Women

The U.S. Labor Force Participation Rate Is At A 35 Year Low

October 22, 2013October 22, 2013 by Michael

The percentage of Americans that are participating in the labor force is the lowest that it has been in 35 years. During the 70s, 80s and 90s, the labor force participation rate consistently rose as large numbers of women entered the workforce. It peaked at 67.3 percent in early 2000, and just before the last recession it was sitting at about 66 percent. Since the start of the last recession, the labor force participation rate has not stopped falling and it is now at a 35 year low. In September, 11,255,000 Americans were considered to be “unemployed”, and an astounding 90,609,000 Americans were considered to be “not in the labor force”. The number of Americans “not in the labor force” has increased by more than 10 million since Barack Obama entered the White House. When you add the number of unemployed Americans to the number of Americans “not in the labor force”, you come up with a grand total of more than 101 million working age Americans that do not have a job.

The Obama administration and the mainstream media continue to insist that we are in the midst of an “economic recovery”, but that is a total joke. Does the chart posted below look like a recovery to you?…

Americans are leaving the labor force in droves. If the labor force participation rate was at the same level that it was when Obama first became president, the official unemployment rate would be up around 10 percent and everyone would be wondering when the “economic depression” would finally end.

It is funny how our perceptions of reality are so greatly shaped by what our televisions tell us to think.

Below I have posted a chart of the “inactivity rate” of U.S. men in the 25 to 54-year-old age group. As you can see, the percentage of men in their prime working years that are not employed and not considered to be unemployed either has been rising steadily…

We have millions upon millions of men just sitting around and doing essentially nothing. Not that women are doing so much better. In fact, the labor force participation rate for women is at a 24 year low.

Some people may be tempted to think that all of this is happening because more Americans are choosing to stay home and raise children. But that is not the case at all. In fact, in a previous article I showed that the marriage rate in the U.S. is at an all-time low and the birth rate for young women in this country is also at an all-time low.

People are not staying home because of family obligations. Rather, people are staying home because there aren’t enough jobs available.

And when Americans that are actually employed do lose their jobs, it is taking them a very, very long time to find another one. Just check out the following chart…

Once again, I must ask – does that look like a “recovery” to you?

Obama can say the word “recovery” as much as he would like, but that does not make it a reality.

So is anyone out there actually doing well?

Yes, as I have talked about frequently, some pockets of the country are doing quite nicely. In fact, government workers (think Washington D.C.) and finance workers (Wall Street, etc.) are tied for the lowest rates of unemployment in the nation (3.9 percent).

But for almost everyone else, things are very hard right now and poverty continues to grow.

Just today, I came across a recent study that discovered that nearly half of all public students in the United States come from low income homes.

That is an incredible number.

But this is just the beginning of our problems. Our debt continues to grow by leaps and bounds and our big banks are engaging in extraordinarily reckless behavior. As Richard Russell recently discussed, it is only a matter of time before this entire house of cards comes tumbling down…

In this whole process, debt has been created to an extent never seen before in history. So far, the debt has been managed with super-low interest rates and borrowing. But the compounding process goes on, and the debt mountain continues to grow. So, to be brief, I see the theme of today as the “haves” doing whatever they have to — to remain in power.

The dangers in the background for the haves are the possibilities that (1) interest rates will begin to advance, and (2) inflation will rise and be so visible that even the common man will recognize it, and begin to protest, or even revolt and (3) the whole debt structure will rise so high that it will topple over of its own weight and take down the entire world economy with it.

So as bad as things are today, the truth is that they are far, far better than what is eventually coming.

If you want to get a glimpse of the future of the U.S. economy, just check out what has happened to Greece…

Greeks are on average almost 40 percent poorer than they were in 2008, data indicated, laying bare the impact of a brutal recession and austerity measures the government may be forced to extend into next year.

Gross disposable incomes fell 29.5 percent between the second quarters of 2008 and 2013, statistics service ELSTAT said on Tuesday. Adding in cumulative consumer price inflation over the same period takes the decline close to 40 percent.

As you can see from the charts posted above, our economy has never even come close to getting back to the level that we were at before the last financial crisis.

And now the next wave of the economic collapse is approaching.

Right now, Spain has an unemployment rate that is above 26 percent and Greece has an unemployment rate that is above 27 percent.

We will eventually be heading up toward those levels.

As millions of good paying jobs continue to be shipped overseas, and as technology continues to eliminate millions of our jobs, the unemployment situation in this country will continue to grow even worse.

And whenever the next great financial crisis inevitably strikes, that will greatly accelerate our employment problems.

If you can move toward becoming more independent of the “system”, now would be a good time to do so. The job that you have today may not be there next month or next year.

We are moving into the greatest period of economic instability in U.S. history.

Get ready for it while you still can.

35 Statistics About The Working Poor In America That Will Blow Your Mind

January 15, 2013 by Michael

In America tonight, tens of millions of men and women will struggle to get to sleep because they are stressed out about not making enough money even though they are working as hard as they possibly can. They are called “the working poor”, and their numbers are absolutely exploding. As a recent Gallup poll showed, Americans are more concerned about the economy than they are about anything else. But why are Americans so stressed out about our economic situation if things are supposedly getting better? Well, the truth is that unemployment is not actually going down, and the real unemployment numbers are actually much worse than what is officially being reported by the government. But unemployment is only part of the story. Most American workers are still able to find jobs, but an increasing proportion of them are not able to make ends meet at the end of the month. Our economy continues to bleed good paying middle class jobs, and to a large degree those jobs are being replaced by low income jobs. Approximately one-fourth of all American workers make 10 dollars an hour or less at this point, and we see them all around us every day. They flip our burgers, they cut our hair and they take our money at the supermarket. In many homes, both parents are working multiple jobs, and yet when a child gets sick or a car breaks down they find that they don’t have enough money to pay the bill. Many of these families have gone into tremendous amounts of debt in order to try to stay afloat, but once you get caught in a cycle of debt it can be incredibly difficult to break out of that.

So what is the solution? Well, the easy answer would be that we need the U.S. economy to start producing more good paying jobs, but that is easier said than done. Our big corporations continue to ship huge numbers of good paying manufacturing jobs out of the country, and millions of Americans have been forced to scramble to find whatever work is available. Today, there are so many very talented American workers that are trapped in low wage work. According to the Working Poor Families Project, “about one-fourth of adults in low-income working families were employed in just eight occupations, as cashiers, cooks, health aids, janitors, maids, retail salespersons, waiters and waitresses, or drivers.” A lot of those people could do so much more for society, but they don’t have the opportunity.

Sadly, the percentage of low paying jobs in our economy continues to increase with each passing year, so this is a problem that is only going to get worse. So don’t look down on the working poor. The good paying job that you have right now could disappear at any time and you could end up joining their ranks very soon.

The following are 35 statistics about the working poor in America that will blow your mind…

#1 According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income”.

#2 According to the U.S. Census Bureau, 57 percent of all American children live in a home that is either “poor” or “low income”.

#3 Back in 2007, about 28 percent of all working families were considered to be among “the working poor”. Today, that number is up to 32 percent even though our politicians tell us that the economy is supposedly recovering.

#4 Back in 2007, 21 million U.S. children lived in “working poor” homes. Today, that number is up to 23.5 million.

#5 In Arkansas, Mississippi and New Mexico, more than 40 percent all of working families are considered to be “low income”.

#6 Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

#7 Half of all American workers earn $505 or less per week.

#8 At this point, one out of every four American workers has a job that pays $10 an hour or less.

#9 Today, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.

#10 Median household income in the United States has fallen for four consecutive years.

#11 Median household income for families with children dropped by a whopping $6,300 between 2001 and 2011.

#12 The U.S. economy continues to trade good paying jobs for low paying jobs. 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

#13 Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.

#14 According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.

#15 There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.

#16 Low income families spend about 8.6 percent of their incomes on gasoline. Other families spend about 2.1 percent.

#17 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance. Today, only 55.1 percent are covered by employment-based health insurance.

#18 According to one survey, 77 percent of all Americans are now living paycheck to paycheck at least part of the time.

#19 Millions of working poor families in America end up taking on debt in a desperate attempt to stay afloat, but before too long they find themselves in a debt trap that they can never escape. According to a recent article in the New York Times, the average debt burden for U.S. households that earn $20,000 a year or less “more than doubled to $26,000 between 2001 and 2010“.

#20 In 1989, the debt to income ratio of the average American family was about 58 percent. Today it is up to 154 percent.

#21 According to the Economic Policy Institute, the wealthiest one percent of all Americans households on average have 288 times the amount of wealth that the average middle class American family does.

#22 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

#23 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.

#24 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

#25 Sadly, the bottom 60 percent of all Americans own just 2.3 percent of all the financial wealth in the United States.

#26 The average CEO now makes approximately 350 times as much as the average American worker makes.

#27 Corporate profits as a percentage of GDP are at an all-time high. Meanwhile, wages as a percentage of GDP are near an all-time low.

#28 Today, 40 percent of all Americans have $500 or less in savings.

#29 The number of families in the United States living on 2 dollars a day or less more than doubled between 1996 and 2011.

#30 The number of Americans on food stamps has grown from 17 million in the year 2000 to more than 47 million today.

#31 Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, about one out of every 6.5 Americans is on food stamps.

#32 More than one out of every four children in the United States is enrolled in the food stamp program.

#33 Incredibly, a higher percentage of children is living in poverty in America today than was the case back in 1975.

#34 If you can believe it, the federal government hands out money to 128 million Americans every single month.

#35 Federal spending on welfare has reached nearly a trillion dollars a year, and it is being projected that it will increase by another 80 percent over the next decade.

22 Stats That Prove That There Is Something Seriously Wrong With Young Men In America

December 18, 2012December 17, 2012 by Michael

When are we finally going to admit that we have a very serious problem with this generation of young men in America? We have failed them so dramatically that it is hard to put it into words. We have raised an entire generation of young males that don’t know how to be men, and many of them feel completely lost. Sometimes they feel so lost that they “snap” in very destructive ways. Adam Lanza and James Holmes are two names that come to mind. Why is it that mass murderers are almost always young men? Why don’t young women behave the same way? Sadly, Adam Lanza and James Holmes are just the tip of the iceberg of a much larger problem in our society. Our young women vastly outperform our young men in almost every important statistical category. Young men are much more likely to perform poorly in school, they are much more likely to have disciplinary problems and they are much more likely to commit suicide. In the old days, our young men would gather in the streets or in the parks to play with one another after school, but today most of them are content to spend countless hours feeding their addictions to video games, movies and other forms of entertainment. When our young men grow up, many of them are extremely averse to taking on responsibility. They want to have lots of sex, but they aren’t interested in marriage. They enjoy the comforts of living at home, but they don’t want to go out and pursue career goals so that they can provide those things for themselves. Our young men are supposed to be “the leaders of tomorrow”, but instead many of them are a major burden on society. When are we finally going to admit that something has gone horribly wrong?

There is even a name for this generation of young men that does not want to grow up. It is called the “Peter Pan generation”. They want to enjoy the benefits of being grown up without ever taking on the responsibilities. A member of this “Peter Pan generation” recent wrote an article for the Daily Mail in which he discussed what he and his friends are going through…

I haven’t yet had to grow up so, well, I haven’t.

Reckless, irresponsible and immature? Yes. But at least I can take comfort in the fact I am not alone.

Last week, I read that there is even a name for people such as me. We are the ‘Peter Pan generation’; a sizeable group of 25 to 40-year-olds who exist in a state of extended adolescence, avoiding the trappings of responsibility — marriage, mortgage, children — for as long as possible.

‘Our society is full of lost boys and girls hanging out at the edge of adulthood,’ says Professor Frank Furedi, a sociologist who has been studying this phenomenon, at the University of Kent.

‘Another word sometimes used to describe these people is “adultescent” — generally defined as someone who refuses to settle down and make commitments, and who would rather go on partying into middle age.’

Young men in America didn’t always behave this way. Several decades ago, men in America moved away from home, got married and had children much earlier than they do now. But the young men of today seem to want to put off the “markers of adulthood” for as long as possible. The following is from an outstanding article by Sandy Hingston…

Sociologists cite five “markers” or “milestones” that have traditionally defined our notion of adulthood: finishing school, moving away from the parental home, becoming financially independent, getting married, and having a child. In 1960, 65 percent of men had ticked off all five by age 30; by 2000, only a third had. The experts have plenty of explanations for what’s come to be called “extended adolescence” or “emerging adulthood”—or what New York Times columnist David Brooks calls the “Odyssey Years.” They blame helicopter parents, the burden of student loan debt, much higher poverty rates among young people (nearly half of all Americans ages 25 to 34 live below the national level), and a dearth of vo-tech training and manufacturing jobs. Almost 60 percent of parents are now giving money to their grown kids—an average of $38,340 per child in the years between ages 18 and 34. Whatever happened to the son looking after his mom?

So why is all of this happening?

Well, there are a whole host of reasons. But certainly parents and our education system have to bear much of the blame. In the old days, young men were taught what it means to “be a man”, and morality was taught to young men both by their parents and in the schools. But today, most young men have very little understanding of what “manhood” is, and our society has taught them that morality doesn’t really matter. Instead, television and movies constantly portray young men as sex-obsessed slackers that just want to party all the time, so that is what many of our young men have become.

How much better off would our society be if we had trained this generation of young men to love, honor, protect and take care of others?

How much better off would our society be if we had nurtured the manhood of our young men instead of teaching them to be ashamed of it?

How much better off would our society be if we had disciplined our young men and taught them morality when they were getting off track instead of just letting them do whatever they wanted?

The following are 22 stats that prove that there is something seriously wrong with young men in America today…

#1 Males account for approximately 70 percent of all Ds and Fs in U.S. public schools.

#2 About two-thirds of all students in “special education programs” are boys.

#3 The average American girl spends 5 hours a week playing video games. The average American boy spends 13 hours a week playing video games.

#4 The average young American will spend 10,000 hours playing video games before the age of 21.

#5 One study discovered that 88 percent of all Americans between the ages of 8 and 18 play video games, and that video game addiction is approximately four times as common among boys as it is among girls.

#6 At this point, 15-year-olds that attend U.S. public schools do not even rank in the top half of all industrialized nations when it comes to math or science literacy.

#7 In 2011, SAT scores for young men were the worst that they had been in 40 years.

#8 According to a survey conducted by the National Geographic Society, only 37 percent of all Americans between the ages of 18 and 24 can find the nation of Iraq on a map.

#9 According to the New York Times, approximately 57 percent of all young people enrolled at U.S. colleges are women.

#10 It is being projected that women will earn 60 percent of all Bachelor’s degrees from U.S. universities by the year 2016.

#11 Even if they do graduate from college, most of our young men still can’t find a decent job. An astounding 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed during 2011.

#12 Pornography addiction is a major problem among our young men. An astounding 30 percent of all Internet traffic now goes to pornography websites, and one survey found that 25 percent of all employees that have Internet access in the United States even visit sex websites while they are at work.

#13 In the United States today, 47 percent of all high school students have had sex.

#14 The United States has the highest teen pregnancy rate on the entire planet. If our young men behaved differently this would not be happening.

#15 In the United States today, one out of every four teen girls has at least one sexually transmitted disease. If our young men were not sex-obsessed idiots running around constantly looking to “score” these diseases would not be spreading like this.

#16 Right now, approximately 53 percent of all Americans in the 18 to 24 year old age bracket are living at home with their parents.

#17 According to one survey, 29 percent of all Americans in the 25 to 34 year old age bracket are still living with their parents.

#18 Young men are nearly twice as likely to live with their parents as young women the same age are.

#19 Overall, approximately 25 million American adults are living with their parents in the United States right now according to Time Magazine.

#20 Today, an all-time low 44.2% of Americans between the ages of 25 and 34 are married.

#21 Back in 1950, 78 percent of all households in the United States contained a married couple. Today, that number has declined to 48 percent.

#22 Young men are about four times more likely to commit suicide as young women are.

So what do you think about this generation of young men in America? Please feel free to post a comment with your thoughts below…

Why Does Our Society Look Down On Unemployed Men So Much?

September 28, 2012 by Michael

If you are unemployed for an extended period of time, people are going to look at you differently. Unfortunately, this is especially true if you are a man. In our society, men are primarily defined by “what they do”. If you have been unemployed for a long period of time, that can make social interactions even more awkward than normal. Most people will instantly become more uncomfortable around you when they find out that you are unemployed. Many will look at you with pity, and others will actually look at you with disdain. Women will not want to date you, and if you are in a relationship unemployment will put a tremendous amount of strain on it. Once you “don’t have a job”, you will not get the same level of respect from former co-workers, friends, members of your own family and possibly even your own wife. So why does our society look down on unemployed men so much? Well, it is generally expected that men are supposed to be the “breadwinners” for their families. If a woman stays home with the kids nobody has any problems with that, but if men do the same thing it tends to raise eyebrows. But there is a big problem. Our economy is not producing enough jobs for everyone. In fact, there are millions upon millions more workers than there are jobs. It would be great if this was just a temporary situation, but as I have written about previously, there will never be enough jobs in America ever again. So there will continually be millions upon millions of men that are looked down upon by society because they can’t get jobs, and as a result we are going to have millions upon millions of men that are constantly battling against soul-crushing despair.

It can be really hard to “feel like a man” when you aren’t making any money.

And most women simply are not interested in becoming romantically involved with an unemployed man. Just check out what one recent survey found….

Of the 925 single women surveyed, 75 percent said they’d have a problem with dating someone without a job. Only 4 percent of respondents asked whether they would go out with an unemployed man answered “of course.”

“Not having a job will definitely make it harder for men to date someone they don’t already know,” Irene LaCota, a spokesperson for It’s Just Lunch, said in a press release. “This is the rare area, compared to other topics we’ve done surveys on, where women’s old-fashioned beliefs about sex roles seem to apply.”

Those are some pretty overwhelming numbers.

So is it the same way when the roles are reversed?

Not even close.

When men were asked the same question, the difference was absolutely shocking….

On the other hand, the prospect of dating an unemployed woman was not a problem for nearly two-thirds of men. In fact, 19 percent of men said they had no reservations and 46 percent of men said they were positive they would date an unemployed woman.

Admittedly, men are often thinking about other things when they are evaluating whether they want to date a women or not. Yes, there are some men these days that are concerned about how much money a woman makes, but the truth is that men tend to be much less concerned about income levels than women are.

In fact, a UK study that was released last year discovered that British women are even more concerned about the education and income of a potential mate than they were back in the 1940s.

So if you are unemployed you are probably not going to find much success in the romance department either.

If you are married, being unemployed is likely to put a huge strain on your marriage. The following is a short excerpt from a recent Business Insider article entitled “TRUE CONFESSION: I’m Sick Of My Unemployed Husband“….

I can’t even remember when my husband stopped working.

And frankly, I don’t have time to think about it, between my full-time job and my fledgling business, volunteering at an after-school program to help teenagers prepare for the professional world and mothering two children.

But when I do think about it–when I think about all the times I come home to see evidence of his entire day’s activities cluttering the coffee table, or when I have to take our shared car to work and strand him at home because he doesn’t feel like getting up to drive me–I’m angry.

If a husband is unemployed for an extended period of time, there is a very good chance that the wife is going to start feeling very resentful.

If things get bad enough, many women will pull the plug on their marriages and will get rid of their “unproductive” husbands.

Last year, Time Magazine reported on a study that indicated that unemployed men were significantly more likely to get divorced than employed men were.

My goal in writing this is not to “bash women”. I am just pointing out how hard things are for unemployed men in our society. Many wives (and their extended families) simply do not understand that our economy has fundamentally changed. In the old days just about any hard working man that wanted a job could go out and get one. That is most definitely NOT the case today.

Hopefully we can get more women to understand this. I know that it can be hard to be patient when your husband is unemployed for month after month after month.

But at a time when husbands need their support the most, many wives withdraw emotionally and become very angry.

For example, how many women have you ever heard declare how proud they are of their unemployed husbands?

Of course there are definitely situations where these roles are reversed and employed husbands are badgering their unemployed wives about getting a job, but in general our society tends to have a greater degree of tolerance for unemployed women than it does for unemployed men.

Sadly, most people simply do not understand how dramatically things have changed in our economy.

The following chart shows the stunning decline in the percentage of working age men with a job over the past 60 years….

Back in the 1950s, there were times when nearly 85 percent of all working age men had jobs.

We will never get back to anything close to that ever again.

Prior to the last recession, about 70 percent of all working age men were employed.

Since the end of the recession, that number has not gotten back to 65 percent at any point.

That means somewhere around 5 percent of all working age American men have been displaced from the workforce permanently.

The mainstream media would have us believe that we are experiencing an “economic recovery” but that is a massive lie. The real unemployment numbers are much worse than we have been told.

If you take a look at all working age Americans (men and women), there are actually more than 100 million of them that do not have jobs right now.

I know that statistic can be hard to believe. I had a hard time believing it at first. But it is actually true.

Meanwhile, the incomes of those who are working continue to fall. According to the U.S. Census Bureau, median household income in the United States has fallen for four years in a row.

But this is not a trend that just started recently. According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.

We are in the midst of a long-term economic decline and it is time for all of us to admit how bad things have really gotten.

So what are all of the men who are not working doing these days?

Well, there are some that have chosen to stay at home with the kids. In a previous article, I discussed how the number of “stay at home dads” has doubled over the past decade.

But the overall percentage of “Mr. Moms” is still very, very low according to Fox News….

There were only about 81,000 Mr. Moms in 2001, or about 1.6 percent of all stay-at-home parents. By last year, the number had climbed to 176,000, or 3.4 percent of stay-at-home parents, according to U.S. Census data.

The vast majority of working age men still want to work outside of the home and earn a living for their families.

Unfortunately, most families need more than one income to make it these days. In fact, in many cases both parents are working multiple jobs in an attempt to make ends meet.

Meanwhile, the number of good jobs continues to decline and the middle class in America continues to shrink.

This is hitting our young people that are just starting out particularly hard. For example, during 2011 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed.

And as I have written about previously, this is resulting in huge numbers of our young people moving back home with Mom and Dad.

This is particularly true when it comes to young men. According to CNN, American men in the 25 to 34 age bracket are nearly twice as likely to live with their parents as women the same age are….

The number of adult children who live with their parents, especially young males, has soared since the economy started heading south. Among males age 25 to 34, 19% live with their parents today, a 5 percentage point increase from 2005, according to Census data released Thursday. Meanwhile, 10% of women in that age group live at home, up from 8% six years ago.

How are our young men going to be able to get married and start families if they can’t find jobs and they are living in our basements?

Sadly, things are really hard for everyone right now. Since June 2009, we have supposedly been in “the Obama recovery”, but median household income in America has fallen during that time period by $3040.

People keep waiting for things to “get better”, but it just isn’t happening. This was beautifully illustrated the other night during a Saturday Night Live skit that had “Barack Obama” speaking in front of a rally of unemployed and underemployed workers. You can find video of that skit right here.

There are millions upon millions of men (and women) all over America that are ready and willing to go back to work.

Sadly, there will never be enough jobs for all of them ever again, and that is not going to change no matter who wins the election.

In fact, when the next wave of the economic collapse hits the United States it is likely that unemployment is going to get a whole lot worse.

What will our society look like when that happens?

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