More Americans leaving workforce

More Americans leaving workforce


Only 45.4% of Americans
had jobs in 2010, the lowest rate since 1983 and down from a peak of
49.3% in 2000. Last year, just 66.8% of men had jobs, the lowest on
record.

What's wrong with the economy may be speeding up
trends that are already happening," says Marc Goldwein, policy director
of the Committee for a Responsible Federal Budget, a non-partisan group
favoring smaller deficits.

For example, job troubles appear to have slowed a
trend of people working later in life, putting more pressure on Social
Security, he says.



Another change: the bulk of those not working has shifted from children to adults.

In 2000, the nation had roughly the same number
of children and non-working adults. Since then, the population of
non-working adults has grown 27 million while the nation added just 3
million children under 18.



USA TODAY analyzed employment numbers and 2010 Census data to see how the ratio of workers to non-workers has changed.

"No matter how wealthy you are, you have a
problem if half the population is not working and depending on those who
are," says John Goodman, president of the conservative National Center for Policy Analysis. "Wherever you look, we've overpromised."



Economist Eileen Applebaum of the liberal Center
for Economics and Policy Research says the real problem is a lack of
jobs. Another 25 million people would work in a healthy economy, and
incentives such as child care assistance could help, she says: "We're
getting richer. We can afford things. We just need to fix what needs to
be fixed."
http://www.usatoday.com/money/economy/employment/2011-04-13-more-americans-leave-labor-force.htm?loc=interstitialskip

Need2Bworking wrote:More Americans leaving workforce

What's wrong with the economy may be speeding up
trends that are already happening," says Marc Goldwein, policy director
of the Committee for a Responsible Federal Budget, a non-partisan group
favoring smaller deficits.

For example, job troubles appear to have slowed a
trend of people working later in life, putting more pressure on Social
Security, he says.

http://www.usatoday.com/money/economy/employment/2011-04-13-more-americans-leave-labor-force.htm?loc=interstitialskip

Marc Goldwein has an agenda (smaller deficits) that's causing him to TELL LIES.

More older workers are continuing to work than in the past 35 years.....

http://www.fa-mag.com/fa-news/6864-more-older-people-continue-working.html

Getting social security retirement benefits doesn't stop someone from working.

I had planned to work at a full time job until I was 65 or older. My Dad ran his business until 1 moth before he passed away at 86.

I realize now that I will never have a "real job" again