Where Did America's Jobs Go?Submitted by Michaelwiseguy on Fri, 04/05/2013 - 18:22
People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels
"Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work. The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."
I'm not advertising for the site mentioned in this video, but it was well made. I would like to see many more videos like this explaining why fewer and fewer paychecks are being received in the USA year after year. Until we can forensically analyze and answer this question, things will not improve.
Where did America's jobs go?