| RustyShakleford said: I find it ridiculous that people are blaming or praising the president so much when the economy declines or improves. The economy goes in cycles. It goes up for a few years and then it declines for a few years, but the general trend is upwards. Right now, the economy is getting better, but the growth is still pretty slow. I think this has to do with Europe's situation right now. There are a few things that are worrying about this growth. One is that wages are not going up, except for executives (this was also occurring during the bush years). The second is that our debt is still too high. This has to do with republicans not wanting to raise taxes, while democrats do not want to reduce spending. As for the employed percentage, we have to take into account that we are starting to get the baby boomers retiring. I am not saying there are a lot of people who have given up, but we have to take this into account. |
That isn't nearly enough to make up for it as you point out, but the employment percentage is still a drag on the economy regardless of the reason for it. This is really only the very beginning of the baby boom retiring, it's barely just started. There is still less people working in the US then there was at the depths of the recession which wasn't very long ago. Each month more people leave the workforce than join it, yet that's a recovery?
Consider that the supposed great jobs report for April we had that sparked a big increase in the stock market showed that average hours worked decreased, pay decreased, and even though the government numbers for unemployed went down the underemployed percentage actually went up. Did i mention that the percentage with jobs dropped to an all time low again?
currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X
