Millions of educated, experienced workers are tossed aside by a strong economy
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Re: Millions of educated, experienced workers are tossed aside by a strong economy
#2That's because it's not a strong economy. Millions have stopped looking for work and never started after the recession. Wages have stagnated even for white collar jobs. Employers are unwilling to pay competitively. Millions like the ones in the article are underemployed and underutilized. How the fuck is that a strong economy?
Re: Millions of educated, experienced workers are tossed aside by a strong economy
#3That's because it's not a strong economy. Millions have stopped looking for work and never started after the recession. Wages have stagnated even for white collar jobs. Employers are unwilling to pay competitively. Millions like the ones in the article are underemployed and underutilized. How the fuck is that a strong economy?
You would expect that as the largest cohort in modern history retires en mass that the ratio of people in the work force to those outside would start to shift. I think its valid to say that a lot of baby boomers were discouraged post-2008 and perhaps would have worked an extra decade had things been better. But at this point we're well into their retirement years.
Re: Millions of educated, experienced workers are tossed aside by a strong economy
#4The waste of human potential is staggering. The purpose of the economy should be to enable making full use of it. Instead we focus on profit.
Re: Millions of educated, experienced workers are tossed aside by a strong economy
#5Why the U3 statistic for unemployment is far from telling the whole story:
http://www.wolframalpha.com/input/?i=us+adult+population,+us...
Re: Millions of educated, experienced workers are tossed aside by a strong economy
#6That's because it's not a strong economy. Millions have stopped looking for work and never started after the recession. Wages have stagnated even for white collar jobs. Employers are unwilling to pay competitively. Millions like the ones in the article are underemployed and underutilized. How the fuck is that a strong economy?
You know, I keep hearing the 'many stopped working during the recession' thing bandied about like received wisdom, and have not seen any statistics to back that up.
Note: I am not saying it's not true, just that I personally haven't seen any studies or reports to back up that fact. Have you a link? All the U6 (real) unemployment rate numbers I've seen indicate 'real' unemployment is back to pre-recession numbers
Re: Millions of educated, experienced workers are tossed aside by a strong economy
#7From an employer standpoint, educated and experienced = expensive
Re: Millions of educated, experienced workers are tossed aside by a strong economy
#8That's because it's not a strong economy. Millions have stopped looking for work and never started after the recession. Wages have stagnated even for white collar jobs. Employers are unwilling to pay competitively. Millions like the ones in the article are underemployed and underutilized. How the fuck is that a strong economy?
You know, I keep hearing the 'many stopped working during the recession' thing bandied about like received wisdom, and have not seen any statistics to back that up. Note: I am not saying it's not true, just that I personally haven't seen any studies or reports to back up that fact. Have you a link? All the U6 (real) unemployment rate numbers I've seen indicate 'real' unemployment is back to pre-recession numbers
https://data.bls.gov/timeseries/LNS11300000
There's this. This doesn't exactly back up the claim - there are a lot of reasons people might not be participating.
Re: Millions of educated, experienced workers are tossed aside by a strong economy
#9That's because it's not a strong economy. Millions have stopped looking for work and never started after the recession. Wages have stagnated even for white collar jobs. Employers are unwilling to pay competitively. Millions like the ones in the article are underemployed and underutilized. How the fuck is that a strong economy?
You would expect that as the largest cohort in modern history retires en mass that the ratio of people in the work force to those outside would start to shift. I think its valid to say that a lot of baby boomers were discouraged post-2008 and perhaps would have worked an extra decade had things been better. But at this point we're well into their retirement years.
Except that, statistically, most baby boomers in the USA have zero to little saved for retirement, and can't afford to retire, and so they keep working.
Re: Millions of educated, experienced workers are tossed aside by a strong economy
#10That's because it's not a strong economy. Millions have stopped looking for work and never started after the recession. Wages have stagnated even for white collar jobs. Employers are unwilling to pay competitively. Millions like the ones in the article are underemployed and underutilized. How the fuck is that a strong economy?
You know, I keep hearing the 'many stopped working during the recession' thing bandied about like received wisdom, and have not seen any statistics to back that up. Note: I am not saying it's not true, just that I personally haven't seen any studies or reports to back up that fact. Have you a link? All the U6 (real) unemployment rate numbers I've seen indicate 'real' unemployment is back to pre-recession numbers
How do you propose such statistics be collected if these people have given up and are no longer looking for a job and are no longer receiving unemployment benefits? I assume this is why the unemployment rate doesn't include these people and therefore doesn't ever reflect reality.