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labor force participation rate

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Post by MaxEntropy_Man Fri Sep 02, 2016 11:31 am

i have a friend who is a labor economist. during a recent social gathering, he pointed out this little tidbit that white nationalist (mostly male) groups, especially the breitbart types that drumpf hires his campaign staff from should know:

the labor force participation rate, which is the ratio of the people currently employed and actively looking for work to the total population, is 78.2% for foreign born men, and 67.9% for native born men.

http://www.bls.gov/news.release/archives/empsit_09042015.pdf
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Post by silvermani Fri Sep 02, 2016 11:53 am

labor force participation rate United-states-labor-force-participation-rate

http://www.tradingeconomics.com/united-states/labor-force-participation-rate
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Post by silvermani Fri Sep 02, 2016 11:57 am

Despite the unemployment rate being at an eight-year low (4.9 percent as of January 2016), the number of people on food stamps remains near an all-time highwhich was 47,636,000 in 2013. Why the disparity in the numbers? Well, the unemployment rate does not take into account people who are not in, or have dropped out of, the workforce altogether. The Bureau of Labor Statistics reported in January of this year that approximately 94 million Americans are not participating in the workforce. But the Supplemental Nutrition Assistance Program (SNAP) has been hovering around 46 million participants since 2011. The current figure, as of February 2016, shows average SNAP participation at 45.8 million Americans receiving food stamps in 2015. Bloomberg Business reported that the last time the unemployment rate was at five percent in April 2008, only 28 million Americans were on food stamps.

Welcome to Obummer's paradise! You don't have to work, just get food stamps and enjoy! Of course people are better off!
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Post by MaxEntropy_Man Fri Sep 02, 2016 12:03 pm

the numbers are similar to when reagan aka god was in charge, but why are the numbers different by 10 points for native born and foreign born men?

by the way, there is no magic wand to wave to change these numbers overnight. there are reasons for them -- most people who are unemployed and given up (and therefore on food stamps) are low skilled workers whose jobs have moved overseas. no matter how loudly drumpf shouts, those jobs aren't coming back even if he becomes president -- unless everyone is willing to pay $500 for a pair of running shoes. the solution is massive investment, yes government investment in retraining and reeducation, something that is anathema to your party.
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Post by garam_kuta Fri Sep 02, 2016 12:14 pm

MaxEntropy_Man wrote:the numbers are similar to when reagan aka god was in charge, but why are the numbers different by 10 points for native born and foreign born men?

by the way, there is no magic wand to wave to change these numbers overnight. there are reasons for them -- most people who are unemployed and given up (and therefore on food stamps) are low skilled workers whose jobs have moved overseas. no matter how loudly drumpf shouts, those jobs aren't coming back even if he becomes president -- unless everyone is willing to pay $500 for a pair of running shoes. the solution is massive investment, yes government investment in retraining and reeducation, something that is anathema to your party.
" retraining and reeducation" in what frontiers?

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Post by MaxEntropy_Man Fri Sep 02, 2016 12:16 pm

garam_kuta wrote:
MaxEntropy_Man wrote:the numbers are similar to when reagan aka god was in charge, but why are the numbers different by 10 points for native born and foreign born men?

by the way, there is no magic wand to wave to change these numbers overnight. there are reasons for them -- most people who are unemployed and given up (and therefore on food stamps) are low skilled workers whose jobs have moved overseas. no matter how loudly drumpf shouts, those jobs aren't coming back even if he becomes president -- unless everyone is willing to pay $500 for a pair of running shoes. the solution is massive investment, yes government investment in retraining and reeducation, something that is anathema to your party.
" retraining and reeducation" in what frontiers?

glad you asked. something like this:
https://www.asme.org/engineering-topics/articles/manufacturing-processing/how-does-germany-do-it
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Post by MaxEntropy_Man Fri Sep 02, 2016 12:18 pm

back to the labor force participation rates. some other reasons they may be declining -- baby boomers voluntarily retiring, more folks deciding to attend college than before. they start counting people over 16. many of them in the youngest groups are in college.
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Post by silvermani Fri Sep 02, 2016 2:48 pm

MaxEntropy_Man wrote:the numbers are similar to when reagan aka god was in charge, but why are the numbers different by 10 points for native born and foreign born men?

by the way, there is no magic wand to wave to change these numbers overnight. there are reasons for them -- most people who are unemployed and given up (and therefore on food stamps) are low skilled workers whose jobs have moved overseas. no matter how loudly drumpf shouts, those jobs aren't coming back even if he becomes president -- unless everyone is willing to pay $500 for a pair of running shoes. the solution is massive investment, yes government investment in retraining and reeducation, something that is anathema to your party.

They are lower than during Reagan's time. And way lower than during Bush's time! There is no magic wand to change the numbers but the least Obummer could do is not to gloat about how great the economy is thanks to his rule.
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Post by MaxEntropy_Man Fri Sep 02, 2016 5:19 pm

A more nuanced analysis of why the LFP is decreasing which largely makes the same points I made earlier-- that retirement and school are two of the top reasons for the drops in LFP. 

http://www.bloomberg.com/news/articles/2015-01-19/why-labor-force-participation-is-still-so-low
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Post by silvermani Fri Sep 02, 2016 6:00 pm

Are retirees and school attendees taking food stamps? Why is there an increasing number of Americans on them? Maybe retirees do take them since their interest income was stolen by the asset bubble blowing central bankers. The same asset bubble that Obummer flaunts as indicative of a robust US economy.
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Post by MaxEntropy_Man Thu Sep 08, 2016 10:30 am

http://fivethirtyeight.com/features/dont-blame-a-skills-gap-for-lack-of-hiring-in-manufacturing/

Even if companies invested in more training, though, it’s unlikely they would go on a hiring spree. Ultimately, the slow pace of job growth in manufacturing isn’t companies’ fault any more than it is workers’. The cause is more fundamental than that: Due mostly to automation, U.S. factories now produce more than ever with fewer workers. That’s a trend no job-training program will reverse.
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