> On Thu, 11 Oct 2012 13:00:02 -0500, Mike Hendrix <mike (at) travellogs
> (dot) us> wrote:
>> On Thu, 11 Oct 2012 09:45:40 -0700, Bruce S <bruce.sn...@gmail.com>
>> wrote:
>>> On 10/11/2012 3:15 AM, Hank wrote:
>>>> On Wednesday, October 10, 2012 6:50:43 PM UTC-4, bruce wrote:
>>>>>> Yes - a lot more.
>>>>>> Here are some official numbers from the Bureau of Labor Statistics:
>>>>>> Total employment Sept. 2012 - 133,500,000
>>>>>> Total employment Jan. 2009 - 133,561,000
>>>>>> Total working age population growth during those years - 7,865,000
>>>>>> So, the population has gone up by almost 8 million people, but the
>>>>>> number of people holding jobs has gone up by 61 thousand. The only way
>>>>>> to claim that unemployment is less now than then is to believe that NONE
>>>>>> of those 8 Million people want jobs.
>>>>>> Do you really believe that?
>>>>>> Traditionally about two thirds of the working age people want jobs, so
>>>>>> if we make the assumption that about 2/3rds of that 8 million people
>>>>>> want jobs, that would mean that almost 6 million people are not being
>>>>>> counted as unemployed but should be. Doing the math in my head, that
>>>>>> comes to about 3% more unemployment - or a total of about 11% instead of
>>>>>> the 7.8% they are claiming.
>>>>>> Of course the percentage unemployed goes down if you quit counting
>>>>>> people, but a person would have to be an idiot to believe that none of
>>>>>> those people want jobs.
>>>>> I just noticed a typo in what I wrote - I said employment went up by 61
>>>>> thousand, I meant it went down by 61 thousand. The actual employment
>>>>> numbers just above that line are correct, I just typed the math backwards.
>>>>> --
>>>>> Bruce
>>>> You can't just use the working age stats and employment stats for figuring unemployment. There are other factors that have to be taken into consideration. It's not as simple as you think.
>>>> If you wasn't so lazy, you'd figure out how to delete a post after you send it. Sound familiar? :-)
>>>> Hank
>>> You still haven't answered my question (and I DID answer yours): Do you
>>> really believe that NONE of those 8 million people who came into the
>>> workforce age group wanted jobs?
>>> It's a simple yes or no question.
>>> Fewer people have jobs today than had jobs 4 years ago.
>>> 8 million people entered the employment age group.
>>> How is that possible?
>> -------------------------------
>> Something tells me that Hank is going to pull a nothermark and not
>> provide that answer.
>> If it was nothermark he would reply with a canard........ if you do
>> get a reply expect just that...... a canard.
>> mike
> I'd go here and look for a cross correlation to folks on early
> retirement. That is probably the answer. The more one is past 55 the
> harder it becomes to get a decent job if one is laid off. If one has
> the resources then why push to take a low paying job?
In my opinion, being forced to retire is the same as being unemployed. I retired at age 57 because I wanted to retire - I would have retired at 23, but couldn't afford it. I had planned on retiring at age 55 but because of my father's health, I continued to work till after he died and my mother moved back to AZ and stabilized.
So I was done working at age 57 - but that had NOTHING to do with the economy, or availability of work - I just wanted out. On the other hand, if I had been laid off and ended up spending my retirement money to survive because I couldn't find a job, I would have considered myself unemployed, not retired.
-- Bruce
"The truth is hate speech for those who hate truth."
> On Thu, 11 Oct 2012 15:38:25 -0700, Bruce S <bruce.sn...@gmail.com>
> wrote:
>> On 10/11/2012 12:37 PM, nothermark wrote:
>>> On Wed, 10 Oct 2012 15:50:45 -0700, Bruce S <bruce.sn...@gmail.com>
>>> wrote:
>>>> On 10/10/2012 3:27 PM, Bruce S wrote:
>>>>> On 10/10/2012 2:32 PM, Hank wrote:
>>>>>> On Tuesday, October 9, 2012 3:25:34 PM UTC-4, bruce wrote:
>>>>>>> You still can't read for comprehension, can you?
>>>>>>> You didn't amuse me, I amused myself providing information that I knew
>>>>>>> you would ignore.
>>>>>>> --
>>>>>>> Bruce
>>>>>> Seriously, do you really believe there are more people out of work now
>>>>>> than When O took office?
>>>>>> Hank
>>>>> Yes - a lot more.
>>>>> Here are some official numbers from the Bureau of Labor Statistics:
>>>>> Total employment Sept. 2012 - 133,500,000
>>>>> Total employment Jan. 2009 - 133,561,000
>>>>> Total working age population growth during those years - 7,865,000
>>>>> So, the population has gone up by almost 8 million people, but the
>>>>> number of people holding jobs has gone up by 61 thousand. The only way
>>>>> to claim that unemployment is less now than then is to believe that NONE
>>>>> of those 8 Million people want jobs.
>>>>> Do you really believe that?
>>>>> Traditionally about two thirds of the working age people want jobs, so
>>>>> if we make the assumption that about 2/3rds of that 8 million people
>>>>> want jobs, that would mean that almost 6 million people are not being
>>>>> counted as unemployed but should be. Doing the math in my head, that
>>>>> comes to about 3% more unemployment - or a total of about 11% instead of
>>>>> the 7.8% they are claiming.
>>>>> Of course the percentage unemployed goes down if you quit counting
>>>>> people, but a person would have to be an idiot to believe that none of
>>>>> those people want jobs.
>>>> I just noticed a typo in what I wrote - I said employment went up by 61
>>>> thousand, I meant it went down by 61 thousand. The actual employment
>>>> numbers just above that line are correct, I just typed the math backwards.
>>> You made another mistake on the "Traditionally about two thirds of the
>>> working age people want jobs,". That is a fairly recent development.
>>> Prior to the boomers growing up the number was lower than that.
>> Is it your position that none of that 8 million wanted jobs?
>> Any percentage you pick raises the true unemployment rate. So - you can
>> claim that only half, instead of two thirds want jobs, and that means
>> that we have another (uncounted) 4 million unemployed (rather than the 6
>> million I estimated). Do you think that changes the reality that the
>> unemployed are under counted, and that in truth the unemployment is
>> much higher than 7.8%?
> I think you are confusing folks who want a job with folks who do not
> need or want one. Not the welfare recipients Mike is whining about.
> Folks who were well paid when they worked and now are under 65, not
> working for various reasons, and not looking to go back to work.
> All the numbers can give you is how many folks there are and how many
> say they want a job. The numbers do not tell why the folks are not
> working or looking. It is as easy and as relative to say that they
> number has dropped to reflect the number of under 65 folks who do not
> need to work now. That is good news to a lot of us. ;-)
That is a completely asinine assertion. We have an economy that is so stagnant that many experts have already declared that we are in a recession. We are creating so few jobs that we cannot even keep up with population growth. How stupid do you have to be to believe that the entire 8 million under-counted unemployed are old folks taking early retirement. Look at the U6 number - it has remained at over 14% since the recession. People are not retiring, they are giving up.
-- Bruce
"The truth is hate speech for those who hate truth."
>On 10/12/2012 1:55 AM, nothermark wrote:
>> On Thu, 11 Oct 2012 15:38:25 -0700, Bruce S <bruce.sn...@gmail.com>
>> wrote:
>>> On 10/11/2012 12:37 PM, nothermark wrote:
>>>> On Wed, 10 Oct 2012 15:50:45 -0700, Bruce S <bruce.sn...@gmail.com>
>>>> wrote:
>>>>> On 10/10/2012 3:27 PM, Bruce S wrote:
>>>>>> On 10/10/2012 2:32 PM, Hank wrote:
>>>>>>> On Tuesday, October 9, 2012 3:25:34 PM UTC-4, bruce wrote:
>>>>>>>> You still can't read for comprehension, can you?
>>>>>>>> You didn't amuse me, I amused myself providing information that I knew
>>>>>>>> you would ignore.
>>>>>>>> --
>>>>>>>> Bruce
>>>>>>> Seriously, do you really believe there are more people out of work now
>>>>>>> than When O took office?
>>>>>>> Hank
>>>>>> Yes - a lot more.
>>>>>> Here are some official numbers from the Bureau of Labor Statistics:
>>>>>> Total employment Sept. 2012 - 133,500,000
>>>>>> Total employment Jan. 2009 - 133,561,000
>>>>>> Total working age population growth during those years - 7,865,000
>>>>>> So, the population has gone up by almost 8 million people, but the
>>>>>> number of people holding jobs has gone up by 61 thousand. The only way
>>>>>> to claim that unemployment is less now than then is to believe that NONE
>>>>>> of those 8 Million people want jobs.
>>>>>> Do you really believe that?
>>>>>> Traditionally about two thirds of the working age people want jobs, so
>>>>>> if we make the assumption that about 2/3rds of that 8 million people
>>>>>> want jobs, that would mean that almost 6 million people are not being
>>>>>> counted as unemployed but should be. Doing the math in my head, that
>>>>>> comes to about 3% more unemployment - or a total of about 11% instead of
>>>>>> the 7.8% they are claiming.
>>>>>> Of course the percentage unemployed goes down if you quit counting
>>>>>> people, but a person would have to be an idiot to believe that none of
>>>>>> those people want jobs.
>>>>> I just noticed a typo in what I wrote - I said employment went up by 61
>>>>> thousand, I meant it went down by 61 thousand. The actual employment
>>>>> numbers just above that line are correct, I just typed the math backwards.
>>>> You made another mistake on the "Traditionally about two thirds of the
>>>> working age people want jobs,". That is a fairly recent development.
>>>> Prior to the boomers growing up the number was lower than that.
>>> Is it your position that none of that 8 million wanted jobs?
>>> Any percentage you pick raises the true unemployment rate. So - you can
>>> claim that only half, instead of two thirds want jobs, and that means
>>> that we have another (uncounted) 4 million unemployed (rather than the 6
>>> million I estimated). Do you think that changes the reality that the
>>> unemployed are under counted, and that in truth the unemployment is
>>> much higher than 7.8%?
>> I think you are confusing folks who want a job with folks who do not
>> need or want one. Not the welfare recipients Mike is whining about.
>> Folks who were well paid when they worked and now are under 65, not
>> working for various reasons, and not looking to go back to work.
>> All the numbers can give you is how many folks there are and how many
>> say they want a job. The numbers do not tell why the folks are not
>> working or looking. It is as easy and as relative to say that they
>> number has dropped to reflect the number of under 65 folks who do not
>> need to work now. That is good news to a lot of us. ;-)
>That is a completely asinine assertion. We have an economy that is so >stagnant that many experts have already declared that we are in a >recession. We are creating so few jobs that we cannot even keep up with >population growth. How stupid do you have to be to believe that the >entire 8 million under-counted unemployed are old folks taking early >retirement. Look at the U6 number - it has remained at over 14% since >the recession. People are not retiring, they are giving up.
> On Fri, 12 Oct 2012 09:43:24 -0700, Bruce S <bruce.sn...@gmail.com>
> wrote:
>> On 10/12/2012 1:55 AM, nothermark wrote:
>>> On Thu, 11 Oct 2012 15:38:25 -0700, Bruce S <bruce.sn...@gmail.com>
>>> wrote:
>>>> On 10/11/2012 12:37 PM, nothermark wrote:
>>>>> On Wed, 10 Oct 2012 15:50:45 -0700, Bruce S <bruce.sn...@gmail.com>
>>>>> wrote:
>>>>>> On 10/10/2012 3:27 PM, Bruce S wrote:
>>>>>>> On 10/10/2012 2:32 PM, Hank wrote:
>>>>>>>> On Tuesday, October 9, 2012 3:25:34 PM UTC-4, bruce wrote:
>>>>>>>>> You still can't read for comprehension, can you?
>>>>>>>>> You didn't amuse me, I amused myself providing information that I knew
>>>>>>>>> you would ignore.
>>>>>>>>> --
>>>>>>>>> Bruce
>>>>>>>> Seriously, do you really believe there are more people out of work now
>>>>>>>> than When O took office?
>>>>>>>> Hank
>>>>>>> Yes - a lot more.
>>>>>>> Here are some official numbers from the Bureau of Labor Statistics:
>>>>>>> Total employment Sept. 2012 - 133,500,000
>>>>>>> Total employment Jan. 2009 - 133,561,000
>>>>>>> Total working age population growth during those years - 7,865,000
>>>>>>> So, the population has gone up by almost 8 million people, but the
>>>>>>> number of people holding jobs has gone up by 61 thousand. The only way
>>>>>>> to claim that unemployment is less now than then is to believe that NONE
>>>>>>> of those 8 Million people want jobs.
>>>>>>> Do you really believe that?
>>>>>>> Traditionally about two thirds of the working age people want jobs, so
>>>>>>> if we make the assumption that about 2/3rds of that 8 million people
>>>>>>> want jobs, that would mean that almost 6 million people are not being
>>>>>>> counted as unemployed but should be. Doing the math in my head, that
>>>>>>> comes to about 3% more unemployment - or a total of about 11% instead of
>>>>>>> the 7.8% they are claiming.
>>>>>>> Of course the percentage unemployed goes down if you quit counting
>>>>>>> people, but a person would have to be an idiot to believe that none of
>>>>>>> those people want jobs.
>>>>>> I just noticed a typo in what I wrote - I said employment went up by 61
>>>>>> thousand, I meant it went down by 61 thousand. The actual employment
>>>>>> numbers just above that line are correct, I just typed the math backwards.
>>>>> You made another mistake on the "Traditionally about two thirds of the
>>>>> working age people want jobs,". That is a fairly recent development.
>>>>> Prior to the boomers growing up the number was lower than that.
>>>> Is it your position that none of that 8 million wanted jobs?
>>>> Any percentage you pick raises the true unemployment rate. So - you can
>>>> claim that only half, instead of two thirds want jobs, and that means
>>>> that we have another (uncounted) 4 million unemployed (rather than the 6
>>>> million I estimated). Do you think that changes the reality that the
>>>> unemployed are under counted, and that in truth the unemployment is
>>>> much higher than 7.8%?
>>> I think you are confusing folks who want a job with folks who do not
>>> need or want one. Not the welfare recipients Mike is whining about.
>>> Folks who were well paid when they worked and now are under 65, not
>>> working for various reasons, and not looking to go back to work.
>>> All the numbers can give you is how many folks there are and how many
>>> say they want a job. The numbers do not tell why the folks are not
>>> working or looking. It is as easy and as relative to say that they
>>> number has dropped to reflect the number of under 65 folks who do not
>>> need to work now. That is good news to a lot of us. ;-)
>> That is a completely asinine assertion. We have an economy that is so
>> stagnant that many experts have already declared that we are in a
>> recession. We are creating so few jobs that we cannot even keep up with
>> population growth. How stupid do you have to be to believe that the
>> entire 8 million under-counted unemployed are old folks taking early
>> retirement. Look at the U6 number - it has remained at over 14% since
>> the recession. People are not retiring, they are giving up.
> Did you retire early or give up?
The difference is that I retired because I wanted out of the work force - and even then 2 years later than I wanted to - and the economy was going strong at the time. I could have continued to work for as long as I wanted to - I could still be working as a probation officer if I wanted to.
The people we are talking about are people who still wanted to work, but were forced out due to the bad economy. That is a major difference, even if you can't figure it out.
-- Bruce
"The truth is hate speech for those who hate truth."
>On 10/12/2012 1:55 AM, nothermark wrote:
>> On Thu, 11 Oct 2012 13:00:02 -0500, Mike Hendrix <mike (at) travellogs
>> (dot) us> wrote:
>>> On Thu, 11 Oct 2012 09:45:40 -0700, Bruce S <bruce.sn...@gmail.com>
>>> wrote:
>>>> On 10/11/2012 3:15 AM, Hank wrote:
>>>>> On Wednesday, October 10, 2012 6:50:43 PM UTC-4, bruce wrote:
>>>>>>> Yes - a lot more.
>>>>>>> Here are some official numbers from the Bureau of Labor Statistics:
>>>>>>> Total employment Sept. 2012 - 133,500,000
>>>>>>> Total employment Jan. 2009 - 133,561,000
>>>>>>> Total working age population growth during those years - 7,865,000
>>>>>>> So, the population has gone up by almost 8 million people, but the
>>>>>>> number of people holding jobs has gone up by 61 thousand. The only way
>>>>>>> to claim that unemployment is less now than then is to believe that NONE
>>>>>>> of those 8 Million people want jobs.
>>>>>>> Do you really believe that?
>>>>>>> Traditionally about two thirds of the working age people want jobs, so
>>>>>>> if we make the assumption that about 2/3rds of that 8 million people
>>>>>>> want jobs, that would mean that almost 6 million people are not being
>>>>>>> counted as unemployed but should be. Doing the math in my head, that
>>>>>>> comes to about 3% more unemployment - or a total of about 11% instead of
>>>>>>> the 7.8% they are claiming.
>>>>>>> Of course the percentage unemployed goes down if you quit counting
>>>>>>> people, but a person would have to be an idiot to believe that none of
>>>>>>> those people want jobs.
>>>>>> I just noticed a typo in what I wrote - I said employment went up by 61
>>>>>> thousand, I meant it went down by 61 thousand. The actual employment
>>>>>> numbers just above that line are correct, I just typed the math backwards.
>>>>>> --
>>>>>> Bruce
>>>>> You can't just use the working age stats and employment stats for figuring unemployment. There are other factors that have to be taken into consideration. It's not as simple as you think.
>>>>> If you wasn't so lazy, you'd figure out how to delete a post after you send it. Sound familiar? :-)
>>>>> Hank
>>>> You still haven't answered my question (and I DID answer yours): Do you
>>>> really believe that NONE of those 8 million people who came into the
>>>> workforce age group wanted jobs?
>>>> It's a simple yes or no question.
>>>> Fewer people have jobs today than had jobs 4 years ago.
>>>> 8 million people entered the employment age group.
>>>> How is that possible?
>>> -------------------------------
>>> Something tells me that Hank is going to pull a nothermark and not
>>> provide that answer.
>>> If it was nothermark he would reply with a canard........ if you do
>>> get a reply expect just that...... a canard.
>>> mike
>> I'd go here and look for a cross correlation to folks on early
>> retirement. That is probably the answer. The more one is past 55 the
>> harder it becomes to get a decent job if one is laid off. If one has
>> the resources then why push to take a low paying job?
>In my opinion, being forced to retire is the same as being unemployed. >I retired at age 57 because I wanted to retire - I would have retired at >23, but couldn't afford it. I had planned on retiring at age 55 but >because of my father's health, I continued to work till after he died >and my mother moved back to AZ and stabilized.
>So I was done working at age 57 - but that had NOTHING to do with the >economy, or availability of work - I just wanted out. On the other >hand, if I had been laid off and ended up spending my retirement money >to survive because I couldn't find a job, I would have considered myself >unemployed, not retired.
OMFG You did not work until you were 65???? How could you look
yourself in the face in a mirror?
;-)
My point is that the aberration is trying to put everybody between 18
and 65 or whatever into the work force. We never achieved that
number. We did get a peak with the boomers because a lot more women
chose to work instead of stay home and live off of some man. For a
variety of reasons that number is probably dipping back down as folks
decide that somebody home with the kids is important, or a host of
other reasons already mentioned.
I was looking for a historical trend in workforce size and found this:
If you look at the numbers the historical workforce is closer to 50%
than the 2/3 you tossed out. If you have better numbers it would be
interesting. If not the 2/3 is your first problem as it is too high.
| >> When the fawning press says we added 80,000 jobs this month, what they
| >> really mean is we had a net LOSS of 40,000 jobs.
| >> When Obama says he created 1.2 million jobs, the fact is,
| >> if you count the number of new people to the workforce, there was a 1.44
| >> million net LOSS of jobs
| >>
| >
| >ROFL.
| >I'm going to wait to see if someone else comments on that.
|
|
| I'm waiting to see how we can do anything about it unless we pull back
| the jobs we exported.
Forget that. That could only be done if US labor was willing to work for overseas $$$ and/or Americans were willing to pay much more for products.
On Fri, 12 Oct 2012 16:11:38 -0400, "Vito" <v...@cfl.rr.com> wrote:
>"nothermark" <notherm...@not.here> wrote
>| Max <thesameol...@att.net> wrote: ....
>| >> When the fawning press says we added 80,000 jobs this month, what >they
>| >> really mean is we had a net LOSS of 40,000 jobs.
>| >> When Obama says he created 1.2 million jobs, the fact is,
>| >> if you count the number of new people to the workforce, there was a >1.44
>| >> million net LOSS of jobs
>| >>
>| >
>| >ROFL.
>| >I'm going to wait to see if someone else comments on that.
>|
>|
>| I'm waiting to see how we can do anything about it unless we pull back
>| the jobs we exported.
>Forget that. That could only be done if US labor was willing to work for >overseas $$$ and/or Americans were willing to pay much more for products.
From the limited number of cases I have seen the difference is not
that great on one hand. On the other, we cannot bleed money forever.
Do you want to be ruled by the Chinese?
> On Fri, 12 Oct 2012 09:38:32 -0700, Bruce S <bruce.sn...@gmail.com>
> wrote:
>> On 10/12/2012 1:55 AM, nothermark wrote:
>>> On Thu, 11 Oct 2012 13:00:02 -0500, Mike Hendrix <mike (at) travellogs
>>> (dot) us> wrote:
>>>> On Thu, 11 Oct 2012 09:45:40 -0700, Bruce S <bruce.sn...@gmail.com>
>>>> wrote:
>>>>> On 10/11/2012 3:15 AM, Hank wrote:
>>>>>> On Wednesday, October 10, 2012 6:50:43 PM UTC-4, bruce wrote:
>>>>>>>> Yes - a lot more.
>>>>>>>> Here are some official numbers from the Bureau of Labor Statistics:
>>>>>>>> Total employment Sept. 2012 - 133,500,000
>>>>>>>> Total employment Jan. 2009 - 133,561,000
>>>>>>>> Total working age population growth during those years - 7,865,000
>>>>>>>> So, the population has gone up by almost 8 million people, but the
>>>>>>>> number of people holding jobs has gone up by 61 thousand. The only way
>>>>>>>> to claim that unemployment is less now than then is to believe that NONE
>>>>>>>> of those 8 Million people want jobs.
>>>>>>>> Do you really believe that?
>>>>>>>> Traditionally about two thirds of the working age people want jobs, so
>>>>>>>> if we make the assumption that about 2/3rds of that 8 million people
>>>>>>>> want jobs, that would mean that almost 6 million people are not being
>>>>>>>> counted as unemployed but should be. Doing the math in my head, that
>>>>>>>> comes to about 3% more unemployment - or a total of about 11% instead of
>>>>>>>> the 7.8% they are claiming.
>>>>>>>> Of course the percentage unemployed goes down if you quit counting
>>>>>>>> people, but a person would have to be an idiot to believe that none of
>>>>>>>> those people want jobs.
>>>>>>> I just noticed a typo in what I wrote - I said employment went up by 61
>>>>>>> thousand, I meant it went down by 61 thousand. The actual employment
>>>>>>> numbers just above that line are correct, I just typed the math backwards.
>>>>>>> --
>>>>>>> Bruce
>>>>>> You can't just use the working age stats and employment stats for figuring unemployment. There are other factors that have to be taken into consideration. It's not as simple as you think.
>>>>>> If you wasn't so lazy, you'd figure out how to delete a post after you send it. Sound familiar? :-)
>>>>>> Hank
>>>>> You still haven't answered my question (and I DID answer yours): Do you
>>>>> really believe that NONE of those 8 million people who came into the
>>>>> workforce age group wanted jobs?
>>>>> It's a simple yes or no question.
>>>>> Fewer people have jobs today than had jobs 4 years ago.
>>>>> 8 million people entered the employment age group.
>>>>> How is that possible?
>>>> -------------------------------
>>>> Something tells me that Hank is going to pull a nothermark and not
>>>> provide that answer.
>>>> If it was nothermark he would reply with a canard........ if you do
>>>> get a reply expect just that...... a canard.
>>>> mike
>>> I'd go here and look for a cross correlation to folks on early
>>> retirement. That is probably the answer. The more one is past 55 the
>>> harder it becomes to get a decent job if one is laid off. If one has
>>> the resources then why push to take a low paying job?
>> In my opinion, being forced to retire is the same as being unemployed.
>> I retired at age 57 because I wanted to retire - I would have retired at
>> 23, but couldn't afford it. I had planned on retiring at age 55 but
>> because of my father's health, I continued to work till after he died
>> and my mother moved back to AZ and stabilized.
>> So I was done working at age 57 - but that had NOTHING to do with the
>> economy, or availability of work - I just wanted out. On the other
>> hand, if I had been laid off and ended up spending my retirement money
>> to survive because I couldn't find a job, I would have considered myself
>> unemployed, not retired.
> OMFG You did not work until you were 65???? How could you look
> yourself in the face in a mirror?
> ;-)
> My point is that the aberration is trying to put everybody between 18
> and 65 or whatever into the work force. We never achieved that
> number. We did get a peak with the boomers because a lot more women
> chose to work instead of stay home and live off of some man. For a
> variety of reasons that number is probably dipping back down as folks
> decide that somebody home with the kids is important, or a host of
> other reasons already mentioned.
> I was looking for a historical trend in workforce size and found this:
> If you look at the numbers the historical workforce is closer to 50%
> than the 2/3 you tossed out. If you have better numbers it would be
> interesting. If not the 2/3 is your first problem as it is too high.
Even if you are correct that it is 50% rather than 66%, that still means 4 million people are not being counted as unemployed, even though they want to work.
Today there are fewer people holding jobs than there were when 0bama took office.
Your claim is that NONE of the 8 million people who entered the workforce in the last 4 years want jobs. That is an asinine assertion.
-- Bruce
"The truth is hate speech for those who hate truth."
>On 10/12/2012 12:36 PM, nothermark wrote:
>> On Fri, 12 Oct 2012 09:38:32 -0700, Bruce S <bruce.sn...@gmail.com>
>> wrote:
>>> On 10/12/2012 1:55 AM, nothermark wrote:
>>>> On Thu, 11 Oct 2012 13:00:02 -0500, Mike Hendrix <mike (at) travellogs
>>>> (dot) us> wrote:
>>>>> On Thu, 11 Oct 2012 09:45:40 -0700, Bruce S <bruce.sn...@gmail.com>
>>>>> wrote:
>>>>>> On 10/11/2012 3:15 AM, Hank wrote:
>>>>>>> On Wednesday, October 10, 2012 6:50:43 PM UTC-4, bruce wrote:
>>>>>>>>> Yes - a lot more.
>>>>>>>>> Here are some official numbers from the Bureau of Labor Statistics:
>>>>>>>>> Total employment Sept. 2012 - 133,500,000
>>>>>>>>> Total employment Jan. 2009 - 133,561,000
>>>>>>>>> Total working age population growth during those years - 7,865,000
>>>>>>>>> So, the population has gone up by almost 8 million people, but the
>>>>>>>>> number of people holding jobs has gone up by 61 thousand. The only way
>>>>>>>>> to claim that unemployment is less now than then is to believe that NONE
>>>>>>>>> of those 8 Million people want jobs.
>>>>>>>>> Do you really believe that?
>>>>>>>>> Traditionally about two thirds of the working age people want jobs, so
>>>>>>>>> if we make the assumption that about 2/3rds of that 8 million people
>>>>>>>>> want jobs, that would mean that almost 6 million people are not being
>>>>>>>>> counted as unemployed but should be. Doing the math in my head, that
>>>>>>>>> comes to about 3% more unemployment - or a total of about 11% instead of
>>>>>>>>> the 7.8% they are claiming.
>>>>>>>>> Of course the percentage unemployed goes down if you quit counting
>>>>>>>>> people, but a person would have to be an idiot to believe that none of
>>>>>>>>> those people want jobs.
>>>>>>>> I just noticed a typo in what I wrote - I said employment went up by 61
>>>>>>>> thousand, I meant it went down by 61 thousand. The actual employment
>>>>>>>> numbers just above that line are correct, I just typed the math backwards.
>>>>>>>> --
>>>>>>>> Bruce
>>>>>>> You can't just use the working age stats and employment stats for figuring unemployment. There are other factors that have to be taken into consideration. It's not as simple as you think.
>>>>>>> If you wasn't so lazy, you'd figure out how to delete a post after you send it. Sound familiar? :-)
>>>>>>> Hank
>>>>>> You still haven't answered my question (and I DID answer yours): Do you
>>>>>> really believe that NONE of those 8 million people who came into the
>>>>>> workforce age group wanted jobs?
>>>>>> It's a simple yes or no question.
>>>>>> Fewer people have jobs today than had jobs 4 years ago.
>>>>>> 8 million people entered the employment age group.
>>>>>> How is that possible?
>>>>> -------------------------------
>>>>> Something tells me that Hank is going to pull a nothermark and not
>>>>> provide that answer.
>>>>> If it was nothermark he would reply with a canard........ if you do
>>>>> get a reply expect just that...... a canard.
>>>>> mike
>>>> I'd go here and look for a cross correlation to folks on early
>>>> retirement. That is probably the answer. The more one is past 55 the
>>>> harder it becomes to get a decent job if one is laid off. If one has
>>>> the resources then why push to take a low paying job?
>>> In my opinion, being forced to retire is the same as being unemployed.
>>> I retired at age 57 because I wanted to retire - I would have retired at
>>> 23, but couldn't afford it. I had planned on retiring at age 55 but
>>> because of my father's health, I continued to work till after he died
>>> and my mother moved back to AZ and stabilized.
>>> So I was done working at age 57 - but that had NOTHING to do with the
>>> economy, or availability of work - I just wanted out. On the other
>>> hand, if I had been laid off and ended up spending my retirement money
>>> to survive because I couldn't find a job, I would have considered myself
>>> unemployed, not retired.
>> OMFG You did not work until you were 65???? How could you look
>> yourself in the face in a mirror?
>> ;-)
>> My point is that the aberration is trying to put everybody between 18
>> and 65 or whatever into the work force. We never achieved that
>> number. We did get a peak with the boomers because a lot more women
>> chose to work instead of stay home and live off of some man. For a
>> variety of reasons that number is probably dipping back down as folks
>> decide that somebody home with the kids is important, or a host of
>> other reasons already mentioned.
>> I was looking for a historical trend in workforce size and found this:
>> If you look at the numbers the historical workforce is closer to 50%
>> than the 2/3 you tossed out. If you have better numbers it would be
>> interesting. If not the 2/3 is your first problem as it is too high.
>Even if you are correct that it is 50% rather than 66%, that still means >4 million people are not being counted as unemployed, even though they >want to work.
>Today there are fewer people holding jobs than there were when 0bama >took office.
>Your claim is that NONE of the 8 million people who entered the >workforce in the last 4 years want jobs. That is an asinine assertion.
You still have not shown who those people are or even proof they
exist. All you have is a raw number and an assumption it means
something. I gave you a host of reasons why it may not and why the
governmnet numbers are probably correct. Can't you come up with
anything factual that does better than that?
> On Fri, 12 Oct 2012 15:43:04 -0700, Bruce S <bruce.sn...@gmail.com>
> wrote:
>>> If you look at the numbers the historical workforce is closer to 50%
>>> than the 2/3 you tossed out. If you have better numbers it would be
>>> interesting. If not the 2/3 is your first problem as it is too high.
>> Even if you are correct that it is 50% rather than 66%, that still means
>> 4 million people are not being counted as unemployed, even though they
>> want to work.
>> Today there are fewer people holding jobs than there were when 0bama
>> took office.
>> Your claim is that NONE of the 8 million people who entered the
>> workforce in the last 4 years want jobs. That is an asinine assertion.
> You still have not shown who those people are or even proof they
> exist. All you have is a raw number and an assumption it means
> something. I gave you a host of reasons why it may not and why the
> governmnet numbers are probably correct. Can't you come up with
> anything factual that does better than that?
OK, lets try this question from another direction. We KNOW FOR A FACT that there are fewer people working today than there were when 0bama took office. We also KNOW FOR A FACT that the working age population in this country has gone up by almost 8 million people in that same time frame.
So, you explain it. Why, at this point in history, are 8 million people, many of whom would have been seeking jobs in times past, not seeking jobs today?
And bear in mind that anyone FORCED out of the job market is unemployed and should be counted as such.
People who simply gave up because no jobs were available are unemployed.
People who stopped looking because they can't live on minimum wage are unemployed.
So, why do none of those 8 million people want jobs?
-- Bruce
"The truth is hate speech for those who hate truth."
>On 10/13/2012 9:46 AM, nothermark wrote:
>> On Fri, 12 Oct 2012 15:43:04 -0700, Bruce S <bruce.sn...@gmail.com>
>> wrote:
>>>> If you look at the numbers the historical workforce is closer to 50%
>>>> than the 2/3 you tossed out. If you have better numbers it would be
>>>> interesting. If not the 2/3 is your first problem as it is too high.
>>> Even if you are correct that it is 50% rather than 66%, that still means
>>> 4 million people are not being counted as unemployed, even though they
>>> want to work.
>>> Today there are fewer people holding jobs than there were when 0bama
>>> took office.
>>> Your claim is that NONE of the 8 million people who entered the
>>> workforce in the last 4 years want jobs. That is an asinine assertion.
>> You still have not shown who those people are or even proof they
>> exist. All you have is a raw number and an assumption it means
>> something. I gave you a host of reasons why it may not and why the
>> governmnet numbers are probably correct. Can't you come up with
>> anything factual that does better than that?
>OK, lets try this question from another direction. We KNOW FOR A FACT >that there are fewer people working today than there were when 0bama >took office. We also KNOW FOR A FACT that the working age population in >this country has gone up by almost 8 million people in that same time frame.
>So, you explain it. Why, at this point in history, are 8 million >people, many of whom would have been seeking jobs in times past, not >seeking jobs today?
>And bear in mind that anyone FORCED out of the job market is unemployed >and should be counted as such.
>People who simply gave up because no jobs were available are unemployed.
>People who stopped looking because they can't live on minimum wage are >unemployed.
>So, why do none of those 8 million people want jobs?
I gave you a long list of why people choose not to work. You are
trying to force an issue that is not there. If someone decides that
going back to work does not make economic sense that does not make
them "unemployed". It means they have taken advantage of
circumstances that do not require them to work or make it undesirable
to work.
In my relatively small world I know more folks who retired early and
are not looking than I do who worked all the way to 65/66 like I did.
That is a direct result of the 401K, one does not have to work until
65 to get a pension. A lot more folks are covered by 20 good years
to get retiement for a lot of governmnet and some private sector jobs.
I agree that some did have the decision made for them but then decided
they had better things to do than to go back to work. Some had
planned and executed the plan to be free earlier than 65 and some saw
a chance and grabbed it. A few of us wanted to keep working and did.
I may look at the job market next year and I may not. I would like
some short run contract work just to keep playing with the goodies.
Some of them fall into the third issue. With folks living longer I
have several friends and am in a situation where we are care givers to
parents. With more folks living into their 80's and 90's more folks in
their late 50's and 60's are finding themselves in a position where it
makes more economic sense to care for mom than it does to go back to
work and pay somebody else to do it. It sounds like that was a factor
for you.
Another significant group were dual income professionals. Their
spouse is still working and making more than enough to get by on.
Think Vito type stories.
The more I think about it the more convinced I am that the driver is
the shift to the 401K. Folks who depend on a company pension usually
had to work to 65 to get it. I can remember some pretty beat up folks
hobbling in to work to get their pension. I did something like that
to max my Social Security. OTOH I know a lot of folks who did not
need to worry about that. When they got laid off before 65 they just
looked at their package and decided they could start drawing off their
interest from their 401K and live well enough to stop working. If you
have over a million stashed it is still quite possible. ;-)
"nothermark" <notherm...@not.here> wrote
| >Forget that. That could only be done if US labor was willing to work for
| >overseas $$$ and/or Americans were willing to pay much more for products.
| >
|
| From the limited number of cases I have seen the difference is not
| that great on one hand. On the other, we cannot bleed money forever.
| Do you want to be ruled by the Chinese?
> On Sat, 13 Oct 2012 10:41:23 -0700, Bruce S <bruce.sn...@gmail.com>
> wrote:
>> On 10/13/2012 9:46 AM, nothermark wrote:
>>> On Fri, 12 Oct 2012 15:43:04 -0700, Bruce S <bruce.sn...@gmail.com>
>>> wrote:
>>>>> If you look at the numbers the historical workforce is closer to 50%
>>>>> than the 2/3 you tossed out. If you have better numbers it would be
>>>>> interesting. If not the 2/3 is your first problem as it is too high.
>>>> Even if you are correct that it is 50% rather than 66%, that still means
>>>> 4 million people are not being counted as unemployed, even though they
>>>> want to work.
>>>> Today there are fewer people holding jobs than there were when 0bama
>>>> took office.
>>>> Your claim is that NONE of the 8 million people who entered the
>>>> workforce in the last 4 years want jobs. That is an asinine assertion.
>>> You still have not shown who those people are or even proof they
>>> exist. All you have is a raw number and an assumption it means
>>> something. I gave you a host of reasons why it may not and why the
>>> governmnet numbers are probably correct. Can't you come up with
>>> anything factual that does better than that?
>> OK, lets try this question from another direction. We KNOW FOR A FACT
>> that there are fewer people working today than there were when 0bama
>> took office. We also KNOW FOR A FACT that the working age population in
>> this country has gone up by almost 8 million people in that same time frame.
>> So, you explain it. Why, at this point in history, are 8 million
>> people, many of whom would have been seeking jobs in times past, not
>> seeking jobs today?
>> And bear in mind that anyone FORCED out of the job market is unemployed
>> and should be counted as such.
>> People who simply gave up because no jobs were available are unemployed.
>> People who stopped looking because they can't live on minimum wage are
>> unemployed.
>> So, why do none of those 8 million people want jobs?
> I gave you a long list of why people choose not to work. You are
> trying to force an issue that is not there. If someone decides that
> going back to work does not make economic sense that does not make
> them "unemployed". It means they have taken advantage of
> circumstances that do not require them to work or make it undesirable
> to work.
> In my relatively small world I know more folks who retired early and
> are not looking than I do who worked all the way to 65/66 like I did.
> That is a direct result of the 401K, one does not have to work until
> 65 to get a pension. A lot more folks are covered by 20 good years
> to get retiement for a lot of governmnet and some private sector jobs.
> I agree that some did have the decision made for them but then decided
> they had better things to do than to go back to work. Some had
> planned and executed the plan to be free earlier than 65 and some saw
> a chance and grabbed it. A few of us wanted to keep working and did.
> I may look at the job market next year and I may not. I would like
> some short run contract work just to keep playing with the goodies.
> Some of them fall into the third issue. With folks living longer I
> have several friends and am in a situation where we are care givers to
> parents. With more folks living into their 80's and 90's more folks in
> their late 50's and 60's are finding themselves in a position where it
> makes more economic sense to care for mom than it does to go back to
> work and pay somebody else to do it. It sounds like that was a factor
> for you.
> Another significant group were dual income professionals. Their
> spouse is still working and making more than enough to get by on.
> Think Vito type stories.
> The more I think about it the more convinced I am that the driver is
> the shift to the 401K. Folks who depend on a company pension usually
> had to work to 65 to get it. I can remember some pretty beat up folks
> hobbling in to work to get their pension. I did something like that
> to max my Social Security. OTOH I know a lot of folks who did not
> need to worry about that. When they got laid off before 65 they just
> looked at their package and decided they could start drawing off their
> interest from their 401K and live well enough to stop working. If you
> have over a million stashed it is still quite possible. ;-)
Your reasons are completely irrational. For anyone to believe that at every other time in human history people chose to work, but that in the 0bama administration they voluntarily decided to take some time off is insane.
So, after Romney is elected, and he signs a couple executive orders which permit employers to hire a million people between January and March, when 6 million of those uncounted people decide to apply for those million jobs, will you have a whole new set of excuses for the sudden increase in unemployment to 11%?
-- Bruce
"The truth is hate speech for those who hate truth."
On Saturday, October 6, 2012 4:06:33 AM UTC-7, Hank wrote:
> Reports show that the unemployment rate has dropped to 7.8% and the stock market hit a 5 year high.
> Just sayin' :-)
> Hank
true alot of people do not pay taxes especially the pan handelers. but hey if your making thoudsands a year you wouldnt have to worry about it. you can be making a thousand plus a week with Motor Club of America and you get benefits like AAA. heres more info : MORE INFO: http://mcaworkforce.com/?a=13847
>On 10/13/2012 4:14 PM, nothermark wrote:
>> On Sat, 13 Oct 2012 10:41:23 -0700, Bruce S <bruce.sn...@gmail.com>
>> wrote:
>>> On 10/13/2012 9:46 AM, nothermark wrote:
>>>> On Fri, 12 Oct 2012 15:43:04 -0700, Bruce S <bruce.sn...@gmail.com>
>>>> wrote:
>>>>>> If you look at the numbers the historical workforce is closer to 50%
>>>>>> than the 2/3 you tossed out. If you have better numbers it would be
>>>>>> interesting. If not the 2/3 is your first problem as it is too high.
>>>>> Even if you are correct that it is 50% rather than 66%, that still means
>>>>> 4 million people are not being counted as unemployed, even though they
>>>>> want to work.
>>>>> Today there are fewer people holding jobs than there were when 0bama
>>>>> took office.
>>>>> Your claim is that NONE of the 8 million people who entered the
>>>>> workforce in the last 4 years want jobs. That is an asinine assertion.
>>>> You still have not shown who those people are or even proof they
>>>> exist. All you have is a raw number and an assumption it means
>>>> something. I gave you a host of reasons why it may not and why the
>>>> governmnet numbers are probably correct. Can't you come up with
>>>> anything factual that does better than that?
>>> OK, lets try this question from another direction. We KNOW FOR A FACT
>>> that there are fewer people working today than there were when 0bama
>>> took office. We also KNOW FOR A FACT that the working age population in
>>> this country has gone up by almost 8 million people in that same time frame.
>>> So, you explain it. Why, at this point in history, are 8 million
>>> people, many of whom would have been seeking jobs in times past, not
>>> seeking jobs today?
>>> And bear in mind that anyone FORCED out of the job market is unemployed
>>> and should be counted as such.
>>> People who simply gave up because no jobs were available are unemployed.
>>> People who stopped looking because they can't live on minimum wage are
>>> unemployed.
>>> So, why do none of those 8 million people want jobs?
>> I gave you a long list of why people choose not to work. You are
>> trying to force an issue that is not there. If someone decides that
>> going back to work does not make economic sense that does not make
>> them "unemployed". It means they have taken advantage of
>> circumstances that do not require them to work or make it undesirable
>> to work.
>> In my relatively small world I know more folks who retired early and
>> are not looking than I do who worked all the way to 65/66 like I did.
>> That is a direct result of the 401K, one does not have to work until
>> 65 to get a pension. A lot more folks are covered by 20 good years
>> to get retiement for a lot of governmnet and some private sector jobs.
>> I agree that some did have the decision made for them but then decided
>> they had better things to do than to go back to work. Some had
>> planned and executed the plan to be free earlier than 65 and some saw
>> a chance and grabbed it. A few of us wanted to keep working and did.
>> I may look at the job market next year and I may not. I would like
>> some short run contract work just to keep playing with the goodies.
>> Some of them fall into the third issue. With folks living longer I
>> have several friends and am in a situation where we are care givers to
>> parents. With more folks living into their 80's and 90's more folks in
>> their late 50's and 60's are finding themselves in a position where it
>> makes more economic sense to care for mom than it does to go back to
>> work and pay somebody else to do it. It sounds like that was a factor
>> for you.
>> Another significant group were dual income professionals. Their
>> spouse is still working and making more than enough to get by on.
>> Think Vito type stories.
>> The more I think about it the more convinced I am that the driver is
>> the shift to the 401K. Folks who depend on a company pension usually
>> had to work to 65 to get it. I can remember some pretty beat up folks
>> hobbling in to work to get their pension. I did something like that
>> to max my Social Security. OTOH I know a lot of folks who did not
>> need to worry about that. When they got laid off before 65 they just
>> looked at their package and decided they could start drawing off their
>> interest from their 401K and live well enough to stop working. If you
>> have over a million stashed it is still quite possible. ;-)
>Your reasons are completely irrational. For anyone to believe that at >every other time in human history people chose to work, but that in the >0bama administration they voluntarily decided to take some time off is >insane.
>So, after Romney is elected, and he signs a couple executive orders >which permit employers to hire a million people between January and >March, when 6 million of those uncounted people decide to apply for >those million jobs, will you have a whole new set of excuses for the >sudden increase in unemployment to 11%?
>On 10/13/2012 4:14 PM, nothermark wrote:
>> On Sat, 13 Oct 2012 10:41:23 -0700, Bruce S <bruce.sn...@gmail.com>
>> wrote:
>>> On 10/13/2012 9:46 AM, nothermark wrote:
>>>> On Fri, 12 Oct 2012 15:43:04 -0700, Bruce S <bruce.sn...@gmail.com>
>>>> wrote:
>>>>>> If you look at the numbers the historical workforce is closer to 50%
>>>>>> than the 2/3 you tossed out. If you have better numbers it would be
>>>>>> interesting. If not the 2/3 is your first problem as it is too high.
>>>>> Even if you are correct that it is 50% rather than 66%, that still means
>>>>> 4 million people are not being counted as unemployed, even though they
>>>>> want to work.
>>>>> Today there are fewer people holding jobs than there were when 0bama
>>>>> took office.
>>>>> Your claim is that NONE of the 8 million people who entered the
>>>>> workforce in the last 4 years want jobs. That is an asinine assertion.
>>>> You still have not shown who those people are or even proof they
>>>> exist. All you have is a raw number and an assumption it means
>>>> something. I gave you a host of reasons why it may not and why the
>>>> governmnet numbers are probably correct. Can't you come up with
>>>> anything factual that does better than that?
>>> OK, lets try this question from another direction. We KNOW FOR A FACT
>>> that there are fewer people working today than there were when 0bama
>>> took office. We also KNOW FOR A FACT that the working age population in
>>> this country has gone up by almost 8 million people in that same time frame.
>>> So, you explain it. Why, at this point in history, are 8 million
>>> people, many of whom would have been seeking jobs in times past, not
>>> seeking jobs today?
>>> And bear in mind that anyone FORCED out of the job market is unemployed
>>> and should be counted as such.
>>> People who simply gave up because no jobs were available are unemployed.
>>> People who stopped looking because they can't live on minimum wage are
>>> unemployed.
>>> So, why do none of those 8 million people want jobs?
>> I gave you a long list of why people choose not to work. You are
>> trying to force an issue that is not there. If someone decides that
>> going back to work does not make economic sense that does not make
>> them "unemployed". It means they have taken advantage of
>> circumstances that do not require them to work or make it undesirable
>> to work.
>> In my relatively small world I know more folks who retired early and
>> are not looking than I do who worked all the way to 65/66 like I did.
>> That is a direct result of the 401K, one does not have to work until
>> 65 to get a pension. A lot more folks are covered by 20 good years
>> to get retiement for a lot of governmnet and some private sector jobs.
>> I agree that some did have the decision made for them but then decided
>> they had better things to do than to go back to work. Some had
>> planned and executed the plan to be free earlier than 65 and some saw
>> a chance and grabbed it. A few of us wanted to keep working and did.
>> I may look at the job market next year and I may not. I would like
>> some short run contract work just to keep playing with the goodies.
>> Some of them fall into the third issue. With folks living longer I
>> have several friends and am in a situation where we are care givers to
>> parents. With more folks living into their 80's and 90's more folks in
>> their late 50's and 60's are finding themselves in a position where it
>> makes more economic sense to care for mom than it does to go back to
>> work and pay somebody else to do it. It sounds like that was a factor
>> for you.
>> Another significant group were dual income professionals. Their
>> spouse is still working and making more than enough to get by on.
>> Think Vito type stories.
>> The more I think about it the more convinced I am that the driver is
>> the shift to the 401K. Folks who depend on a company pension usually
>> had to work to 65 to get it. I can remember some pretty beat up folks
>> hobbling in to work to get their pension. I did something like that
>> to max my Social Security. OTOH I know a lot of folks who did not
>> need to worry about that. When they got laid off before 65 they just
>> looked at their package and decided they could start drawing off their
>> interest from their 401K and live well enough to stop working. If you
>> have over a million stashed it is still quite possible. ;-)
>Your reasons are completely irrational. For anyone to believe that at >every other time in human history people chose to work, but that in the >0bama administration they voluntarily decided to take some time off is >insane.
Your idea that the reasons are irrational is irrational. They are the
reasons folks I know used as they quit working before 65. The only
tie in to Obama is that they hit their late 50's or early 60' after he
was elected. Most, if not all, of these folks intended to retire
before 65 20 years ago.
The only difference is that they thought they would have even more
money. We had a couple that are retired NY Tier 1 teachers who
retired at 55 and 53 respectively. She got a buyout. They are now in
their early 60's and "getting by" on a measly $100,000 or so a year.
That's after they bought the place in SC. They are on the road about
1/2 of the year. I know a half dozen or so couples and another dozen
singles in the same shape.
You need to remember. The boomers are hitting retirement age. The
leading edge is past early retirement. That puts a large population
bubble at a point where they have options. Half are broke and cannot
retire. The other half is in pretty good shape so they could afford
to bail early and often had planned on doing it..
>So, after Romney is elected, and he signs a couple executive orders >which permit employers to hire a million people between January and >March, when 6 million of those uncounted people decide to apply for >those million jobs, will you have a whole new set of excuses for the >sudden increase in unemployment to 11%?
Hardly anybody I know has any intention of looking. I know a couple
in their early 50's that are looking now or expect to be looking if
Kodak goes belly up. All of them could stop now and live comfortably
if they had too. Two income engineers with the kids gone, the house
paid for, and a couple million in the 401K because they were socking
it away in the good years before things fell apart.
That is also making a lot of assumptions I would not make. Even if
Romney is elected I do not think he can create and additional million
jobs that easily or that fast.
On Saturday, October 13, 2012 8:58:25 PM UTC-4, bruce wrote:
> On 10/13/2012 4:14 PM, nothermark wrote:
> > On Sat, 13 Oct 2012 10:41:23 -0700, Bruce S <bruce.sn...@gmail.com>
> > wrote:
> >> On 10/13/2012 9:46 AM, nothermark wrote:
> >>> On Fri, 12 Oct 2012 15:43:04 -0700, Bruce S <bruce.sn...@gmail.com>
> >>> wrote:
> >>>>> If you look at the numbers the historical workforce is closer to 50%
> >>>>> than the 2/3 you tossed out. If you have better numbers it would be
> >>>>> interesting. If not the 2/3 is your first problem as it is too high.
> >>>> Even if you are correct that it is 50% rather than 66%, that still means
> >>>> 4 million people are not being counted as unemployed, even though they
> >>>> want to work.
> >>>> Today there are fewer people holding jobs than there were when 0bama
> >>>> took office.
> >>>> Your claim is that NONE of the 8 million people who entered the
> >>>> workforce in the last 4 years want jobs. That is an asinine assertion.
> >>> You still have not shown who those people are or even proof they
> >>> exist. All you have is a raw number and an assumption it means
> >>> something. I gave you a host of reasons why it may not and why the
> >>> governmnet numbers are probably correct. Can't you come up with
> >>> anything factual that does better than that?
> >> OK, lets try this question from another direction. We KNOW FOR A FACT
> >> that there are fewer people working today than there were when 0bama
> >> took office. We also KNOW FOR A FACT that the working age population in
> >> this country has gone up by almost 8 million people in that same time frame.
> >> So, you explain it. Why, at this point in history, are 8 million
> >> people, many of whom would have been seeking jobs in times past, not
> >> seeking jobs today?
> >> And bear in mind that anyone FORCED out of the job market is unemployed
> >> and should be counted as such.
> >> People who simply gave up because no jobs were available are unemployed.
> >> People who stopped looking because they can't live on minimum wage are
> >> unemployed.
> >> So, why do none of those 8 million people want jobs?
> > I gave you a long list of why people choose not to work. You are
> > trying to force an issue that is not there. If someone decides that
> > going back to work does not make economic sense that does not make
> > them "unemployed". It means they have taken advantage of
> > circumstances that do not require them to work or make it undesirable
> > to work.
> > In my relatively small world I know more folks who retired early and
> > are not looking than I do who worked all the way to 65/66 like I did.
> > That is a direct result of the 401K, one does not have to work until
> > 65 to get a pension. A lot more folks are covered by 20 good years
> > to get retiement for a lot of governmnet and some private sector jobs.
> > I agree that some did have the decision made for them but then decided
> > they had better things to do than to go back to work. Some had
> > planned and executed the plan to be free earlier than 65 and some saw
> > a chance and grabbed it. A few of us wanted to keep working and did.
> > I may look at the job market next year and I may not. I would like
> > some short run contract work just to keep playing with the goodies.
> > Some of them fall into the third issue. With folks living longer I
> > have several friends and am in a situation where we are care givers to
> > parents. With more folks living into their 80's and 90's more folks in
> > their late 50's and 60's are finding themselves in a position where it
> > makes more economic sense to care for mom than it does to go back to
> > work and pay somebody else to do it. It sounds like that was a factor
> > for you.
> > Another significant group were dual income professionals. Their
> > spouse is still working and making more than enough to get by on.
> > Think Vito type stories.
> > The more I think about it the more convinced I am that the driver is
> > the shift to the 401K. Folks who depend on a company pension usually
> > had to work to 65 to get it. I can remember some pretty beat up folks
> > hobbling in to work to get their pension. I did something like that
> > to max my Social Security. OTOH I know a lot of folks who did not
> > need to worry about that. When they got laid off before 65 they just
> > looked at their package and decided they could start drawing off their
> > interest from their 401K and live well enough to stop working. If you
> > have over a million stashed it is still quite possible. ;-)
> Your reasons are completely irrational. For anyone to believe that at
> every other time in human history people chose to work, but that in the
> 0bama administration they voluntarily decided to take some time off is
> insane.
> So, after Romney is elected, and he signs a couple executive orders
> which permit employers to hire a million people between January and
> March, when 6 million of those uncounted people decide to apply for
> those million jobs, will you have a whole new set of excuses for the
> sudden increase in unemployment to 11%?
> --
> Bruce
When I retired in 1996 at the age of 48, O wasn't in office, so don't blame him. I am only 64, so according to you, I am considered one of the unemployed because I don't have a job? I know MANY police and FF's who retired at 48. I believe your FACTS are skewed to the limit and doesn't show the TRUE figures.
A friend got laid off a couple years ago, ran out of unemployment. He is 57. He has no plans to go back to work because his house is paid for, his wife works, they have no bills. According to your figures, he is still counted as unemployed.
I probably PERSONALLY know hundreds like me and my friend.
Hank <~~~~ still part of the unemployed and lovin it! :-)
>> >Your reasons are completely irrational. For anyone to believe that at
>> >every other time in human history people chose to work, but that in the
>> >0bama administration they voluntarily decided to take some time off is
>> >insane.
> Your idea that the reasons are irrational is irrational. They are the
> reasons folks I know used as they quit working before 65. The only
> tie in to Obama is that they hit their late 50's or early 60' after he
> was elected. Most, if not all, of these folks intended to retire
> before 65 20 years ago.
Those people have been part of oursociety for at least 50 years. There is absolutely no reason to believe that there are more of them today than there were in the past. That means that AT LEAST 50% of the 8 million people who entered the job market would have stayed there - and that means that an additional 4 million people are unemployed.
>> >So, after Romney is elected, and he signs a couple executive orders
>> >which permit employers to hire a million people between January and
>> >March, when 6 million of those uncounted people decide to apply for
>> >those million jobs, will you have a whole new set of excuses for the
>> >sudden increase in unemployment to 11%?
> Hardly anybody I know has any intention of looking. I know a couple
> in their early 50's that are looking now or expect to be looking if
> Kodak goes belly up. All of them could stop now and live comfortably
> if they had too. Two income engineers with the kids gone, the house
> paid for, and a couple million in the 401K because they were socking
> it away in the good years before things fell apart.
> That is also making a lot of assumptions I would not make. Even if
> Romney is elected I do not think he can create and additional million
> jobs that easily or that fast.
Whether he can or not was not the issue - the sudden increase in people seeking jobs was. Your belief is that EVERY person who is currently uncounted because they are not actively looking for jobs does not want a job. My contention is that at least half would be seeking jobs if there were any jobs available. If they would be looking for work, they are unemployed and should not be ignored.
If, for any reason, an additional million people suddenly decide that the economy has improved enough to provide jobs, so they start seeking jobs again, they will be counted again - and that will raise the unemployment rate by a million people. If we see the traditional norm of at least half, and more recently 2/3rds of the general working age people seeking jobs, we will see unemployment go up by 4 to 6 million people. Every one of those people who would be seeking employment if jobs were available, should be counted right not as unemployed.
But, if you want to pretend that you understand the unemployment problem, provide a realistic explanation of why 8 million people entered the "workforce" but 61 thousand fewer people are working today than were working 4 years ago. Again bear in mind that any believable explanation MUST take into consideration that between 1990 and 2008 2/3rds of those people would have been seeking jobs. Early retirement, house husbands and the like might bring that down to 1/2, but that means you need to explain the missing 4 million potential workers.
-- Bruce
"The truth is hate speech for those who hate truth."
> When I retired in 1996 at the age of 48, O wasn't in office, so don't blame him. I am only 64, so according to you, I am considered one of the unemployed because I don't have a job? I know MANY police and FF's who retired at 48. I believe your FACTS are skewed to the limit and doesn't show the TRUE figures.
> A friend got laid off a couple years ago, ran out of unemployment. He is 57. He has no plans to go back to work because his house is paid for, his wife works, they have no bills. According to your figures, he is still counted as unemployed.
> I probably PERSONALLY know hundreds like me and my friend.
> Hank <~~~~ still part of the unemployed and lovin it!:-)
So, here is the same question I asked mark - see if you can provide a believable answer.
Since 0bama took office almost 8 million people have entered the workforce age group. Historically 2/3rds of those people would have been seeking jobs (about 5 million people). However, today there are 61 thousand FEWER people employed than there were 4 years ago.
We can assume that some people have always retired early, that some people have always chosen to be housewives and househusbands, and that some people have always chosen to be vagrants. We can assume those things because historically only 2/3rds of the working age group is actually working or seeking work.
So, what has changed that has caused a number of people equal to 100% of new workforce people to drop out of the work force? (Rather than the half from our parents generation, or the 1/3rd from our generation.)
Why, suddenly, in the last four years, and never before in history, are all those people making the choice to leave the work force.
-- Bruce
"The truth is hate speech for those who hate truth."
On Sunday, October 14, 2012 6:37:54 PM UTC-4, bruce wrote:
> On 10/14/2012 1:29 PM, Hank wrote:
> > When I retired in 1996 at the age of 48, O wasn't in office, so don't blame him. I am only 64, so according to you, I am considered one of the unemployed because I don't have a job? I know MANY police and FF's who retired at 48. I believe your FACTS are skewed to the limit and doesn't show the TRUE figures.
> > A friend got laid off a couple years ago, ran out of unemployment. He is 57. He has no plans to go back to work because his house is paid for, his wife works, they have no bills. According to your figures, he is still counted as unemployed.
> > I probably PERSONALLY know hundreds like me and my friend.
> > Hank <~~~~ still part of the unemployed and lovin it!:-)
> So, here is the same question I asked mark - see if you can provide a
> believable answer.
> Since 0bama took office almost 8 million people have entered the
> workforce age group. Historically 2/3rds of those people would have
> been seeking jobs (about 5 million people). However, today there are 61
> thousand FEWER people employed than there were 4 years ago.
> We can assume that some people have always retired early, that some
> people have always chosen to be housewives and househusbands, and that
> some people have always chosen to be vagrants. We can assume those
> things because historically only 2/3rds of the working age group is
> actually working or seeking work.
> So, what has changed that has caused a number of people equal to 100% of
> new workforce people to drop out of the work force? (Rather than the
> half from our parents generation, or the 1/3rd from our generation.)
> Why, suddenly, in the last four years, and never before in history, are
> all those people making the choice to leave the work force.
> --
> Bruce
Just so I understand you correctly...
Are you saying that ONLY because of Obama, there are 8 million MORE people unemployed in the workforce age? If so, how many were unemployed in the work force age BEFORE Obama took office? How much has the workforce age grown in the last 4 years due to population increase?
You seem to think that there were no employment ( or economy ) problems before Obama took office.
>On 10/14/2012 11:36 AM, nothermark wrote:
>>> >Your reasons are completely irrational. For anyone to believe that at
>>> >every other time in human history people chose to work, but that in the
>>> >0bama administration they voluntarily decided to take some time off is
>>> >insane.
>> Your idea that the reasons are irrational is irrational. They are the
>> reasons folks I know used as they quit working before 65. The only
>> tie in to Obama is that they hit their late 50's or early 60' after he
>> was elected. Most, if not all, of these folks intended to retire
>> before 65 20 years ago.
>Those people have been part of oursociety for at least 50 years. There >is absolutely no reason to believe that there are more of them today >than there were in the past. That means that AT LEAST 50% of the 8 >million people who entered the job market would have stayed there - and >that means that an additional 4 million people are unemployed.
Not true. There were probably a significant number of folks who were
doing the 20 and out in public safety jobs but that number was
increased very significantly in the late 70's/early 80's. The 401K
plan was changed then to make it into a retirement plane. Companies
forced their workers into the plans to get out from under pension
obligations. That was when a lot more folks started doing the "if I
defer 20% of my income tax free" calculations. If one was 30 then the
numbers looked good for retirement before 65 in 2015. Those folks had
a good run with their money. That is who we are talking about now as
they are in the right age group. They also could usually look forward
to around 20-30 good years before they were caught in the outsourcing.
>>> >So, after Romney is elected, and he signs a couple executive orders
>>> >which permit employers to hire a million people between January and
>>> >March, when 6 million of those uncounted people decide to apply for
>>> >those million jobs, will you have a whole new set of excuses for the
>>> >sudden increase in unemployment to 11%?
>> Hardly anybody I know has any intention of looking. I know a couple
>> in their early 50's that are looking now or expect to be looking if
>> Kodak goes belly up. All of them could stop now and live comfortably
>> if they had too. Two income engineers with the kids gone, the house
>> paid for, and a couple million in the 401K because they were socking
>> it away in the good years before things fell apart.
>> That is also making a lot of assumptions I would not make. Even if
>> Romney is elected I do not think he can create and additional million
>> jobs that easily or that fast.
>Whether he can or not was not the issue - the sudden increase in people >seeking jobs was. Your belief is that EVERY person who is currently >uncounted because they are not actively looking for jobs does not want a >job. My contention is that at least half would be seeking jobs if there >were any jobs available. If they would be looking for work, they are >unemployed and should not be ignored.
I never said "EVERY". I am sure there are a few folks who would
change their mind and cash in on an open job market if we suddenly had
a huge demand for workers. I also know that there is also a certain
amount of flexibility in younger workers as children get to school age
or similar events occur that change personal conditions.
What I said was the numbers we are getting now are as good as they
ever were. I have also said that there are more early retiree's than
their used to be for a variety of reasons as outlined. The number of
early retiree's is a direct effect if changes in retirement law made
in 1978 that changed 401K'd from a way to stash a bonus to a full
blown retirement plan. That resulted in a lot of folks who have a
nice nest egg and could bail when offered an early out or when pushed
out before 65. There are more of those folks than we previously had
in our history.
I have also said that there are jobs for the folks that really
want/need "a job". There are high turnover jobs that have bad hours
but are always there for folks who just need to go to work.
I can also tell you that there will be a significant number of folks
who will work as long as they can because they do not have a pension
or a 401K and they cannot live on their Social Security.
>If, for any reason, an additional million people suddenly decide that >the economy has improved enough to provide jobs, so they start seeking >jobs again, they will be counted again - and that will raise the >unemployment rate by a million people. If we see the traditional norm >of at least half, and more recently 2/3rds of the general working age >people seeking jobs, we will see unemployment go up by 4 to 6 million >people. Every one of those people who would be seeking employment if >jobs were available, should be counted right not as unemployed.
We have never had 2/3 of the working age population working. That
surprised me too but I gave you the numbers some time back.
There is no question that if a million people suddenly decided to go
back to work it would cause a numbers aberration. OTOH it is more
likely that an additional million would decide to retire early as they
decide they can get enough out of their retirement plan to get by and
work has ceased to be fun. The attitude about work is also different
than it was for our parents.
>But, if you want to pretend that you understand the unemployment >problem, provide a realistic explanation of why 8 million people entered >the "workforce" but 61 thousand fewer people are working today than were >working 4 years ago. Again bear in mind that any believable explanation >MUST take into consideration that between 1990 and 2008 2/3rds of those >people would have been seeking jobs. Early retirement, house husbands >and the like might bring that down to 1/2, but that means you need to >explain the missing 4 million potential workers.
You are also riding the leading edge of the baby boom. There is an
aberrantly large number of folks who are hitting retirement age so it
would be reasonable to expect significantly more folks to be retiring
and retiring early due to the shift in retirement plans to the 401K.
The predicted drop in the number of workers as the boomers retire is
old news.
I have also said that there is no single magic explanation that would
fit all folks all the time but there are a sufficient number of
different explanations, some of which you, yourself, used, to explain
why folks choose to stay retired even though they are not working and
below 65.
I will add that 65 is not longer of any significant consequence as
Social Security raised the retirement age for folks currently
contemplating retirement to 66 and 67 in the reasonbly near future.
Your 1990-2008 number does not take into account that folks then were
lucky if they had a pension and 401K combination as pensions started
dissapearing around 1980 as the changes in the 401K law kicked in.
That was done to make pensions portable for a variety of reasons.
Folks in that time periond did not have enough time to build as big a
fund as folks who are retiring in the last few years did. Having said
that I knew folks with over a million in their 401K in the late
1990's. There was a lot of fast growth during the dotcomm bubble.
In short you are mixing apples and oranges when you compare folks in
the 1990-2008 period with folks since 2008. You now have an
aberrantly large population of retiree's some of whom are well set to
retire before 65. In fact, as I think about it I was an abberation in
my circle as I worked to 66 and L will work until 68. Everybody else
we know near retirement age bailed early and was not interested in
looking after they exited their employent. We know many folks who
retired in their 50's, more who retired in their early 60's and only a
few who worked or are planning to work until they reach the SS "full"
retirement age of 66-67.
>On 10/12/2012 11:54 AM, nothermark wrote:
>> On Fri, 12 Oct 2012 09:43:24 -0700, Bruce S <bruce.sn...@gmail.com>
>> wrote:
>>> On 10/12/2012 1:55 AM, nothermark wrote:
>>>> On Thu, 11 Oct 2012 15:38:25 -0700, Bruce S <bruce.sn...@gmail.com>
>>>> wrote:
>>>>> On 10/11/2012 12:37 PM, nothermark wrote:
>>>>>> On Wed, 10 Oct 2012 15:50:45 -0700, Bruce S <bruce.sn...@gmail.com>
>>>>>> wrote:
>>>>>>> On 10/10/2012 3:27 PM, Bruce S wrote:
>>>>>>>> On 10/10/2012 2:32 PM, Hank wrote:
>>>>>>>>> On Tuesday, October 9, 2012 3:25:34 PM UTC-4, bruce wrote:
>>>>>>>>>> You still can't read for comprehension, can you?
>>>>>>>>>> You didn't amuse me, I amused myself providing information that I knew
>>>>>>>>>> you would ignore.
>>>>>>>>>> --
>>>>>>>>>> Bruce
>>>>>>>>> Seriously, do you really believe there are more people out of work now
>>>>>>>>> than When O took office?
>>>>>>>>> Hank
>>>>>>>> Yes - a lot more.
>>>>>>>> Here are some official numbers from the Bureau of Labor Statistics:
>>>>>>>> Total employment Sept. 2012 - 133,500,000
>>>>>>>> Total employment Jan. 2009 - 133,561,000
>>>>>>>> Total working age population growth during those years - 7,865,000
>>>>>>>> So, the population has gone up by almost 8 million people, but the
>>>>>>>> number of people holding jobs has gone up by 61 thousand. The only way
>>>>>>>> to claim that unemployment is less now than then is to believe that NONE
>>>>>>>> of those 8 Million people want jobs.
>>>>>>>> Do you really believe that?
>>>>>>>> Traditionally about two thirds of the working age people want jobs, so
>>>>>>>> if we make the assumption that about 2/3rds of that 8 million people
>>>>>>>> want jobs, that would mean that almost 6 million people are not being
>>>>>>>> counted as unemployed but should be. Doing the math in my head, that
>>>>>>>> comes to about 3% more unemployment - or a total of about 11% instead of
>>>>>>>> the 7.8% they are claiming.
>>>>>>>> Of course the percentage unemployed goes down if you quit counting
>>>>>>>> people, but a person would have to be an idiot to believe that none of
>>>>>>>> those people want jobs.
>>>>>>> I just noticed a typo in what I wrote - I said employment went up by 61
>>>>>>> thousand, I meant it went down by 61 thousand. The actual employment
>>>>>>> numbers just above that line are correct, I just typed the math backwards.
>>>>>> You made another mistake on the "Traditionally about two thirds of the
>>>>>> working age people want jobs,". That is a fairly recent development.
>>>>>> Prior to the boomers growing up the number was lower than that.
>>>>> Is it your position that none of that 8 million wanted jobs?
>>>>> Any percentage you pick raises the true unemployment rate. So - you can
>>>>> claim that only half, instead of two thirds want jobs, and that means
>>>>> that we have another (uncounted) 4 million unemployed (rather than the 6
>>>>> million I estimated). Do you think that changes the reality that the
>>>>> unemployed are under counted, and that in truth the unemployment is
>>>>> much higher than 7.8%?
>>>> I think you are confusing folks who want a job with folks who do not
>>>> need or want one. Not the welfare recipients Mike is whining about.
>>>> Folks who were well paid when they worked and now are under 65, not
>>>> working for various reasons, and not looking to go back to work.
>>>> All the numbers can give you is how many folks there are and how many
>>>> say they want a job. The numbers do not tell why the folks are not
>>>> working or looking. It is as easy and as relative to say that they
>>>> number has dropped to reflect the number of under 65 folks who do not
>>>> need to work now. That is good news to a lot of us. ;-)
>>> That is a completely asinine assertion. We have an economy that is so
>>> stagnant that many experts have already declared that we are in a
>>> recession. We are creating so few jobs that we cannot even keep up with
>>> population growth. How stupid do you have to be to believe that the
>>> entire 8 million under-counted unemployed are old folks taking early
>>> retirement. Look at the U6 number - it has remained at over 14% since
>>> the recession. People are not retiring, they are giving up.
>> Did you retire early or give up?
>The difference is that I retired because I wanted out of the work force >- and even then 2 years later than I wanted to - and the economy was >going strong at the time. I could have continued to work for as long as >I wanted to - I could still be working as a probation officer if I >wanted to.
>The people we are talking about are people who still wanted to work, but >were forced out due to the bad economy. That is a major difference, >even if you can't figure it out.
It is not a question of "me figuring it out". I understand the deal.
I just have no investmernt in trying to prove the number low or
complaint about folks not working to 65. I do know a lot of folks who
would prohibit public pensions being paid out before the age of 65 but
I am not one of them and do not support it.
I can not find any information showing a large number of the folks you
are talking about exist. That seems to indicate they are the 8% give
or take that report as unemployed. That number is probably diluted by
folks who intend to retire but are taking advantage of unemployment as
long as they can get it. I know folks who have done that too. As
long as the early separation is not voluntary unemployment is a matter
of registering and a meeting or two. Then one has to apply for the
occasional job. Worst case is one finds one.
I also know folks in their 50's who were pushed out and are looking as
well as taking temp jobs just to keep their hand in. All of them have
a working spouse who can support them quite well. They just feel like
they should be working. Some folks do not handle off time well, some
do. Some of those folks have gone the "any job" route as school bus
drivers or home health aides.
If you want a bottom line I suspect it is that the folks you are
talking about do not exist in great numbers. If one really wants to
work there are high turnover jobs always looking for help.
On Monday, October 15, 2012 7:31:02 AM UTC-4, nothermark wrote:
> Not true. There were probably a significant number of folks who were
> doing the 20 and out in public safety jobs but that number was
> increased very significantly in the late 70's/early 80's. The 401K
> plan was changed then to make it into a retirement plane. Companies
> forced their workers into the plans to get out from under pension
> obligations. That was when a lot more folks started doing the "if I
> defer 20% of my income tax free" calculations. If one was 30 then the
> numbers looked good for retirement before 65 in 2015. Those folks had
> a good run with their money. That is who we are talking about now as
> they are in the right age group. They also could usually look forward
> to around 20-30 good years before they were caught in the outsourcing.
Also adding to the number of unemployed are the fact more kids in the "working age group" are going to some sort of schooling/training rather than get a job.
No matter how you slice it, Bruces figures are nothing more than useless trash.
> On Fri, 12 Oct 2012 12:00:22 -0700, Bruce S <bruce.sn...@gmail.com>
> wrote:
>>>>>>>>> Yes - a lot more.
>>>>>>>>> Here are some official numbers from the Bureau of Labor Statistics:
>>>>>>>>> Total employment Sept. 2012 - 133,500,000
>>>>>>>>> Total employment Jan. 2009 - 133,561,000
>>>>>>>>> Total working age population growth during those years - 7,865,000
> If you want a bottom line I suspect it is that the folks you are
> talking about do not exist in great numbers. If one really wants to
> work there are high turnover jobs always looking for help.
I know this is probably futile, but I have a couple of questions for mark.
Do you dispute the numbers above?
If you do, on what basis do you dispute them?
If you don't dispute them, what do you think those 8,000,000+ people are doing?
I know you can't come up with exact numbers, but what kinds of activities and sources of income do you think are in play here?
Things like, xxx,xxx retired early & are living on their 401k, xxx,xxx are spouses of others who are working, etc.
Try to get close as close to 8,000,000 as you can. I'd be interested in seeing your analysis of the situation rather than you just picking apart the analysis of others.
--
Owen McKenzie
Posting from Pigeon Forge, TN
We were promised hope and change.
We got hype and blame.