re: Forbes Mag - Obama outperforms Reagan on jobs growth and investing

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:| It's been dropping since the mid-90's.

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The oldest Baby Boomers are 68 right now. They started turning 50 in 1996, so that would be about right.

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Ok, let's say it's 2040, and the boomers are all retired and many dead. Suppose we see declining PR's in the 35&unders, and this time with no large retiring cohort to help make room for them. Would you deny that there is a real labor market problem in that case?

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If the regular unemployment is 5% and most of the people who are not participating aren't collecting any welfare, why should I think there is a problem in the labor market? It would seem with low unemployment that there are jobs for most anyone who wants one.

If people aren't working and don't care enough to look for a job, whether they are discouraged or not, should mean that they are doing OK. It's when unemployment hits the teens for people who need and want a job that we should worry.