The current mathematical fact is this: nearly half of all Americans, an inconceivable 46.1% over the age of 16, are non-participants in the Civilian Labor Force (CLF), today.
Like every jot and tittle on this blog, don't believe me, look it up for yourself. Here's what you'll find:
What does all this mean? It means that due to the exponential efficiency of information technologies and the globalization of business, the U.S. Civilian Labor Force Participation Rate has been on a rapid downhill slide for at least the past decade, resting now at 64.2%. We are a civilization far closer to a technological singularity than a return to anything even remotely resembling full employment. Pick your favorite comforting fiction, the facts remain.
Roughly half of all Americans, 46.1% over the age of 16 are jobless, non-participants in the Civilian Labor Force, today.
So, by all means, let's keep fixating on the fiction of jobs, jobs, jobs and the make believe "unemployment rate" that has increasingly nothing to do with the real lives of growing numbers of Americans living in RV's, campers, cars, and tent cities across the United States. Put another way, if this isn't the end of the Job Trance, the clarion call to all out War On Poverty, and the wake up call to an absolute National Economic Emergency, then I surely don't know what is.