STOP paying people not to work - NOW!!

Per the retirement conversation, here is a National Review article on the subject but it is subscription, so I have included the important point.

That problem is the failure of the labor-force participation rate to return to normal. At approximately 62 percent, we sit 1.5 percentage points below pre-Covid levels despite the economic normalization that has taken place in almost all other categories. While 1.5 percentage points may seem like a small number, with a working-age population of about 260 million people, it means we are about 4 million people below the trend-line number from before Covid. And paradoxically, this comes with more job openings than we have people looking for jobs.
The inability to return to pre-Covid levels in the workforce since economic reopenings began is only the latest episode of the nearly 15-year story of lower labor-force participation since the financial crisis. The majority of the reduction can be found in men over the age of 55.

www.nationalreview.com

The Labor-Force Participation Rate Is the Economic Indicator of Our Day | National Review

Restoring the labor-force participation rate to pre-2008 levels would be far more meaningful than what we find in a GDP calculation.
www.nationalreview.com www.nationalreview.com
 
Old142 said:
Poverty is NOT color blind, there is a SUBSTANTIAL increase in poverty amongst BLACKS than any other race. Poverty based on equity and money/finances........If a WHITE person makes IRRESPONSIBLE CHOICES like having children they can't afford, or are neglected and turn into criminals......they will end up in POVERTY. HOWEVER BLACKS are far more likely to live in poverty per populace for IRRESPONSIBLE CHOICES.....END OF STORY. YOUR GRAPH SHOWS ASIANS AND LATINOS WHICH ARE ALSO FAR BELOW WHITES IN POPULACE WAY AHEAD OF BLACKS IN LABOR PARTICPATION......THAT PROVES MY POINT IN SPADES TOWN IMBECILE...NOW PLEASE DONT TRY SAWING A BODY IN HALF FOR YOUR NEXT TRICK LOLOLOLOLOL
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Yes ... More blacks are poor.
 
We have a cultural problem among a large swath of the 18-35 year old group, wherein many of them are quite happy to live directly off of the labor of others, or the government (which is the equivalent of the labor of others). This group needs a major, major wakeup call.
 
And it worsens because of asinine policies and massive bureaucracies throwing trillions of dollars at people ..........

Help wanted: “The November report recorded 779,000 manufacturing job openings, up from 722,000 in October, with increased postings for both durable and nondurable goods firms,”
 
Qcity said:
We have a cultural problem among a large swath of the 18-35 year old group, wherein many of them are quite happy to live directly off of the labor of others, or the government (which is the equivalent of the labor of others). This group needs a major, major wakeup call.
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Data supporting that take please.
 
[TD]Study Blames Government Benefits for Labor Shortage[/TD]

[TD]There are still at least 3 million fewer Americans working now than in 2019. According to a recent study by a free-market think tank, a key factor for this shortage appears to be taxpayer-funded unemployment benefits combined with federal health care subsidies.

This table lists the estimated work-related earnings that two adults with two dependent children would need to match available unemployment benefits and ObamaCare subsidies in each state, as calculated by the study's authors. In Ohio, the annual figure is $66,506. 1/5/2023[/TD]
 
Qcity said:
[TD]Study Blames Government Benefits for Labor Shortage[/TD]

[TD]There are still at least 3 million fewer Americans working now than in 2019. According to a recent study by a free-market think tank, a key factor for this shortage appears to be taxpayer-funded unemployment benefits combined with federal health care subsidies.

This table lists the estimated work-related earnings that two adults with two dependent children would need to match available unemployment benefits and ObamaCare subsidies in each state, as calculated by the study's authors. In Ohio, the annual figure is $66,506. 1/5/2023[/TD]
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The current level of unemployment is at the same level as it was before Trump enhanced it and Biden pulled it back in September of 2021. Further, you girls need to decide whether unemployment is free loading or if it is insurance. You are all over the place on that subject.
 
Labor force participation rate now at a 45 year low, outside of the pandemic year. Liberal handouts and their socialist culture destroying the country.
 
Qcity said:
Labor force participation rate now at a 45 year low, outside of the pandemic year. Liberal handouts and their socialist culture destroying the country.
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Participation trended down during Trumps entire presidency. Then, he really sent things into free fall when he signed enhanced unemployment benefits. Thankfully, Biden ended that and we are trending back up.
 
Post # 490 is false.



Participation trended higher under Trump and was at 63.3 in Feb '20; the highest it had been in 7 years. We have yet to even come close to that reading under the biden Marxist regime.
 
Qcity said:
Post # 490 is false.



Participation trended higher under Trump and was at 63.3 in Feb '20; the highest it had been in 7 years. We have yet to even come close to that reading under the biden Marxist regime.
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It was 62.9 when he took over in Feb of 2017. It trended down to 62.6 until August of 2018. It was back at 62.9 in April of 2019 so close to three years in at was flat and still below the 2016 Obama high. It did run up a bit in the next 6 months before the bottom fell out. At best, you could say it was flat during his term vs Biden's growth.

BTW ... It was white men that trended down the entirety of Trumps presidency.

Of course, Trumps enhanced unemployment program is not false.
 
Facts matter

Context matters


And people can live off the productive labor of taxpayers into the tens of thousands of dollars and, incredibly, pay no tax on those benefits. All brought to you by leftists. No doubt reparations will be tax-free as well. Snowflake leftists hate work; they are useless.
 
Maybe this is the place for me to bring this up. 1.43 million Ohio recipients get the welfare benefit of SNAP (the old food stamps) . I did not know until a few days ago that during the pandemic people getting SNAP were getting extra benefits . Over thirty percent more, how about 368 dollars a month for one person. Come March 1st this extra benefit is coming to an end. Have you ever looked at what other people are buying and wonder how do they afford it? Maybe 368 dollars a person is the way?
 
19AL63 said:
Maybe this is the place for me to bring this up. 1.43 million Ohio recipients get the welfare benefit of SNAP (the old food stamps) . I did not know until a few days ago that during the pandemic people getting SNAP were getting extra benefits . Over thirty percent more, how about 368 dollars a month for one person. Come March 1st this extra benefit is coming to an end. Have you ever looked at what other people are buying and wonder how do they afford it? Maybe 368 dollars a person is the way?
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Before Covid I believe 60% of students (k-12) qualified for a school free lunch and another 10% or so qualified for a partial free lunch. Do you know if the SNAP benefit counts those children (k-12)? Regardless, Ohio’s population is approximately 11.7 mil, 12% of the population on food stamps is shocking, absurd, ridiculous, sad…..

As a tax payer, I have no problem with giving a kid a free lunch. An adult, at some point they need to fend for themselves.
 
19AL63 said:
Maybe this is the place for me to bring this up. 1.43 million Ohio recipients get the welfare benefit of SNAP (the old food stamps) . I did not know until a few days ago that during the pandemic people getting SNAP were getting extra benefits . Over thirty percent more, how about 368 dollars a month for one person. Come March 1st this extra benefit is coming to an end. Have you ever looked at what other people are buying and wonder how do they afford it? Maybe 368 dollars a person is the way?
Click to expand...

I'm not a busybody Karen. I don't give a tinkers dam what's in someone else's grocery cart.
 
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ProV1 said:
Per the retirement conversation, here is a National Review article on the subject but it is subscription, so I have included the important point.

That problem is the failure of the labor-force participation rate to return to normal. At approximately 62 percent, we sit 1.5 percentage points below pre-Covid levels despite the economic normalization that has taken place in almost all other categories. While 1.5 percentage points may seem like a small number, with a working-age population of about 260 million people, it means we are about 4 million people below the trend-line number from before Covid. And paradoxically, this comes with more job openings than we have people looking for jobs.
The inability to return to pre-Covid levels in the workforce since economic reopenings began is only the latest episode of the nearly 15-year story of lower labor-force participation since the financial crisis. The majority of the reduction can be found in men over the age of 55.

www.nationalreview.com

The Labor-Force Participation Rate Is the Economic Indicator of Our Day | National Review

Restoring the labor-force participation rate to pre-2008 levels would be far more meaningful than what we find in a GDP calculation.
www.nationalreview.com www.nationalreview.com
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Trump started it giving people 600 dollars a week sad.
 
Biden said the "pandemic is over" last summer; yet he continues to champion every handout imaginable .......all while 11 MILLION jobs go unfilled.
 
Qcity said:
Biden said the "pandemic is over" last summer; yet he continues to champion every handout imaginable .......all while 11 MILLION jobs go unfilled.
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What is the unemployment % today? How many unemployment claims are there? Please give an example of "every handout imaginable." Why do you hate a booming economy so much? Don't you love the USA?
 
Qcity said:
Facts matter

Context matters


And people can live off the productive labor of taxpayers into the tens of thousands of dollars and, incredibly, pay no tax on those benefits. All brought to you by leftists. No doubt reparations will be tax-free as well. Snowflake leftists hate work; they are useless.
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And yet, they make up the majority of working people. Voting people. Nearly every type of people.
 
psycho_dad said:
What is the unemployment % today? How many unemployment claims are there? Please give an example of "every handout imaginable." Why do you hate a booming economy so much? Don't you love the USA?
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The labor participation rate is the important indicator, and it is not good.

But hey, let's do more socialism because it is so great.
 
Qcity said:
The labor participation rate is the important indicator, and it is not good.

But hey, let's do more socialism because it is so great.
Click to expand...
Workforce participation would be fine if we could get the Yappters moving. The largest demographic of decline is over 55 males. Do your part and all will be good.
 
Qcity said:
The labor participation rate is the important indicator, and it is not good.

But hey, let's do more socialism because it is so great.
Click to expand...
Anyone can make statements. What is the Labor Participation rate today? Why is it "not good"? What is it compared to the average? What is a good rate and what is a bad rate?

You do nothing but post opinion pieces. Not factual articles. Do you know the difference? I don't think you do.
 
Back in the 70's you either went to work or starved to death now to many govt. programs allow people to survive without having to work. Need more baby's growth rate in USA is flat. Need immigration reform now to make up for the shortage of workers in this country.
 
psycho_dad said:
Anyone can make statements. What is the Labor Participation rate today? Why is it "not good"? What is it compared to the average? What is a good rate and what is a bad rate?

You do nothing but post opinion pieces. Not factual articles. Do you know the difference? I don't think you do.
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www.bls.gov

Civilian labor force participation rate

www.bls.gov www.bls.gov

Open the table. Shows demographics participation rate. White males lead the way, followed by Hispanics. However overall participation rate is down from the early 2000's.
 
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Stirred not Shaken said:
www.bls.gov

Civilian labor force participation rate

www.bls.gov www.bls.gov

Open the table. Shows demographics participation rate. White males lead the way, followed by Hispanics. However overall participation rate is down from the early 2000's.
Click to expand...
Were are talking a percentage point or 2. It's back up to roughly the average since 1950. 63.3% total before the Pandemic 62.2% now. This isn't some great crisis! 62.6% August 2018. The sky is not falling. People are working.
 
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