.Common Sense
The Above Linkblogs Might Contain "Borrowed" links.
Linkblogs do not substantially contribute traffic to my blog that I can discover. They all go offsite, and are often accessed from my blog. It's possible to access them from the RSS according to my settings. Still, even if I were to get ads clicking on a linkblog from the RSS won't drive more people to my blog than otherwise because they leave my resources. (Note to self, do more posts, less LBs with sources I find). I explain because I sometimes borrow links from people at Twitter, and often forget who put them up. (To fellow Twitterers: If you have a link to your blog, I will point it there, but Twitter, being impermanent, cannot hold your link for people to discover from there. I only 'borrow' them to get news out to as many people as I can who might not have seen the reports and videos found by the smart people I follow at Twitter or find in search rooms.RSS Add-Me
Clue to the Low Unemloyment Rate? 12% of men in prime work years not working or looking for work
posted 08-01-06
Drawing down retirement savings, Using reverse mortgages to extract the value from their homes. Men not wanting to work for low wages in the Bush economy are sitting it out, some hope until retirement.
Low wages and lack of benefits found in jobs they could get whether skilled, professional, or post prison, (the three examples the article cites) create disincentives for working.
We will update Friday when new jobs numbers come out.
Low wages and lack of benefits found in jobs they could get whether skilled, professional, or post prison, (the three examples the article cites) create disincentives for working.
Despite their great numbers, many of the men not working are missing from the nation’s best-known statistic on unemployment. The jobless rate is now a low 4.6 percent, yet that number excludes most of the missing men, because they have stopped looking for work and are therefore not considered officially unemployed. That makes the unemployment rate a far less useful measure of the country’s well-being than it once was.
Indeed, a larger share of working-age men are not working today than at almost any point in the last half-century, which raises the question of how they will get by as they age. They may be forced back to work after years of absence, they may fall into poverty, or they may be rescued by the government.Lets work out what we can see from the chart the Times provides. 12% is about double the amount that we saw in the best years under Clinton so 6% of men who won't work are due to the Bush 43 offshoring-illegal immigrant (soon to be known as guest worker program with path to citizenship) dependent economy. Men are at least 50% of the workforce so we have at least 3% more unemployment than the numbers say. In other words the unemployment rate is at least 7.6% not 4.6%. And explained above I am only counting the extra ordinary amount of work age men who are not working. This is not comparable to the Clinton years. If you want to add in the full number of non working men (who according to the report are not usually involved in caring for the home and children while not working) the unemployment rate would be at least 10.6%
We will update Friday when new jobs numbers come out.
Comments
Notice: All links below go off site, to other Blog-City denizens of my neighborhood. Selection is based by Blog-City widget on tags matching those selected for post above. Unfortunately, the widget's will only put oldest related post posts first, scroll down for most current.
Tag Related Neighborhood Posts
Gosh! I am quite pissed off
11-09-07
Immigration Reform, Part IV
12-10-07
I hate being a pawn
01-14-08
A contractual dilemma
09-21-08
"Will Obama Be Soft On Immigration?"
12-17-08
Fly away holiday
05-06-09
The book recommendations above are done by Amazon.com, not by the authors of this blog. Any proceeds from clicking on ad or buying a book do not resort to the writers or owners of the blog.
Monthly Archives
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006