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JayhawkSD

(3,163 posts)

64. Thank you for educating me.

Reply to PoindexterOglethorpe (Reply #63)

Mon Jan 22, 2018, 01:07 PM

Jan 2018

I never thought about someone not wanting to work, thank you for bringing that to my attention. I've never heard of anyone being disabled, or in school or being a stay at home parent.

Actually, my mother was a stay-at-home parent, but that was seventy years ago, and it has been a long time since one person working could support a working class household. The participation rate has historically been well over 70% for several decades. Economists have been saying since 2000 that the rate is depressed by workers who, "are discouraged and have quit looking for work" and by "unemployed whose benefits have expired and who no longer have an incentive to report that they are seeking employment," so the participation rate tells us quite a lot. Today's economists just don't want to hear it.

As my grandmother used to say, "Don't teach your elders how to suck eggs."

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I keep hearing the economy is booming? [View all] imanamerican63 Jan 2018 OP

the economy IS booming handmade34 Jan 2018 #1

Wealth & income inequality keep growing and rapidly becoming biggest societal problem. . . . . nt Bernardo de La Paz Jan 2018 #4

For most items, as wages go up prices are pushed up. AJT Jan 2018 #2

What are you talking about? Wages up? Gabi Hayes Jan 2018 #6

We are at full employment, which happened at the end of the Obama administration, AJT Jan 2018 #9

Understood, but this boom epitomizes the fallacy of supply side economics Gabi Hayes Jan 2018 #11

It also doesn't take into account that the boomers are retiring AJT Jan 2018 #22

Watch for a new improved scheme to privatize Medicare and SS Gabi Hayes Jan 2018 #23

That's been the evil dream of the GOP since the new deal was enacted. AJT Jan 2018 #24

Smedley Butler! Gabi Hayes Jan 2018 #26

Prices always steadily increase no matter what the wages are True_Blue Jan 2018 #28

Bingo. the greed of the 1% knows no bounds. nt TheFrenchRazor Jan 2018 #52

Stock market is booming, at about Obama's pace. Economy not so much, not as much growth as Obama era Bernardo de La Paz Jan 2018 #3

We were also told that corporate tax cuts & deregulation would bring prices down. nt RandiFan1290 Jan 2018 #5

Hah, Hah, Hah! smirkymonkey Jan 2018 #29

I'm still waiting ...... Ohiogal Jan 2018 #37

It depends where Kilgore Jan 2018 #7

I also see lots of "We're Hiring" signs Ohiogal Jan 2018 #8

Significant regional differences but overall average is heading in positive direction. honest.abe Jan 2018 #10

An increasing economy increases costs. JayhawkSD Jan 2018 #12

It is a general question and not wrong to question how they frame booming! imanamerican63 Jan 2018 #15

Given that almost 40% of the work force is not working... JayhawkSD Jan 2018 #35

I'm not going to get in tit for tat discussion, my point won't make you happy! imanamerican63 Jan 2018 #41

40% of the work force is not working? PoindexterOglethorpe Jan 2018 #56

It's called the "participation rate." JayhawkSD Jan 2018 #62

But most of those are probably not looking for jobs for lots of reasons. PoindexterOglethorpe Jan 2018 #63

Thank you for educating me. JayhawkSD Jan 2018 #64

That discussion/argument PoindexterOglethorpe Jan 2018 #65

Germany's Economy is thriving and so is the standard of living - and their groceries are on average Pachamama Jan 2018 #17

I was in France and Switzerland for 3 weeks this fall GulfCoast66 Jan 2018 #50

Switzerland is notoriously expensive for everyone and everything.... Pachamama Jan 2018 #51

Agree you can not count Switzerland GulfCoast66 Jan 2018 #57

"In Beef and Toilet Paper we kill them..." Pachamama Jan 2018 #60

I know nothing about economics, but I do understand English. logosoco Jan 2018 #13

Hey logosoco Ohiogal Jan 2018 #30

$5.99 for a jar of Best Foods mayonnaise CountAllVotes Jan 2018 #14

I keep seeing the price of food rising and it becoming hard for most people to afford groceries Pachamama Jan 2018 #16

Remember that vile Jason Chaffetz Ohiogal Jan 2018 #31

I haven't had a raise in years and I am finding basic food costs almost prohibitive. smirkymonkey Jan 2018 #32

I hear you Ohiogal Jan 2018 #36

I really wish I could grow my own food. smirkymonkey Jan 2018 #39

I canned 38 qts. Ohiogal Jan 2018 #44

I grew up that way. We always had a big garden and picked berries in the woods. smirkymonkey Jan 2018 #49

To me, Ohiogal Jan 2018 #58

That's a great idea! Good for you! smirkymonkey Jan 2018 #59

been going on for a long time. price of bare essentials goes up much faster than wages. nt TheFrenchRazor Jan 2018 #53

When the price of bare essentials slows down or is at a steady pace with wage increases.... Pachamama Jan 2018 #61

Food prices and national economy aren't as tied together as they were Bradical79 Jan 2018 #18

Does a good economy... RussBLib Jan 2018 #19

That's an excellent point, RussLib Ohiogal Jan 2018 #33

The corporate-level economy is booming. aikoaiko Jan 2018 #20

Thank you Obama. shockey80 Jan 2018 #21

It's booming for the 1%ers workinclasszero Jan 2018 #25

it depends on your perspective. drray23 Jan 2018 #27

Well, gosh! (forehead slap) Ohiogal Jan 2018 #34

I'm wary of gov't numbers now. moondust Jan 2018 #38

In general, if the economy is booming Yupster Jan 2018 #40

I think it has been said. gvstn Jan 2018 #42

Yet Ohiogal Jan 2018 #47

It's booming if you're heavily invested in the stock market and that's about it. Vinca Jan 2018 #43

What about all the layoffs were hearing about too? Proud Liberal Dem Jan 2018 #45

Old GOP Formula: Take an economy made healthy by Democrats; then slash regulations to *juice* it... VOX Jan 2018 #46

Indeed. kentuck Jan 2018 #48

Inequality level is a much better indicator of how good.. mvd Jan 2018 #54

My side hustle is booming crazycatlady Jan 2018 #55