You're partially right Jim.
I had searched the net and repeatedly came up with the 90 million, so I
went to Politifact.
http://www.politifact.com/truth-o-meter/statements/2013/jul/30/blog-posting/are-90-million-americans-not-working-or-looking-wo/
They list the number of working age, subtract the number employed and
come up with 90 million BUT they point out this number with their
calculations is closer to 20 million. OTOH, they neglect those who are
under employed, or stuck with part time work which could double the
number to 40 million, or still substantially less than the 90 million
listed in many places on the internet.
I should have dug farther, but 8 or 10 links all showed the 90 million
figure, the disturbing trend is fewer people are entering the
workforce, From 2009 to 2013 (last year the figures were available) the
percent in the labor force participation rate dropped from 65.7% to
63.5% That number includes part timers and under employed as working.
Looking up the pay scales, many of those liberal arts students will be
unable to find a job capable of paying off their college loans by the
time they retire.
I quit a job that paid better than most college grads earn, so I could
go to college, but the CS degree paid much better still with more chance
for advancement.
Many would have been better off with a two year degree and a great deal
less debt..
20 to 40 million is still a very large number and that 90 million does
includes all those of working age. Many retirees are finding it
necessary to reenter the workforce, but they aren't counted when out of
work. When I went to the university, many of the students took their
first two years at a local college and then worked to keep their debt down.
I should have worked a few more years. It would have made a whale of a
difference in my pension and SS
73
Roger (K8RI)
On 7/7/2016 Thursday 12:28 PM, K7LXC--- via TowerTalk wrote:
There are, after all, over 90 million Americans out of work,
Whoa! Would you please cite where you got this info? Methinks that
would have to include infants and students to reach that number.
Cheers,
Steve K7LXC
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73
Roger (K8RI)
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