Quote:
Originally Posted by Guest
Half the work force has stopped looking for work. The total work force is 156 million. The total US population is 323 million. 156 x 2 = 312 million.
So, children of school age and under, and retired people in the US makes up the difference 11 million. Don't you think that half is just a little high?
45 million people on food stamps maybe the result of the minimum wage being too low. With many production jobs leaving the US, we are a service country. Many of the service jobs pay next to nothing. Wal-Mart was receiving billions of dollars from the US by underpaying their employees. Their employees received the money from the government. However, if Wal-Mart had paid them a living wage, they wouldn't need food stamps. Wal-Mart said that they will be paying their employees more, because light was shed on them, and they don't want their customers going elsewhere.
Why do you think that they called the Great Recession? No other president had to deal with a recession like the one he was handed. To make matters worse, the Republican obstructed everything Obama wanted to do from day one of his presidency. To place all the blame on Obama is a typical right wing attempt to change history. It just won't fly.
|
According to statista.com, In Feb 2016 there were only 121.76 million full-time workers in the U.S. I stand corrected, the employed adults equal about 62% of the total. That means that about
48% of eligible adults are not working. I believe that sometime between last year at this time and now, our labor force has been at a 38 year low. Since statistics are sketchy this year so far, I am not sure if we still fit the historical 38 year low.
As for your statement that no other president has had to deal with a recession like this one he was handed, I believe you will find that there have been plenty of recessions that other presidents have had to endure. And remember, Obama was the one that knew what he was asking for when he ran, and Obama is the one that assured everyone that he knew what he was doing. But, he wouldn't listen to his economic advisors, even firing them. NO, he has been responsible for the longest recession OR Depression recovery in history. Blaming Republicans for obstruction is just immature. You know as well as I do that there was NOTHING they could do in the first two years to hinder ANYTHING he wished to do. His own party may have gotten in his way, but not the Republicans. Nope, instead they insisted on forcing Obamacare through, after everyone warned them and the voters did not want it. Proof was the resulting historical congressional massacre on election day.
I believe that the point was the high rate of those that are not in the work force in comparison with employed. Please don't be insulting by suggesting that if minimum wages were higher that would change anything. Min wages are for school kids, retirees and those working a second part-time job. Min wages were never meant for full-time employment.