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CU Medallion [20802]
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Paw Master [17184]
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Cut welfare and we would have a surplus of workers.***
Apr 9, 2025, 9:59 AM
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CU Medallion [20802]
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Re: Cut welfare and we would have a surplus of workers.***
Apr 9, 2025, 10:12 AM
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Something she alluded to as well:
“So where have all the good working men gone? Some are subsisting on government benefits or living off their parents. About 17% of working-age men are on Medicaid, 7.4% on food stamps and 6.3% on Social Security (many claiming disability payouts), according to the Census Bureau. Many spend their days playing videogames and day-trading.“
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Ultimate Clemson Legend [108412]
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Re: WSJ Opinion: A Good Man for Manufacturing is Hard to Find
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Apr 9, 2025, 10:13 AM
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She lost me at this:
"Decades ago, productivity-enhancing technology and, yes, inexpensive imports caused men who worked on shop floors to lose their jobs and drop out of the workforce."
Almost all of the decline in LPR that she cites (I was in her camp once) is from boomers retiring.
But she goes on, and off a cliff:
"The labor force participation rate among working-age men is now about five percentage points lower than in the early 1980s. As a result, there are about 3.5 million fewer men between the ages of 25 and 54 in the workforce, and 1.3 million between the ages of 25 and 34, than there would have been were it not for this decline."
* there are roughly 5 million more women than men in the US.
Forgetting the gender issues for a second, look at the whole prime age LPR:
https://fred.stlouisfed.org/series/LNS11300060
This chart above, coupled with low unemployment, shows a country at or near the labor capacity it has. In fact, you may note the massive increase in prime age labor participation peaked and then leveled off around THE SAME TIME immigrants started flooding into the US, legal and illegal, which also happens to be when our trade deficits started growing. The 1980's saw us reach peak labor. Then we exceeded it with undocumented workers, for decades more. Then exceeded that with imports to gain even more labor.
For Trump's dream to become a reality, American consumer demand must drop, and it will as he removes labor from our economy. Like I said, America standing on our own two feet, is an America many Americans have never lived, if under 35-40yo.
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Ring of Honor [22189]
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Not addressing immigrant labor is a big oversight that indicates political bias
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Apr 9, 2025, 10:31 AM
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Regardless of source, inexpensive labor (whether onshore or offshore) contributes to inexpensive products.
And as you mentioned, total labor participation rate is an important metric to analyze. Instead the author speculates on the cause for lower male participation rates. Of course the speculation fits a preconceived bias about millennials and Gen Z without any source.
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Ultimate Clemson Legend [108412]
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I'm a numbers guy. I avoid politics (now) because it clouds judgement.
Apr 9, 2025, 10:50 AM
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You reach a point in life when you finally realize, everything happens, and exists, for a reason. If there wasn't a reason for something to exist, it generally tends not to exist. You may like something or hate something, but both SOMETHINGS exist for a very good reason, your opinion (politics) notwithstanding.
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Clemson Sports Icon [59360]
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These darn kids don't wanna work!
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Apr 9, 2025, 10:56 AM
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Ok boomer.
How does being on Medicaid or food stamps make it so you don't have to work? If anything, those programs subsidize businesses who underpay their employees. How about instead of maximizing profits, share prices, and executive compensation they increase salaries and benefits for their workers? Then we could reduce government spending, too, which conservatives pretend to care about.
Whose money are these slackers supposedly day-trading with?
They live with their parents because they can't afford to live on their own. The issue is cost of living, not laziness.
This article is right wing pig slop. They're demonizing the direct results of their own policies.
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Ring of Honor [22189]
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And with more women in the work force, more males have domestic responsibilities
Apr 9, 2025, 11:14 AM
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And may be Gig workers in various sectors that afford them flexibility.
Of course this narrative doesn’t support the extreme and uninformed bias of the author. Her speculation is intended to get support from the MAGA base.
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