Mehrens: Happy Days Are Here Again?
Even with winter storms sweeping across the nation the economic news from Washington D.C. is coming You must Subscribe or log in to read the rest of this content.
Even with winter storms sweeping across the nation the economic news from Washington D.C. is coming You must Subscribe or log in to read the rest of this content.
4 comments
Assuming a constant labor participation rate is absolutely and completely disingenuous. The Baby Boomers nearing retirement alone dictates these rates absolutely will fall. They’ve been falling for a decade now. If it rebounds at all from the recession, it will be temporary and short lived.
Maybe ALG can point me in the direction of several economists that believe the Baby Boomers are not going to have such an effect over the next decade or two, at least? I won’t hold my breath.
Retiring baby boomers are hardly responsible for a three percent reduction in the LFPR as they do not significantly outnumber the youth replacing them. https://images.angelpub.com/2013/11/18551/us-population-graph-2012.jpg
Would you like to address the other statistics mentioned in the article, such as over ten million people left the labor force? You don’t suggest ten million baby boomers retired in the last four years, do you?
Since Obama took office, 1.8 million new jobs are part time while 270,000 new jobs are full time. In other words, for every three full time jobs, there have been twenty part time jobs.
This is not the failure of the market. This reflects the destructive nature of taxes and regulations. It increases the cost of employing labor, and those costs are not received by the employees.
http://www.youtube.com/watch?v=NtY7FC9WdBs
Dear Nathan,
Two words: Federal Reserve. The economy, the federal government, the manipulated statistics, the purchasing of US Treasury Bonds by the US Treasury, the purchase of Mortgage Backed Securities, the purchase of stocks, the manipulation of LIBOR, the manipulation of precious metal prices etc are all fall under emergency measures by the US Treasury, the ECB, and the Federal Reserve. Therefore, like it or not, the “affluenza” defense applies meaning Congress, the WH, and the DOJ will do nothing about it because we are in “emergency mode”.
Warmest regards,
an Alpha Charlie (American Citizen)