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

To: FJB who wrote (961973)	9/7/2016 1:42:21 PM
From: Wharf Rat	2 Recommendations Recommended By bentway gronieel2 Read Replies (2) \| Respond to of 1575535

"Worse Than the Depression: 1 in 6 Working Age Males Has No Job Under Obama" Better Than the Depression: women now make up 47% of the work force.

To: FJB who wrote (961973)

9/7/2016 2:30:45 PM

From: bentway

Respond to of 1575535

You’re How Old? We’ll Be in Touch

By ASHTON APPLEWHITE
SEPT. 3, 2016
nytimes.com

It might not seem that Hillary Clinton and Donald J. Trump have much in common. But they share something important with each other and with a whole lot of their fellow citizens. Both are job seekers. And at ages 68 and 70, respectively, they’re part of a large group of Americans who are radically upending the concept of retirement.

In 2016, almost 20 percent of Americans 65 and older are working. Some of them want to; many need to. The demise of traditional pensions means that many people have to keep earning in their 60s and 70s to maintain a decent standard of living.

These older people represent a vast well of productive and creative potential. Veteran workers can bring deep knowledge to the table, as well as well-honed interpersonal skills, better judgment than the less experienced and a more balanced perspective. They embody a natural resource that’s increasing: the social capital of millions of healthy, educated adults.

Why, then, are well over a million and a half Americans over 50, people with decades of life ahead of them, unable to find work? The underlying reason isn’t personal, it’s structural. It’s the result of a network of attitudes and institutional practices that we can no longer ignore.

continues at the link

To: FJB who wrote (961973)	9/7/2016 3:22:08 PM
From: J_F_Shepard	1 Recommendation Recommended By bentway Respond to of 1575535

The numbers are in and after seven years of Obamanomics the economic climate in America is “worse than the depression.” ... What was the unemployment rate during the depression compared to today's 4.9%? "A worldwide depression struck countries with market economies at the end of the 1920s. Although the Great Depression was relatively mild in some countries, it was severe in others, particularly in the United States, where, at its nadir in 1933, 25 percent of all workers and 37 percent of all nonfarm workers were completely out of work. Some people starved; many others lost their farms and homes. Homeless vagabonds sneaked aboard the freight trains that crossed the nation. Dispossessed cotton farmers, the “Okies,” stuffed their possessions into dilapidated Model Ts and migrated to California in the false hope that the posters about plentiful jobs were true. Although the U.S. economy began to recover in the second quarter of 1933, the recovery largely stalled for most of 1934 and 1935. A more vigorous recovery commenced in late 1935 and continued into 1937, when a new depression occurred. The American economy had yet to fully recover from the Great Depression when the United States was drawn into World War II in December 1941. Because of this agonizingly slow recovery, the entire decade of the 1930s in the United States is often referred to as the Great Depression.........." econlib.org