and you'll receive our popular
newsletter with latest news,
videos, commentary & more.
Help Us Spread The Word!
HELP US GO VIRAL!!!!
We no longer have the
luxury of time.
Guest Users: 8
By Michael Snyder
September 8, 2014
Should we be concerned that the percentage of Americans that are either working or looking for work is the lowest that it has been in 36 years? In August, an all-time record high 92,269,000 Americans 16 years of age and older did not “participate in the labor force”. And when you throw in the people that are considered to be “in the labor force” but are not currently employed, that pushes the total of working age Americans that do not have jobs to well over 100 million. Yes, it may be hard to believe, but there are more than 100 million working age Americans that are not employed right now. Needless to say, this is not a sign of a healthy economy, and it is a huge reason why dependence on the government has soared to absolutely unprecedented levels. When people can’t take care of themselves, they need someone else to take care of them. If the percentage of people in the labor force continues to decline like it has been, what is that going to mean for the future of our society?
The chart below shows the changes in the civilian labor force participation rate since 1980. As you can see, the rate steadily rose between 1980 and 2000, but since then it has generally been declining. In particular, this decline has greatly accelerated since the beginning of the last recession…
Underneath the Propaganda, Americans Are In BAD SHAPE …
Pulitzer prize-winning reporter David Cay Johnston has researched economics, wages, taxes and related issues for many years. He’s written numerous books on those subjects.
Writing for the San Jose Mercury News, then serving as a columnist for Reuters, Johnston won his Pulitzer writing on economics and tax issues for the New York Times.
President of Investigative Reporters and Editors, Johnson now holds titles such as Distinguished Visiting Lecturer at Syracuse University College of Law and Whitman School of Management.
In other words, Johnston is a highly-credible reporter on economic issues.
This article highlights the stark truth about what happens when we allow our government to be run by corporate interests. The mindless drive to grow as large and powerful as they can becomes the goal of the government as well. The real danger of what's happening is that when we allow corporations to control our government, we are literally handing them the powers of the government to physically enforce whatever they wish. The government doesn't have to respond to a free market. The government can literally force you to do whatever the heck it wishes if it becomes to large and too powerful. And if you're on this web site, you're probably feeling that our government is pretty much at that stage right now.
In a truly free market, a corporation couldn't force you to do anything. But when they can get whatever regulations and legislation they need on the books, they effectively harness the powers of government to impose their will by law, and if need be, at the barrel of a gun or with a threat of jail time.
Our government is totally out of control. It's feeding on all of us and growing bigger and bigger every single year because it's being driven by insanely greedy private global interests. If we don't slam the breaks on it all and reign it in, it's going to invade every area of our lives as it does in countries like China and the Soviet Union. We have to start the process of taking control of our Congress away from these maniacs by voting out their minions in Congress in the upcoming election or we are so screwed it's not even funny! We all know most all members of Congress work solely to advance corporate interests, so what the hell are we waiting for? Do we really need to see a Gulag state emerge before we take any action?!
The thing you have to realize is "government produces NOTHING." The only source of funding for government comes out of your pocket one way or another. And the sole purpose of all government is to tell you what you can and can't do. As our economy gets more and more swallowed up by the government, less and less resources are available for a 'real' economy to grow and prosper. Just picture the scenes of store shelves in communist countries that are practically empty all the time. It's because the government controls everything and deliberately keeps the masses at subsistence levels to control them.
This is the single biggest reason we need to eliminate corporate influence in our government and begin the process of dismantling this God-Awful bloated monstrosity we have allowed to emerge. We have handed over the powers of government to powerful, private interests and it's pure, utter folly to allow it to continue any further.
* * * * * * * * * * * * * * * * * * * *
The Fading American Economy
By PAUL CRAIG ROBERTS
According to the Bureau of Labor Statistics, the US economy lost 98,000 private sector jobs in March, half of which were in manufacturing. Today 13,643,000 Americans are employed in manufacturing, of which 9,849,000 are production workers.
Government employs 22,387,000 Americans, 8,744,000 more than manufacturing. Even the category leisure and hospitality employs 13,682,000 Americans, slightly more than manufacturing. There are as many waitresses and bartenders as production workers.
Wholesale and retail trade employ 21,467,000 Americans. Professional and business services employ 18,036,000 Americans of which 8,368,000 are in administrative and waste services. Education and health services employ 18,699,000 Americans.
Financial activities employ 8,228,000 Americans. The information sector employs 3,010,000. Transportation and warehousing employ 4,532,000. Construction employs 7,338,000, and natural resources, mining and logging employ 751,000. Other services such as repair, laundry, and membership associations employ 5,516,000 Americans.
This is the portrait of the US economy according to the Bureau of Labor Statistics. It is an economy in which government is the largest employer. Manufacturing employment comprises just under 10% of total employment and about 12% of private sector employment. Everything else is services, and not particularly high level services.
Is this a portrait of a super economy?