Magnetic Synthesizer Posted September 7, 2015 Posted September 7, 2015 http://www.dlt.ri.gov/lmi/laus/us/usadj.htm 2015: 316million labor force: 157 million ( about 50% work) 1978: 222million labor force: 100 million (less than 50% work) I might have been fooled so bad, there is no economic crisis? How can it be unsustainable when it hasn't degenerated for so long? It has always been this way, its sustainable... Now If I coud have data as convenient as this one for Laborforce distribution by age group?
shirgall Posted September 7, 2015 Posted September 7, 2015 Well, I was alive in 1978, 10 years old, but I have some perspective. I remember the Camp David Accords with Carter, Begin, and Sadat. I remember gas lines averted by getting a diesel Rabbit. And I certainly remember this little gem: https://en.wikipedia.org/wiki/1970s_energy_crisis And then there's this little measure to push for full employment, but I don't remember it or its effects: https://en.wikipedia.org/wiki/Humphrey%E2%80%93Hawkins_Full_Employment_Act
Magnetic Synthesizer Posted September 7, 2015 Author Posted September 7, 2015 You have to be kidding me, this is a hawks!? This website https://www.opm.gov/policy-data-oversight/data-analysis-documentation/federal-employment-reports/historical-tables/total-government-employment-since-1962/ claims that there are only 4 million in the workforce. So 146 in private sector... how is this unsustainable? http://www2.census.gov/govs/apes/2013_summary_report.pdf What is a local government?
shirgall Posted September 7, 2015 Posted September 7, 2015 You have to be kidding me, this is a hawks!? This website https://www.opm.gov/policy-data-oversight/data-analysis-documentation/federal-employment-reports/historical-tables/total-government-employment-since-1962/ claims that there are only 4 million in the workforce. So 146 in private sector... how is this unsustainable? http://www2.census.gov/govs/apes/2013_summary_report.pdf What is a local government? A local government is any government other than the Federal one, or the one's governing entire states. Most states have counties which have local governments, and some counties are even broken up into townships or other sections that have local governments. Towns and cities of a size to become incorporated also have local governments.
Guest Gee Posted September 7, 2015 Posted September 7, 2015 1978 is an interesting choice, http://goldprice.org/axstone/2007/11/review-gold-price-corrections.html The really simple answer is it is not falling down because it is being propped by regulation and currency devaluation, aka, force.
Magnetic Synthesizer Posted September 7, 2015 Author Posted September 7, 2015 1978 is an interesting choice, http://goldprice.org/axstone/2007/11/review-gold-price-corrections.html The really simple answer is it is not falling down because it is being propped by regulation and currency devaluation, aka, force. Looking at those numbers I think its not going to fall regardless of currency devaluation (ignoring debt) I think it will never crash with the tools of control avialable to the controllers. I thought that the statistcs where unprecedented and now I realise that they are not.
Guest Gee Posted September 7, 2015 Posted September 7, 2015 I can see why you might think that, after all, currency devaluation didn't negativly impact Wiemar Germany, Zimbabwe, 18th centuary France, ancient Rome, 1940s Hungary, 1970s Argintina, 1990s Peru, 1970s Chile, 1990s Angola, 1990s Yugoslavia, 1990s Belarus, 1920s Austria, South Africa (Black rule to present), Late 40s China (which peaked in 1949 I think, a date significant as the start of the Chinease communist revolution), 1970s Mexico, 1990s Romania, 1980s Vietnam, etc...., etc...., And of course stimulus spending has worked really well in Japan!
Magnetic Synthesizer Posted September 7, 2015 Author Posted September 7, 2015 I can see why you might think that, after all, currency devaluation didn't negativly impact Wiemar Germany, Zimbabwe, 18th centuary France, ancient Rome, 1940s Hungary, 1970s Argintina, 1990s Peru, 1970s Chile, 1990s Angola, 1990s Yugoslavia, 1990s Belarus, 1920s Austria, South Africa (Black rule to present), Late 40s China (which peaked in 1949 I think, a date significant as the start of the Chinease communist revolution), 1970s Mexico, 1990s Romania, 1980s Vietnam, etc...., etc...., And of course stimulus spending has worked really well in Japan! I don't see how this argues for something regarding the US, that stimulus spending is bad? I am not focused on that, I am focused wether there will be a crash or a recovery or an eternal stagnation. I consider there might be a recovery.
Alan C. Posted September 8, 2015 Posted September 8, 2015 There were far more stay-at-home moms in the 70s than there are today. A man could easily support a family on a modest salary.
Recommended Posts