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Wednesday, October 07, 2015

What Happens To Our Economy As Millions Of People Lose The Habits Of Hard Work?

http://charleshughsmith.blogspot.com/2015/10/what-happens-to-our-economy-as-millions.html

If we're going to dig our way out of what lies ahead, we need people who can work hard and start/operate new businesses.
Simply put, job growth is not keeping pace with population growth--specifically, the growth of the labor force which is generally defined as the population between the ages of 18 and 64.
So what happens to the economy as millions of people never acquire the habits of hard work or lose them due to chronic joblessness?
Yesterday I presented data on not in the labor force, which is defined as "persons aged 16 years and older in the civilian noninstitutional population who are neither employed nor unemployed."
The federal government reckons about 95 million people are not in the labor force. But this doesn't necessarily tell us whether the people could take a job or not.

Work? why work EBT is free ..so says the lazy and shiftless. Screw hard work. I want my Obamaphone, Obamasnap, Obamastudent loan, Obamamortgage, Obamacarloan, Obamacare, and anything else Obama is going to "give"me.


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