Both show the same trends. Obama administration gets no credit for what they did.PlusCaChange wrote: ↑Thu Oct 12, 2017 12:16 pmThe statistic which really counts on jobs is the percentage of the workforce employed. The unemployment rate is deceptive because it is merely the number of people collecting unemployment benefit and does not include people who have stopped looking for work. Likewise the job creation rate is only significant in the context of the change in size of the workforce.
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This is a graph of the percentage of the working age population employed.
And yes, most people do not realize that during the great recession many used up all of their benefits and still didn't find work. By looking at the actual employed working age population you can easily see we still have not recovered from the recession.
As a country we need to get back the manufacturing base we had previously. But to do that we need lower cost labor. Where does one get lower cost labor? I can tell you that overseas the US government has no qualms paying international contractors $1.50 an hour. (See Diego Garcia contractors)
Yes, the answer is and always has been immigrants. Let them come, but they do not get minimum wage until they are a citizen. Until they they earn the right to be a citizen by manufacturing and assimilating. I'm not talking the same slave wages the US government plays foreign nationals overseas (Even though they are happy to make that).
We need to do something to make us competitive again and I'm afraid labor is a huge part of the issue. Many of those I mentioned who are still not employed have done so because they are unwilling to accept lower waged jobs.
As a nation we are fat, spoiled and lazy.
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