US participation rate at 36 year low

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Cornfed
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US participation rate at 36 year low

Post by Cornfed »

There are about 100M adults without jobs in the US. Of course, most jobs are BS anyway. It may be time for people to give up on the job concept.

http://www.cnsnews.com/news/article/ali ... 6-year-low
Ghost
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Tsar
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Post by Tsar »

I would like a good job but that's not likely given the economic depression in America.

Here's a good article about my generation.
While the findings illustrates this and other troubling social trends, the most disconcerting conclusions they draw are on the economic front.

Nearly 80 percent of those surveyed are in debt, be it from student loans, credit cards or mortgages. Since the year after President Obama first took office, 40 percent of the participants have been unemployed, with nearly 23 percent having endured extended unemployment that lasted six months or more.

In 2011, when the report subjects were roughly 25, they were more likely to be earning under $15,000 in annual salary than they were to be earning more than $40,000, according to The Atlantic.

Money remains the primary source of anxiety for the Millennial generation, which makes sense considering 53.8 percent pulled in under $25,000 in 2011.

When you consider that these Millennials were more likely to earn minimum wage than a liveable salary, the news that 68 percent of 27-year-old high school dropouts are parents indicates that our nation is on a trajectory that will require the government to do more to subsidize struggling families.

http://elitedaily.com/life/the-second-l ... to-launch/
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Taco
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Re: US participation rate at 36 year low

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Cornfed wrote:It may be time for people to give up on the job concept.
You might want to consider an exciting career in subsistence living. I know I've been thinking about it.

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jamesbond
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Re: US participation rate at 36 year low

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Cornfed wrote:There are about 100M adults without jobs in the US. Of course, most jobs are BS anyway. It may be time for people to give up on the job concept.

http://www.cnsnews.com/news/article/ali ... 6-year-low
It's frightening that the economy has been so bad for so long now. The recession supposedly "ended" in June of 2009. :roll:

I heard a report on the news that said this is the slowest "recovery" after an economic downturn since the great depression. :shock:

We have the lowest labor participation rate since 1978. It's unbelievable how horrible the US economy is!
"When I think about the idea of getting involved with an American woman, I don't know if I should laugh .............. or vomit!"

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Cornfed
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Post by Cornfed »

Here is an interesting clip about the coming automation:
https://www.youtube.com/watch?v=7Pq-S557XQU
Taco
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Re: US participation rate at 36 year low

Post by Taco »

jamesbond wrote:
Cornfed wrote:There are about 100M adults without jobs in the US. Of course, most jobs are BS anyway. It may be time for people to give up on the job concept.

http://www.cnsnews.com/news/article/ali ... 6-year-low
It's frightening that the economy has been so bad for so long now. The recession supposedly "ended" in June of 2009. :roll:

I heard a report on the news that said this is the slowest "recovery" after an economic downturn since the great depression. :shock:

We have the lowest labor participation rate since 1978. It's unbelievable how horrible the US economy is!
People like to believe that everything will be ok but it won't happen this time this is a trend that will continue to get worse.
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Post by Moretorque »

Thanks Cornfed.

This is one of the reasons the elite want to depopulate the planet because with how efficient the world will become only so many of us are needed to tend shop.

I think all the technology is great if used wisely but that is the key and people are not wise.
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