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US unemployment rate came in at 4.9 percent in July 2016 unchanged from the June rate and above market expectations of 4.8 percent. The number of unemployed persons was essentially unchanged at 7.8 million.
Once you strip out full-time students, senior citizens, the disabled, and those who have chosen not to work to take care of their children, a more reasonable estimate of "out of work" Americans is somewhere in the neighborhood of 21 million, or less than a quarter of Trump’s figure.
originally posted by: TheRedneck
a reply to: WanderingNomadd
The problem with your analysis is that the economy is not a zero-sum system. One man making more does not necessarily mean another man makes less. If that were so, considering the population in 1920 was about one-third what it is now, we should be a third of the $3269.40 reported median income that year, or around $1100. It's nowhere near that low.
Capitalism uses human greed to promote competition. Competition then, theoretically, produces efficiency and growth. What we have done is to try and take the competition out of the equation, because it's "too hard" for people. The result is that one group succeeds because they are willing to do what it takes to succeed, and a larger group complains. Now add in the government trying to 'equalize' results between everyone, and you get the disaster we have today. Those who sacrificed to get ahead are looking at those who didn't make the sacrifices but are getting a free ride up the ladder of financial success and thinking "why should I bust my butt?"
I know this because I am one of them. I busted my butt for 6 years in school at over 50 years old, raising a family by working every crap job that came along, staying up all night studying, scratching, scrimping, oftentimes not sure if I would have electricity the next month. Now I have the degree(s) needed for success, picked up an internship making $15 an hour part-time while I wait for a full-time job, and here someone else decides they should get the same thing for... wait for it... throwing a fit and crying.
Yeah, it bothers me. Why should I bust my butt? Why should anyone? Let's just throw a little temper tantrum and get the government to give us what we want.
Success can be had. I'm proof. You just have to work for it, and crying while you wait for someone else to help you instead of helping yourself doesn't count.
TheRedneck
a reply to: TheRedneck
I know this because I am one of them. I busted my butt for 6 years in school at over 50 years old, raising a family by working every crap job that came along, staying up all night studying, scratching, scrimping, oftentimes not sure if I would have electricity the next month. Now I have the degree(s) needed for success, picked up an internship making $15 an hour part-time while I wait for a full-time job, and here someone else decides they should get the same thing for... wait for it... throwing a fit and crying. Yeah, it bothers me. Why should I bust my butt? Why should anyone? Let's just throw a little temper tantrum and get the government to give us what we want.
The ratio of good manufacturing companies and jobs and the number of those seeking them is disappointing.
And I think many who are angry and bitch are victims of the NWO.
Today, college grads in the best professions are finding jobs hard to find.
Also, wealth distribution in the workforce is embarrassing.
Everyone want the most for the least.