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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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100 million workers out of jobs
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Poster Handle
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Anonymous Coward |
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Post Content
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I think what we are seeing here is a historical shift.
As the baby boomers continue to retire they will leave job vacancies to the tune of 2-3 million+ jobs/year and will then finally start using their pensions/401k's.
The economy will rise.
I saw it coming 10 years ago. Even if no new jobs are created the unemployment rate will fall because old people will get out of the job market.
Of course 10-15% of old people will continue to work as has been the historical norm.
But that leave another burden. Instead of paying unemployment benefits that money will now be paid to Social Security retirement benefits.
Still most seniors have more than just Social Security saved up and will spend that money into the general economy as the Majority of them already have their house paid off.
We will see. A lot of variable to consider.
Quoting: Anonymous Coward 15827957 Due to the massive increases in day to day living expenses many baby boomers are NOT leaving the workforce. It's not unusual to see people working well into their late 60's and early 70's nowadays It won't be getting better for quite some time I'm afraid. Many of them do it because they are bored at home and their kids never come around. I'm afraid. There have always been people that don't leave the work force. In all actuality seniors expenses are lower now than they used to be now that Social Security has a drug benefits plan. You people on GLP really must be the losers of the bunch. Because there are jobs. There just aren't any jobs in construction, and there wont be for a very long fucking time. If you are waiting for construction jobs to come back instead of getting trained to be a nurse or x-ray tech then you aren't keeping up with the times and deserve a life of mediocracy. With 80 million baby boomers about to retire there is going to be a host of jobs opening up to cater to them and their ailing health. You motherfuckers need to stop living in the past and look to the future. I believe what this number does demonstrate is how dramatic the increase has been. For example, it was "only" ~75 million back in 2000. Which is approximately a 34% increase in 12 years. Whereas the increase from 1990 until 2000 was only ~7-8%. That is fairly massive. Also, look at how quickly the percentage goes up when you compare the: "Civilian Noninstitutional Population - With No Disability, 16 years and over (LNU00074593)" [ link to research.stlouisfed.org] Which states ~215million available to participate in the labor force (without a disability) as well as: Civilian Noninstitutional Population - With a Disability, 16 years and over (LNU00074597) [ link to research.stlouisfed.org] Which states ~28million with a disability 215 + 28 = 243 million 100 million / 243 million = 41%
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