The Labor Force Participation Rate is 63 percent. That’s the lowest in four decades. For men it’s the lowest since record-keeping began in the 1940’s. What this means is 37 percent of the able-bodied, working age adults in America are not only not working, they’ve given up looking for work.
Even worse, a unimaginable percentage of those who are employed have only part-time jobs. Seventy-seven percent of the new jobs created since January 1st are part-time jobs.
Studies show 1-in-4 part-time workers live in poverty, while only 1-in-20 full-time workers live in poverty. So millions of Americans under Obama who show up as “employed” are merely working their way towards poverty. And millions of others who have full-time jobs are working at McDonalds, or working as waiters, or bartenders, or janitors. Those are the only jobs left under Obama. The middle class is being slaughtered. But the wealthiest continue to enrich themselves as never before.
I'm not a socialist. I'm not advocating for a redistribution of wealth so most people can sit on their butts and smoke dope while thinking about a sex change operation because they were "born that way" which is nonsense.
The problem is gross mismanagement of the U.S. economy across the entire spectrum from trade to immigration to social services to the way taxing is done to monopoly capitalism, to corruption, to a failed modern liberal indoctrination system that dares to call itself a public education system, to fill in the blank, etc... etc... etc...
Our entire way of life sits on top of a grossly mismanaged Republic which is funded by the greatest deficit spending the world has EVER seen.
It is unsustainable, observable, measurable, and at the end involves a very hard crash for all but a very few.
I'm actually a part of that. I graduated in 2011 and went for a year and a half without a paying job. And even now when I am working in my field, it's only part time. My loans are still in deferment.
And to think, I went into a field that was called "wide open" with lots of job opportunities. For the most part, there were job opportunities, they just weren't for people fresh out of college with no experience.
. As a current STEM major with many friends who are earning or have earned a degree in a STEM field the fact of the matter is there are too many people with STEM degrees and not everyone who earns a STEM degree is going to find a job in their respective field. Employers look for high achievers with higher levels of school, but they also want well rounded and versatile people who can handle a variety of situations and most importantly work with different kinds of people in a productive way.
