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re: 12 hours until December unemployment and jobs reports - guesses?
Posted on 1/10/14 at 2:04 pm to Y.A. Tittle
Posted on 1/10/14 at 2:04 pm to Y.A. Tittle
quote:
Damn, so we're basically approaching the workforce percentage level now of the time before women began entering the workforce en masse?
Right. But I think there are two general causes. One is political and one is structural. The political cause is Obama's policies, the largest being Obamacare. It is forcing businesses to pile resources into meeting that regulation instead of reinvestment. The second is the retirement of the baby boomer generation. The baby boomer generation is a large population of employed people leaving the work force.
3
Posted on 1/10/14 at 2:06 pm to GumboPot
quote:
It is forcing businesses to pile resources into meeting that regulation instead of reinvestment.
This is true to an extent and in particular for smaller and medium size businesses.
But as far as big business goes, it's not a lack of capital to reinvest.
quote:
The second is the retirement of the baby boomer generation. The baby boomer generation is a large population of employed people leaving the work force.
This will eventually be a good thing.
Posted on 1/10/14 at 2:10 pm to GumboPot
quote:
Right. But I think there are two general causes. One is political and one is structural. The political cause is Obama's policies, the largest being Obamacare. It is forcing businesses to pile resources into meeting that regulation instead of reinvestment. The second is the retirement of the baby boomer generation. The baby boomer generation is a large population of employed people leaving the work force.
I tend to agree. I wasn't suggesting it was ALL Obama's "fault," just that it is pretty astounding to think about.
Posted on 1/10/14 at 3:50 pm to GumboPot
quote:Maybe. But it seems participation by older folks is one of the few on the rise. A good question would be are they delaying retirement for economic reasons? Donno.
The baby boomer generation is a large population of employed people leaving the work force.
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