Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: locogringo who wrote (871332)	7/8/2015 6:14:25 PM
From: FJB	1 Recommendation Recommended By locogringo Respond to of 1577867

Obonzo's America imploding. It's like our little retard's incompetence has infected every corner of our nation. Ladies and Gentlemen, It's Time to Panic Hamilton Nolan Filed to: BREAKING 7/08/15 12:23pm Have you noticed anything odd going on this morning? Oh yes. Let us be the first to tell you that the time to panic is upon us. ITEM: The New York City subway system suffered an atrocious commute today, with some trains being inexplicably stranded in stations for long periods of time. ITEM: The website “The Dissolve” folded today. ITEM: United Airlines was forced to ground all of its flights after its computer system mysteriously stopped working. ITEM: The New York Stock Exchange suspended trading today after its computerized trading system mysteriously stopped working. ITEM: Immediately after, the Wall Street Journal’s website mysteriously stopped working. ITEM: More than 2,500 people in Washington, DC mysteriously lost power. It seems our nation’s centers of powers are facing a mysterious and spreading collapse. I choose to panic. If you choose to remain calm, good—I’ll get away ahead of you.

To: locogringo who wrote (871332)	7/9/2015 5:51:21 AM
From: FJB	3 Recommendations Recommended By D.Austin locogringo POKERSAM Respond to of 1577867

100 Million Americans Not Working As Workforce Shrinks July 8, 2015 By STEPHEN MOORE INVESTOR'S BUSINESS DAILY Is America hard at work? Or hardly working? I ask this because 430,000 Americans of working age (16 and older) dropped out of the workforce in June. <span style="font-size:1.3em;"> Over the last year, only 1.3 million of working age have entered the workforce, even as the population of this same demographic increased by more than 2.8 million. Just over 1 million members of this group found jobs. That's right — of the new additions to the working age population, less than four in 10 found jobs. </span> The newspapers touted the reduction in the unemployment rate to 5.3% as a cause for celebration. Yet for every three Americans added to the working age population (16 and older), only around one new job (1.07) has been created under Obama. At this pace, America will soon officially have a zero unemployment rate — but only be because no one will be looking for work. Here's the story the media didn't report: More than 100 million Americans over 16 are not working. Usually when the economy picks up, workers who have been laid off stampede back into the workforce to earn a paycheck. Now we have a better job market with fewer workers. This is partially explained by baby boomers retiring. But the largest reduction in the workforce has been among the millennials. Today the labor force participation rate for the 16 to 24 age group is 55.1%, down from 60.8% a decade ago and more than 66% back in the late 1990s. We're headed toward becoming Greece, where half the young people don't work. No one knows for sure why the labor force has shrunk so much under Obama. But it's a good bet policy mistakes have played a big role. Minimum wage increases are pricing the young out of the workforce. Welfare programs are effectively paying people not to work. Too many have high school and even college degrees that are next to worthless to employers. Jeb Bush, Chris Christie, Rand Paul and other Republicans say that America could and should strive for 4% growth — vs. the pitiful 2% of the last six years. But this will require a growing workforce. We need at least 10 million more Americans working to get growth up to 4% — which happened under Presidents Reagan and Clinton. And to get there we need national policies that reward work and discourage idleness. Which brings us to the paradox of the American economy. We have 10% of the workforce unemployed, in part-time work or dropped out of the workforce at a time when businesses say they can't find willing workers. Wages were flat last month — so higher pay isn't going to induce a stream of workers into jobs. Some say the problem is that we are such a rich nation that Americans value leisure more than work. I doubt that's the problem. If the great American work ethic is gone, it's only because anti-work government policies have stolen it.