.

Extent of small business regulation should be to register the business with the state.
Private trade groups need to be the ones to grant licenses to prove one is competent in their field. (U/L Laboratory seal of approval?) Do we really need a department to license dog groomers?

Enact loser pays legal reforms. Our businesses are being henpecked to death by lawyers, government regulators and accountants.

Privatize all of our schools including colleges. Government control has not worked. Bring back apprenticeships for trades. (Our local state college just had a 20% increase in tuition. So much for affordable education, Wasn't that the point?)

Teach small business management starting about 6th grade. Instead of the demonizing businesses, we need to be come a nation of entrepreneurs.