Lost in all the noise about these numbers that were published last week was that
just as the employment participation by the younger generation is at a low, the
employment participation of those above 55 is at an all time high. That
"senior" group actually enjoys the lowest unemployment rate of all age
groups.People are working long into their lives. Why? Because the
US no longer has a sustainable retirement plan. It used to be that if you
worked for IBM, GE, a large bank, that if you put in your 30 to 40 years, you
had a pension waiting for you. Those days are gone. My own father just retired
at the age of 77... and he isn't that unusual. Sad part is, he had plenty
of cash in the bank... but was still afraid he would run out.There
are always multiple stories in these numbers. Again, the blame Obama crowd had
better hold their tongues, because this isn't a problem that is going to go
away by lowering taxes, or privatizing social security. It will only get worse
- much worse.
TO Hutterite - then why are you wasting your time and money hiring
"Kids" without any real responsibilities rather than someone over 35 who
has a family to support and will work harder? someone in the over 35 age group
is more likely to stay around for years if YOU treat them right while a young,
fresh out of college person who will be gone within the first three months to
what he thinks are greener pastures.Personally I can't believe
how often employers are running ads looking for someone to fill a position that
they just filled six weeks ago.
Why look for part time work when benefits pay more?
Only the 1% truly believe we are living in a meritocracy -- the rest of us know
better by now. The premise that "you work hard and you get ahead
(become wealthy)" is so ridiculous in the face of current facts, anyone
could debunk such propaganda. For instance, 10s of millions of US workers all of
sudden became lazy and immediately lost their job skills after the financial
collapse so that they had to be thrown out of work and onto welfare (not become
wealthy because they were not working hard enough). The opposite is of course
that the "job creators" have done such a great job of creating jobs,
that they deserve to take 93% of all the profits (they work 400 times harder
than and are at least 500 times smarter than everyone else, so they deserve to
take it all -- winner take all, you know).Maybe, just maybe, it is
really the "job creators" who have the biggest "skills gap" of
all and are the laziest of all, and their propaganda is just a way to conceal
such -- that the truly idle, the true "takers," are really themselves
"taking" it all while contributing very little.
The buy gold based on doom and gloom theory is still alive until Gold hits 1000.
I own a small company and I decided long ago that it's too much of a hassle
to hire regular employees. The taxes, regulations, and paperwork are simply too
burdensome. If my company ever gets more work than I can handle alone, I will
contract it out or simply decline the work. You'd think the government
would remove obstacles to job creation and not erect them.
A couple of other reasons:1. It's far easier to become and
remain dependent on government or private charities, and for much longer
periods, than it was in past decades.2. More parents are allowing
and even encouraging their adult (in chronological age) children (in
responsiblity and social development) to establish a semi-permanent household in
Mommy and Daddy's spare room. Jobs may be tough to find, but
when the going gets tough, the tough get going. People DO qualify for and obtain
jobs, but there must be some strange reason why so many of those people are from
outside the United States. There seems to be too little incentive today for
American young adults to grow up and get going.
Lets see if I can sum it up in three words. Barrack Hussein Obama. Simple huh?
@HamathThe workers are there they just won't do the job at wages
below market value like the illegals who don't pay taxes or don't have
to get insurance will. I worked on a farm growing up and was told I could never
make more than minimum wage because my boss could get a Mexican to work for
less. Me and all of my brothers have done the "jobs that Americans
won't do" to get through school. The reason why we didn't
continue those jobs is because they don't pay enough. Pay more and get
good workers. If you business can't survive by obeying the laws then you
don't have a good business model and need to adapt or you need to get the
politicians grubby hands out of our pocket books. I own a business and have been
hurt by doing the right thing, but it's better than being dishonest and
making a lot of money. And hiring illegals and paying people under the table is
dishonest. It cheats American workers and lowers every ones wages.
This is what you get when you elect a community organizer instead of a
not BLM, should have said BLS - sorry
@ utes fansThere is a huge need for foreign workers because we have
services and jobs that we can't fill with American workers. It's not
because the companies don't want to. It's because they can't.
These American companies that produce services and products you use, can't
find the workers they need. Read up on it and you'll see what I mean.
Such jobs include engineers (Lockheed Martin, a single company needs to hire as
many engineers in the next five years at the US produces, not to mention the
thousands of other companies); Farm workers (tons of need and Americans
don't apply for the jobs anymore because mostly those who live rurally can
get better jobs and those who live in the city don't try for these jobs)
and the lists go and on. We can and should look for ways to get our locals to
want to work in engineering and Farming and nursing and etc... but in the mean
time we have a huge need to fill and only one good way to do it quickly.
The BLM does not consider the retired as part of the labor pool, so the comment
about baby-boomers reaching retirement age and thereby affecting the
participation rate is off-base.HVH,so why was the
participation rate so high in 2000 if reagan destroyed everything in 78?BTW, carter was pres in 78, not reagan. and in case you were not aware
2000 is AFTER 78, and we had a much higher participation rate in 2000, so your
attempts to blame reagan for the poor participation rate do not look so bright,
now, do they?where are all those "shovel ready jobs" the
porkukuls was supposed to fund?oh, that's right - they
weren't really that "shovel-ready yuk yuk" to quote BO.
And liberals want to allow illegal immigrants to take the few jobs available?
Because we haven't given enough breaks to the "Job Creators." What changed after 78? Reaganomics started rewarding greed over hard
And yet Senator Orrin Hatch says the USA needs massive increases in worker
visas, such as the H-1B visa. He is so out of touch with reality it is
Lowest since 1978?Well barack?
When it comes to a lot of young people, they don't work because
they're entitled and lazy. As an employer I see it all the time. Work is
inconvenient, demanding and requires sacrifice. You can't smoke all the
time and you can't text all the time. For many of them, coming out of
school with gold stars aplenty on their work, they're failing for the first
time, and they don't have any resiliency so they give up.