Pretty good bet that labor participation rate will continue to decline even if economy improves
When I was forecasting in the early 2000s, the decline of the labor force was a major topic. We thought labor was going to have to be more productive to support a larger population that did not work. I think the rise of internet retailing for example has eliminated many of the unproductive jobs in the economy. Your former bookstore or retail video clerk is probably peddling coffee now."Anything to eat with that?" Active duty military has also increased by 100, 000 since 2000 and I do not think they are included in the labor force number. I surmise that in 2030 that labor force participation will be smaller than today's number no matter who is in charge just like we forecast in 2000. However, no forecaster I have ever read would have projected such a long recovery in 2000. Rogoff and Rinehart probably came closest in "This Time Is Different: Eight Centuries of Financial Folly" but that was published in September 2009. The long recovery in my mind has hastened the decline in labor rate participation.
Not all housewives but some are.
Doppelganger, quoting the WSJ article you submitted:
"When people leave the labor force it could be due to discouragement of the long-term unemployed or by choice over retirement or child care. The labor force has dropped dramatically over the course of recession and recovery, and concerns have been raised it was due to discouraged workers."
So here the author gave three reasons: discouragement, retirement and childcare but focused on discouragement.
Again I think there is a secular trend toward retirement that was identified ten years ago and it is definitely part of the number.
I think that people are now realizing the value of childcare. We are moving away from the Hillary Clinton view of "It Takes a Village." We are seeing the rise of home schooling like Rick Santorum did. Google home schooling finds a USA Today article claiming a rise of 400k students between 2003 and 2007. I think it is more popular now not less. Those mothers are probably dropping out of the labor force but engaged in gainful activity.
Then there is the cyclical issue of discouragement. How do you split the 9 million? If the ex-plumber that I cited is raising children is he discouraged or is he engaged in an activity worth $60k when he could only make $40k.
I think there are many free riders cashing checks on the lengthened unemployment benefits. According to the BLS unemployed mothers of children under the age of 18 has increased by a million since 2008. Obama and the Democrats should be blamed for that one. Anyone could have seen that coming. BTW by percent the levels are the same as in the 1980s.
[url]http://www.bls.gov/cps/wlf-databook-2011.pdf[/url]
Until someone does the hard analysis we are in the world of "Could". That is why I reacted in the first place.
Lack of good high-paying jobs are the problem not the size of the labor force.
[QUOTE=Doppelganger; 422144]BBM, the WSJ article centered on the folks dropping out of the work force due to being long term unemployed and discouraged. These folks are still unemployed and still want a job, just can not find one. The article does mention child care and retirement as having a MINOR affect on the drop with the central factor being discouragement.
Please don't tell me you think the majority of those 9 million plus folks retired or became Mr. Mom! Even the BLS is not trying to say they retired.[/QUOTE]Yes, I will stick to my guns. I really do not believe, assuming this an argument against Obama's policy, it is the policy of the Republican Party to increase the size of the labor force. If elected, Republicans will be overjoyed if the labor force shrinks while jobs increase thereby lowering unemployment. Republicans are the party of the homemaker. Both Romney and Santorum's wives were stay at home mothers. Laura Bush left teaching to raise children.
The baby boomers will be retiring in the next 10 years me included. I am holding out because I think austerity is the only solution.
Stricter immigration enforcement has reduced the size of the labor force. Anecdotal evidence is that Mexican immigrants are returning to Mexico which is also reducing the labor force. It makes sense with the lack of construction jobs. From a sample of one, we offered a job to a student engineer that turned us down and went to work in Taiwan instead. Personally I just do not know any discouraged unemployed and I live in high unemployment county. I have a lead on a minimum wage graveyard shift job that can lead to $34k a year in 3 years. I have given the connection to 5 or 6 people and not one has followed through. I do not think that people are willing work at anything which takes them out of the ranks of the discouraged. Alabama has trouble finding crop workers now that the immigration laws are being enforced.
There are many reasons to vote Republican in November but the reason that Republicans will increase the labor force is BS. Here's a link to another article that is one-sided in it is assessment and follows your view. Notice these are all blogs and not in the reporting part of the WSJ or Weekly Standard.
[url]http://www.weeklystandard.com/blogs/one-thing-clear-not-enough-new-jobs_643170.html[/url]
The article also implies that Republicans are happy that America is struggling which is more BS. I don't think Romney thinks that at all.
Enough politics, I am in BA next week and need to figure out places I want to visit. Skittenbrewer, can I buy you a meal?
Not reading this thred but thought a link to fact checker. Org might be kinda nice
Super packs will destroy the electorial process: the super pacts misrewpresent the truth and both side are not trustworthy.
The Mitt: the wallstreet crowd parades not half truths but maybe 25% truths:
[url]http://factcheck.org/2012/05/stimulus-money-for-jobs-overseas/[/url]
In the Miami market the ads were on shows ranging from the Sunday morning news shows to the afternoon flintstones-you can see I have far ranging tastes.
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The budget debates-both sides are telling lots of half truths, but Obama likely is more full of it than the Mitt.
[url]http://factcheck.org/2012/04/fall-preview-obama-vs-romney-and-ryan/[/url]
Factchecker makes an interesting read after all the baloney spread by the spin masters on both sides. Actually read the factchecker article completely is you are going to discuss the buget debate.
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The teaparty folks are even more full of it. Let's bring back the good old days-1919.
[url]http://factcheck.org/2012/03/tea-partys-targets/[/url]
The moderate voices in both parties should be silenced so only the most extreme irrational loud mouths with minimal thought attached to reality prevail!
Stan-where do you go to check-out the facts-if the annenbberg institue azt univ of pa is so biased
Fact-checker is the gold standard and writes detailed reports with footnotes to the original sources. Most hard right wingers use a ghetto site that is run by a couple with a backround in urban legends-snopes. The annenberg family at one time was one on the richest families in the USA. They endowed the place which is physically near the wharton school-all part of a lefty communist conspiracy. I guess we should rely on rush and fox new to report only the truth.
If you have what you believe is a consistently better source of information-please post a link. The point of the posting is that inaccurate half truths by the super pacts who favor both sides.
Are going to be spending massive amounts of $$ and neither side should be taken at face value. I suggest that you may wish to google factchecker and see what various people say about it. Carl rove-another lefty quotes factchecker.
Did you bother to read the analysis of the misrepresentations by both the left and the right taking you back to the original sources. I would be please to look at alternatives.
Please provide them. I like to see what the truth is rather than the cool aide poured out of the tv airwaves. Both sides are regularly fool of shit==that's what I get from factchecker.
Factual vs spin based on half truths and misrepresentations
[url]http://factcheck.org/about/[/url]
Dick chaney quotes it and the wallstreet journal calls in a reliable source-more lefty proproganda.
[url]http://en.wikipedia.org/wiki/FactCheck[/url]
Vs.
Snopes.
[url]http://www.snopes.com/[/url]
[url]http://www.nytimes.com/2010/04/05/technology/05snopes.htm[/url]
Stan-any suggestions? I always try to have an open mind
"life of julia" is Obama's spinmeisters telling lots of "fibs" mixed with half truths
Factchecker gives it good to Obama-naughty, naughty barak-your nose may grow like the little boy in the story. It is also interesting to note ryan's plan in 2012 is more generous to medicare recipients than in 2011. Yet we all know that ryan hasn't specified the other cuts required to be so generous with no specific increases in revenue. I wonder who gets the cuts and how. I wish I had a working crystal ball rather than factchecker.
Wouldn't it be nice to make everyone happy all the time. Have the bad guys in black hats and the good in white hats. All the hats seem to be varying shades of grey.
I wonder if reagan could be mainstream in today's republican party. Reading his diaries it is clear the reagan had personal concerns about the health of the middle class under his supply side economic policies.
Mr D-I have said that they are the best sourses around. Can't you sugest anthing better?
A financially independent public policy research institution which discloses it's funding, is generally preferable to a site with google ads all over the place.
There are always prejudices anywhere. Factchecker seems to be balanced and generally respected by folks on the left and right-a gold standard within the context of what is available. If you assume that Fox News is superior, I would respectfully disagree. They don't publish linked footnotes when they provide the backstory and clearly have a marketing plan with an audiance to please or they lose $$
I am looking for a balance checking of the tag lines in 30 to 60 second tv spots. These spots may play a real role in the political future of the USA and major policy decisions. Private industry has billions at stake and motivation to control public opinion for reasons of maximizing profit, not necessarily the public good.
If I was working for Mitt, I would push that I have a goal of non-regulation of Wall Street and raise hundreds of millions for super packs to hire the best pr people to sway public opinion. The left has players with simular goals of self-interest.
I want to formulate my opinions based on the truth or as close to what is easily available, not propaganda. The state of the propaganda is troublesome for the health of a free electorial process while the USA is at a cross roads. I dout that god has pre-ordained that the USA will retain it's economic and scientific atvantages for ever.
Empires and great nations raise and fall. I hope that the USA can continue it's great experiment for another hundred years or more. Corruption of the political process does not bode well for the future.
Mr. D, you seem to be saying we can't trust anyone but the sourses of info which tend to support each person's world view. The is nothing close to the truth because all journalists are completely corrupt fraudsters. Somehow only the journals who support your world view are truthful and everyone else called "journalist" is corrupt.
Politicians, Fact Checking, and Antidotes
Mr B, the first casualty of a political campaign, regardless of the party, is the truth. I believe we can agree on at least this point. While I don't trust any politician as far as I can throw them; that said I will vote for Mitt as he is the only alternative to Obama. It is truly a shame when you have to vote 'against' a candidate rather than 'for' one, which is the case this year again.
The major media sources I listed are so enamored with Obama there remains very little objective reporting as they fawn over his every word. While the 'fact checking' sites you cited are quick, they still shows its liberal underpinnings with many of their 'facts'. Fox News must be filling some need for 'truth' out there the other major players are not meeting or they would not be so successful. Look at all the Liberal shows that have been rolled out and subsequently fail. I don't believe Fox is the be all and end all in the truth market but they seem to come closer than most or they would not be so successful as an alternative to the other networks.
A good example of 'faulty fact checking' IMHO from these sites was Obama's reference to American oil reserves. He selected a 'fact' generated in the late 40's / early 50's which fit his version of the 'truth'. The reality of American reserves is totally different – check with the oil companies who have much more invested in finding, developing and bringing the product to market than a politician who hates carbon based fuels.
If pushing gas prices to $10 / gallon would make green technology grow then Europe should be 10 years ahead of us but they are not for the simple reason those technologies are not economically feasible. While Capitalism may not be a totally fair or equitable system it is much better than anything else out there.
A good story about politicians my grandfather told me years ago is as follows, he was born at the turn of the century:
A farmer goes into his barn and puts a jug of white lighting, a $20 gold piece and a Bible on a bench.
He then goes out and calls over his 18 year old son and tells him, 'Son I want you to go in the barn and you take what you think you need off the bench. '
The son asks his father why.
The farmer tells his son, 'You are almost a man now and I will know what sort of man you will be by what you decide to take. '
The son goes in the barn and sees the jug, the money and the Bible. He puts the $20 gold piece in his pocket, uncorks the jug taking a big swig, tucks the Bible under one are and the jug under the other, and then walks out of the barn.
The farmer looks his son over and exclaims, 'Damn another politician'
Another antidote on politicians comes from a Texas Ranger years ago:
"Aint nothing lower than a child molester but a politician."
Thanks for a thopughtful response
I am perhaps more naive than you. I, myself, like to have some idea as to the policy choice and thier implications. I am seriously asking if the bis a better sourse than factchecker. I need to use something. In our day to day lives, friends and families disagree politaclly more often than not. Factchecky generally shows boths to me lacking in veracity. BUT many times one side is more full of it than the other.
This new world of super pacts in something that john mcCain has been talking about most of his career-the corruption of the entire process is a qualitatively different place.
In the past I generally voted democractic-I voted for ronald reagan and have always read most of the available stuff about him. The mitt who was the moderate governor of mass I would vote for any time and any place. The deals he is making now will likelky lead me to Obama. I am the other side of your coin.
What Are The Real Issues About the Presidential Election Candidates?
Let me start this off.
Why would you vote for either candidate?
I will start that the Republicans now think that Presidents Truman and Reagan are now too Socialistic?
Even though President Obama wants the same things as they did.
Watch MSNBC or HBO's Bill Mayer, and he is not a big fan of Obamas. As least watch hem for his jokes.
The best ones letely are about the Ex-Governor of Alaska. The quitter. They even made a movie about her on HBO. Watch it. I do feel sorry for Her. What a dummy.
And We All know that FOX is raceist.
Romney wants more money for his Morman (not Women) Cult. (His Rich friends, but not You!)
You Poor Mid Westerners.
And some dumb West Coast people that moved from their Mid Western Cities.
I have been in 71 countries trying to understand what other countries to really think about North American People.
What I am seeing on the AP site is that we are still playing and living parts in the old Movie."The Ugly Americans".
Come on Guys show that we are not as dumb! Speak up to these Republican Assholes they are!
Some dumb fuck has bumper stick for Romney, he has a nice BMW, but living in a shitty area and a dump, as I do.
How dumb can you be.
Romney is for the Rich, not you and Me.
Sorry Jackson YOU started This Thread!
What Did Richard Clark say about our Wars
Do you know what he said?
Bush said close the office on getting Ben Laden.
Obama said to reopen it and get him.
Check it on Google.
Everything Obama has done is within the law, which Bush did not do.