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3.8 million of 3.3 million jobs created since 2009 went to people aged 55+


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#31 Davidson Deac II

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Posted 04 January 2013 - 11:58 AM

This is partially due to baby boomers and longer lifespan due to better medical care.

My stepfather retired from factory work at age 62. He is turning 80 this week, and still has two jobs, that each work him about 15 hours a week. His kids are all grown, and he would never do something like play golf. He works because he enjoys working, and would probably die soon if he stopped working.

#32 thefuzz

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Posted 04 January 2013 - 12:01 PM

Not to mention that this 25-34 jobs bust is causing a baby bust.

Which in turn is exacerbating the problem and will continue to for years to come.

1. Tell pops to retire
2. Go knock someone up
3.
4. Profit



If you think this is an issue....wait until the poo hits the fan with Social Security, Medicare, and Medicaid. It's going to get extremely ugly.

When this glut of baby boomers retire, and start cashing in on SS, and the 25-35 year olds aren't making enough in wages to offset this....oh boy.

But...let's keep on kicking that can down the street...keep borrowing money...keep stealing from our children to pay for yesterdays deeds.

This country is heading straight for a Greece type awakening.

#33 Delhommey

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Posted 04 January 2013 - 12:25 PM

Here's an idea: Focus on increased productivity rather than increased population.

#34 Happy Panther

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Posted 04 January 2013 - 12:28 PM

When you look at the actual rates by age it doesn't seem so bad. In fact the age group 25-34 has dropped from 9.3 to 7.7 over the past 12 months. While 55+ has barely moved.

That contradicts the data in the original post.

http://www.bls.gov/w...it/cpseea10.htm

#35 Delhommey

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Posted 04 January 2013 - 01:16 PM

Also comparing the US Economy to Greece is about as intelligent as comparing it to 1930'sI Germany.

#36 Kurb

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Posted 04 January 2013 - 01:23 PM

Also comparing the US Economy to Greece is about as intelligent as comparing it to 1930'sI Germany.


Or Firearms in Europe vs America.



/slides back out of thread.

#37 thefuzz

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Posted 04 January 2013 - 01:27 PM

Also comparing the US Economy to Greece is about as intelligent as comparing it to 1930'sI Germany.



With our unfunded liabilities do you think that without massive spending cuts, and massive tax increases that we will not see the lowering of our credit rating, and increased debt?

To the point where the checks stop going out?

To the point where those that are "owed" these monies won't revolt?

Hey, if so I am all ears, but I doubt we will be able to do it.

#38 Jase

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Posted 04 January 2013 - 01:35 PM

When you look at the actual rates by age it doesn't seem so bad. In fact the age group 25-34 has dropped from 9.3 to 7.7 over the past 12 months. While 55+ has barely moved.

That contradicts the data in the original post.

http://www.bls.gov/w...it/cpseea10.htm


The rates shown above don't reflect a consistent numerator/denominator, you should know this.

Raw data (actual # of jobs gained/lost) is found here.

Age group 25-54 http://research.stlo...LNS12000060.txt
Age group 55+ http://research.stlo...LNS12024230.txt

55+ group has gained 196,000 jobs the last 2 months since the OP
25-54 group has lost 75,000 jobs the last 2 months since the OP

#39 Delhommey

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Posted 04 January 2013 - 01:39 PM

Or Firearms in Europe vs America.



/slides back out of thread.


As gun fanatics have taught me, Russia and Eastern Europe are the only true comparable lands.

Canada, Australia, Japan, New Zealand and all of Western Europe have nothing in common. Switzerland used too, but then they started restricting guns, so they don't count anymore either.

#40 Happy Panther

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Posted 04 January 2013 - 01:49 PM

The rates shown above don't reflect a consistent numerator/denominator, you should know this.

Raw data (actual # of jobs gained/lost) is found here.

Age group 25-54 http://research.stlo...LNS12000060.txt
Age group 55+ http://research.stlo...LNS12024230.txt

55+ group has gained 196,000 jobs the last 2 months since the OP
25-54 group has lost 75,000 jobs the last 2 months since the OP


I understand that. i would also guess the 55+ age group is growing at the fastest rate of all age groups.

#41 Jase

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Posted 04 January 2013 - 02:00 PM

I understand that. i would also guess the 55+ age group is growing at the fastest rate of all age groups.


Not as much as you may think. People are turning 55 at about 1.5% faster pace annually than they're turning 25.

kids of baby boomers = baby boomlet

http://factfinder2.c...&prodType=table

#42 thefuzz

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Posted 04 January 2013 - 02:13 PM

With our unfunded liabilities do you think that without massive spending cuts, and massive tax increases that we will not see the lowering of our credit rating, and increased debt?

To the point where the checks stop going out?

To the point where those that are "owed" these monies won't revolt?

Hey, if so I am all ears, but I doubt we will be able to do it.



Nothing...no normal discussion?

#43 Delhommey

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Posted 04 January 2013 - 02:25 PM

Nothing...no normal discussion?


Why? So you can compare economies to your personal checking account?

#44 stirs

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Posted 04 January 2013 - 02:25 PM

Okay, charts be damned (for stat guy Delhommey).

Older folks are used to working and will look for work and never have expected to be taken care of until it is necessary.

Younger, more progressive folks, think a bit differently. Living at home with the folks and drawing is probably okay as long as the toys can be paid for. Toys being Apple stuff, car stuff, stereo stuff, $100 guido jeans, and such.

They won't find out that the goose that laid the golden egg is dead, until it is too late. Our education system has done exactly what it intended over the last 40 years. Been working today(in fifties) and now going back for awhile. Won't be keeping you cool guys up forever though.

#45 thefuzz

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Posted 04 January 2013 - 02:27 PM

Why? So you can compare economies to your personal checking account?



Your little quips are quite hilarious.

Try again at answering or at least commenting on what I posted.


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