93 million Americans not working

http://i.imgur.com/Phu8eXt.mp4

Most here know where I generally stand, but I think that stat is a little misleading. As the artical states, the percentage is affected when baby-boomers reach the 55 and over mark. 25-54 is a much higher participation rate, then 55+. So if you have more people reaching 55+ than reaching 25-54, the overall number will dip. However, there is still a decrease in participation levels from this 25-54 age group, as a graph posted here a few days ago pointed out. Maybe not as high, but nonetheless still a decrease.

Truth is, there continues to be less and less incentive for lower income people to work. In some cases, these people make less money working minimum wage jobs than what they get between wellfare, food stamps, and other credits offered by the federal government. Until the government handles these types of programs on a localized level, you will see a continued rise in low income families taking advantage of the wellfare system. I understand that by doing that we may pay more taxes, but it also provides more jobs (I know......government jobs), but also insures the people getting the benefits actually deserve them, and the lazy moochers can take a hike. I think the government fails to understand that the majority of people are willing to pay more taxes as long as it's being given to people that actually need it, than those that CHOOSE to need it.

But...but...the economy is strong. Obubba says so. And unemployment is at 5%.

doogsinparadise said:

jecornel said:

Sounds like people better start selling their couch. There are a number of cities that could use street sweeper for all the people throw on the ground.

Perfect opportunity for people to go into business themselves. Put some other people to work.
Start a blog, make an app, everyone is doing it.

There's your libertarian solution, make an app? Huh?

It was an attempt at humor.

I think Derek hates Obama. Everything is wonderful. Just ask Hondo, DoucheDaDice, and diafBill.

d2d said:

I think Derek hates Obama. Everything is wonderful. Just ask Hondo, DoucheDaDice, and diafBill.

No it's not. He and Bush really fucked up the debt and this cuntry is a mess, but like Honda, you seem to focus blame on one party in a myopic way when the whole system is screwed up.

Since CollegeDouche's Wheelhouse sank in Puget Sound, (I think Vince Foster was on board), I like to get my economics reports from Hondo and DoucheDaDice. That's what I like to do.

2001400ex said:

Fire_Marshall_Bill said:

d2d said:

I think Derek hates Obama. Everything is wonderful. Just ask Hondo, DoucheDaDice, and diafBill.

No it's not. He and Bush really fucked up the debt and this cuntry is a mess, but like Honda, you seem to focus blame on one party in a myopic way when the whole system is screwed up.

Disagree. I have repeated that both parties are fucked up. However, we are not in a depression and letting Iran build a monster nuclear arsenal.

Okay, you say that, but you still defend sell-outs like Hillary

But the most pertinent question is why are so many 23 to 30 year olds living at home?

1. U-6 is still high:

2. Ever since Big Government Politico Nancy Pelosi got the Federales more involved in making college "affordable" for American families, schools raised their tuition costs and debt exploded (Pelosi started her destructive efforts in 2000 or 2001 though this graph only goes back to 2006):



3. The knowledge based economy has continued to widen the earnings gap between those with just a high school degree and those with a college education or more:

My solution? Get the government out of more aggressively financing student loans and instead expand Pell Grants while perhaps matching dollar for dollar any spending states do on their technical / community college systems. Making these 2 year schools better would increase their attractiveness to families that can only pay for 2 years of school or can't pay for 4 years of education at a state school but can pay for 2 years of CC and then 2 years of state university tuition.

Fire_Marshall_Bill said:

doogsinparadise said:

2001400ex said:

Fire_Marshall_Bill said:

d2d said:

I think Derek hates Obama. Everything is wonderful. Just ask Hondo, DoucheDaDice, and diafBill.

No it's not. He and Bush really fucked up the debt and this cuntry is a mess, but like Honda, you seem to focus blame on one party in a myopic way when the whole system is screwed up.

Disagree. I have repeated that both parties are fucked up. However, we are not in a depression and letting Iran build a monster nuclear arsenal.

The world is ducked up because we're all slaves to the neoliberal financial institutions, and that includes the US even though we wrote the fucking rules. Want to understand the war on unions? Want to understand reduced employment following the recession? Want to understand why the shadowy trade negotiations that you hear about every now and then are so hated by people that read history?

seattletimes.com/seattle-news/data/mapping-king-countys-disappearing-middle-class/

Not that retarded specimens of evolution like d2d have any idea who the true paymasters are in our society.

This.

I guess if you're doing really well (for Suckattle that would probably mean $150,000 k a yr plus at this point) I can see not caring, but at some point there's going to be a French Revolution type event if things don't change.

I did some work last spring and had access to people's demographic info (then I sold that info - just kidding), and you'd be shocked at the number of 23-30 yr olds living at home. This isn't the ghetto (oh I can't say that now). This is what's considered a good, middle class area, or was. It's not the America I grew up in and it's a long way from Postwar America. People keep putting their heads in the sand though.

Well some of the people the Feds funded to go to college weren't necessarily a good fit for a 4 year school so that's where technical schools and community colleges come in (giving people more skills than a high school grad but spending less time/money on a 4 year school).

Or do you mean that if the Feds materially cut back on providing student loans to anyone with a heartbeat, 4 year schools will actually reduce their tuition on an inflation adjusted basis in the next 5 to 10 years?

doogsinparadise said:

HFNY said:

But the most pertinent question is why are so many 23 to 30 year olds living at home?

1. U-6 is still high:

2. Ever since Big Government Politico Nancy Pelosi got the Federales more involved in making college "affordable" for American families, schools raised their tuition costs and debt exploded (Pelosi started her destructive efforts in 2000 or 2001 though this graph only goes back to 2006):



3. The knowledge based economy has continued to widen the earnings gap between those with just a high school degree and those with a college education or more:

My solution? Get the government out of more aggressively financing student loans and instead expand Pell Grants while perhaps matching dollar for dollar any spending states do on their technical / community college systems. Making these 2 year schools better would increase their attractiveness to families that can only pay for 2 years of school or can't pay for 4 years of education at a state school but can pay for 2 years of CC and then 2 years of state university tuition.

Fire_Marshall_Bill said:

doogsinparadise said:

2001400ex said:

Fire_Marshall_Bill said:

d2d said:

I think Derek hates Obama. Everything is wonderful. Just ask Hondo, DoucheDaDice, and diafBill.

No it's not. He and Bush really fucked up the debt and this cuntry is a mess, but like Honda, you seem to focus blame on one party in a myopic way when the whole system is screwed up.

Disagree. I have repeated that both parties are fucked up. However, we are not in a depression and letting Iran build a monster nuclear arsenal.

The world is ducked up because we're all slaves to the neoliberal financial institutions, and that includes the US even though we wrote the fucking rules. Want to understand the war on unions? Want to understand reduced employment following the recession? Want to understand why the shadowy trade negotiations that you hear about every now and then are so hated by people that read history?

seattletimes.com/seattle-news/data/mapping-king-countys-disappearing-middle-class/

Not that retarded specimens of evolution like d2d have any idea who the true paymasters are in our society.

This.

I guess if you're doing really well (for Suckattle that would probably mean $150,000 k a yr plus at this point) I can see not caring, but at some point there's going to be a French Revolution type event if things don't change.

I did some work last spring and had access to people's demographic info (then I sold that info - just kidding), and you'd be shocked at the number of 23-30 yr olds living at home. This isn't the ghetto (oh I can't say that now). This is what's considered a good, middle class area, or was. It's not the America I grew up in and it's a long way from Postwar America. People keep putting their heads in the sand though.

I read something the other day that said students in the 70s came out with around 4-5k in inflation adjusted loans, compared to 20k+ today. Easy to see why the "kids" aren't getting into houses or starting businesses at the same rate. You're absolutely right that extending more loans has given colleges a green light to raise tuition.

Also, the answer is not more community colleges.