Interesting. I did not know.
Now, how is that allowing Baby boomers to retire?
The labor participation rate is about the same now as when Obama left office.
Dec. 2016 - 62.7%
Jan. 2017 - 62.9%
Apr. 2018 ā 62.8%
In inflation adjusted dollars 1951ās 1Q total would be something like 139 billion today ā¦ or 2017 4Q would be 184 billion in constant 1951 dollars. However, the population is 2.1x larger now so per capita 1951 vs 2017 constant dollars is even closer 14.4 vs roughly 87.6 and as thatās just profit, not GDP, the overall difference between the economies per capita is likely negligible.
Indeed, under the old tax rates companies might have been well advised to avoid excessive profits, or rather to hide them somehow. And more power to them if they did.
Well yeah.
Decades ago the tax code stopped being about raising revenue and started being about Congress encouraging companies and people to stop doing āthisāā and start doing āthat.ā
It is not an accountants (or a managers) job to figure out WHY Congress wants you to invest now, not later, invest in labor intensive (low overhead) vs capital intensive (and labor productive)
invest in something imported (like oil) vs something that is dusty (like coal.)
U.S. employers advertised 6.6 million open jobs in March, the most on records dating back to December 2000, suggesting businesses want to staff up to meet strong demand.
I see a lot of that here in the rural area I live in. A lot of businesses have help wanted signs in their windows.
The best part is when a company makes record profits and proceeds to then lay off a large portion of their work force. Been through a couple of those in recent years. Would have hated to see what happened if the company hadnāt been doing wellā¦
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You talked about taxes as a reason lol
Might I remind you that I created this thread and YOU brought up taxes and regulations as a reason for the shrinking workforce. And I disagreed with that opinion and laid out my reasons why. So, settle down there chipper.
I tried to make that point and he said I was trolling so idk
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Why is the cost of college so high?
Do you think Conservatives run the higher education system?
Why doesnāt anyone ever bitch about āBig Educationā?
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Thereās a free market in post-secondary education. Why is it so expensive?
Itās sure not stopping the upperclass from exponentially growing their income decade after decadeā¦
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I wonder did O P look at that part of his or her linked article that stated something along the lines of retirees, students, those caring for children or elderly parents are included in those not participating in the labor force.
I question, too, a part of this article, about 2/3 of the way towards the end. Per the author, or study, there are less marriages taking place. Thatās true.
However, this is where I question the author or study: āUnmarried men tend to participate in the labor force less than married men.ā
Wut?! How is it theyāre paying their bills if theyāre un or part time employed? Are they kept men? On public assistanceāand it isnāt so easy to get benefits in some states if youāre able bodied & have no dependents? Disability claims?
I see that a lot near me, too, in a smaller town.
āWe produced so many doctors and engineers and teachersā
I didnāt know this was the old Soviet Union, where one not only had the right to work, but the obligation, and, not only that, the state chose your job for you.
Wanting to force people into professions theyāre not only not interested in, but may not be so good at? For instance, my dad was an engineer, but try to get him to fill a teaching vacancy, heād come right out and say he didnāt have the patience to teach something like math.
No.
Student aud, state-owned and nonprofit unis mean our post sec education followsxa eurosocialist modal.
That might be better than free market for the same reason free K-12 is better. But āfreeā stuff ALWAYS AND EVERYWHERE costs more than stuff with a sloping demand curve.
But I thought illegal immigrants were taking all the jobs.
Only from black people. But that doesnāt work anymore either. Which of our resident right-wingers keeps reminding us that black unemployment is at a "all-time low?
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sounds to me like a lot of folks moving the goal posts to whatever they want to believe. I am 69 years old, still working and plan to work until about 74 or 75. I do not draw social security and will not until I am 70.5 years old. I have military retirement (retired from the military with over 30 years of service. Started working as a civilian the day I left the military. Never had a problem finding a job. Guess I was realistic about my choices and made some good decisions. I have a rather modest savings, IRAs, and good investments
Thatās because weāve been aborting a quarter of the supply that should be coming of working age (and should have been added to the workforce) over the past 40 years.
