3 votes

Bloomberg - Work Force Rate: 63.2%, Lowest Since 1978 (Video)

BLOOMBERG - Work Force Rate: 63.2%, Lowest Since 1978 (VIDEO)

Read more: http://www.bloomberg.com/news/2013-09-06/payrolls-in-u-s-ros...



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

The problem is that real

The problem is that real wages have not gone up, so while I agree that the number might look good, without the real income increases to make up for inflation then it is not a good number after all.

fireant's picture

Painful as it is, a positive sign IMHO.

Note work force participation exploded at the same time as "women's lib" took hold, flooding the work force with a massive new demographic. Economically, this backfired, and it has become necessary for one spouse to work just to pay taxes; nothing gained, nurturing of the children lost, and exponential growth of government the end result.
I see this statistic as a re-balancing back to the mean where a one income household can again pay enough to live in comfort.

Undo what Wilson did