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34% of all Americans financially support the rest of the country

Scorpio

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34% of all Americans financially support the rest of the country – 112 million private sector workers support 211 million people.

The latest employment report was lackluster. The math on the employment numbers has concealed a deeper problem in the economy. Many Americans are struggling and the middle class continues to lose ground. The most startling figure coming out was that 562,000 people dropped out of the labor force. While there is a bit more information on those “not in the labor force” the press is still largely quite on this issue. You can frame the topic in a more poignant way by saying that 34 percent of all Americans financially support the rest of the country. With an aging population and record levels of debt, this might be a problem.


1 out of 3 Americans supporting the rest

The reality is that 1 out of 3 Americans is supporting the rest of the country. We are talking about the private labor force since government work is supported by this group as well. We have over 94 million Americans not in the labor force. Another 16 million Americans are unemployed but looking for work.

The numbers make more sense when you look at a chart:



Source: Jobenomics, BLS

It might be worth breaking down the categories:

112 million in the private sector labor force – this is largely the 1 out of 3 supporting the rest of the country

32 million government workers – this is supported from funding coming from tax revenues

94 million not in the labor force – these are people that can work but are not looking

70 million cannot work – this is mostly children

16 million unemployed – looking for work and unable to find a job

This should give you a good sense as to how the economy is doing. The not in the labor force category is really worth exploring further. We have many older Americans hitting retirement age but completely unready to face the financial burden of retiring. The assumption is that once you hit 65 you have all the money in the world to get by. The reality is starkly different in that most older Americans are one Social Security payment away from being homeless on the street and starving.

Last month those not in the labor force increased by 562,000:



This is a big issue here.

Going back to the private labor force, it should be noted that roughly 40 percent of the labor force is part of the contingent labor force. Many of these people are part of the new low wage America where benefits are little to nonexistent. This is also another reason why new home sales or building is simply not picking up. Why would you commit to a 30 year mortgage when you are drifting from project to project?

So what we have is fewer workers supporting a growing number of people not generating income. And the expenses of our country only continue to go up. Basic math will tell you that something is going to give at some point.

http://www.mybudget360.com/1-out-of...ctor-support-the-rest-of-country-financially/
 

GOLDZILLA

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#2
Imagine if this group were to go on strike were say hillary to win....
 

Rollie Free

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I've probably shared this on here before but once I was in my backyard raking leaves and I stopped to rest and looked around.
On one side is Mel. He has been retired for some time now. On the other side was Smoky. She didn't have any visible means of support but seemed to do ok. She had an adult boy living with her who didn't keep a steady job. Next to them were an old retired farm couple. Next to them was Gary. He 'retired' to disability. He sits in his man cave-esque garage and drinks beer all day. Sometimes take his camper out for fishing trips.

Realized I am holding up the whole damn works. So I got back to work.
 

nickndfl

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I am a small business owner and we get screwed with taxes not even including Obamacare. I know for a fact we are supporting several deadbeats and lazy drug addicts.
 
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JayDubya

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Hey guys, I gotta ask. Is it just me? Or does it seems like there's more people IN the wagon than there are, those of us, PULLING the wagon?
 

TRYNEIN

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Rollie Free

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I own a small business owner and we get screwed with taxes not even including Obamacare. I know for a fact we are supporting several deadbeats and lazy drug addicts.
It's a terrible unfairness. A machete into the gut of the American dream.
 

Ensoniq

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I know I'm in the group that's working and getting scalded in taxes but I like what I do
 

Rusty Shackelford

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Pulling out all government work is kind of being disingenuous to make a point. While I would admit that there is some wasted positions in government most definitely, it is not as if the service provided by many government entities can just be ended. If they ended, they would be picked up by private sector and magically be counted as supporting the 66 just because they have private sector in front of it instead of .gov despite doing the exact some thing.
 

latemetal

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#12
I know, we need more Mexicans and H-1B and H-2B workers, to put more Americans out of work...that will fix everything.
 

the_shootist

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I know, we need more Mexicans and H-1B and H-2B workers, to put more Americans out of work...that will fix everything.
Be prepared to be self sustaining whitey. The government ain't givin' us sheeeet!
 

mtnman

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#14
TRUMP 2016
 

Joe King

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1 out of 3 Americans supporting the rest
While I do "get" the point of the article, I'd think a more accurate description would be that it takes 1 in 3 to service the debt that is used to support the 2 in 3.

If the 1 in 3 were paying directly to support the full and total cost of the 2 in 3, the system would have long ago collapsed.

Which is why it's so critical the credit markets keep working. Without 'em, we're F'ed. At least with the balance of accounts as they currently stand.
 

Treasure Searcher

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#16
On my recent travels, I stopped at a Walmart. Only two cashiers and long lines at the checkout (Stallmart at its finest). The customer ahead of me asked the cashier (who had a rag on her head), why they did not hire more cashiers? It seems that Walmart drug tests applicants. Since so many people want to use illegal drugs, they make themselves unemployable.

Another disturbing observation I found, is that city has a university, a nearby city with a university and a two year college. Why won't these university and college students apply to work there? The hiring poster in the store is offering $11.00 an hour starting pay? University and college students are complaining that they cannot afford tuition, but an opportunity to work is right here? Most chains will work with high school and college students who want to work evenings and weekends. I doubt this particular Walmart would turn away good help. There are three Walmarts in that area and how many thousands and thousands of eligible university and college students that can work.

The younger generation is being brought up, to act as "victims". They want everything for nothing. The FSA is growing by the day.
 

edsl48

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#17
On my recent travels, I stopped at a Walmart. Only two cashiers and long lines at the checkout (Stallmart at its finest). The customer ahead of me asked the cashier (who had a rag on her head), why they did not hire more cashiers? It seems that Walmart drug tests applicants. Since so many people want to use illegal drugs, they make themselves unemployable.

Another disturbing observation I found, is that city has a university, a nearby city with a university and a two year college. Why won't these university and college students apply to work there? The hiring poster in the store is offering $11.00 an hour starting pay? University and college students are complaining that they cannot afford tuition, but an opportunity to work is right here? Most chains will work with high school and college students who want to work evenings and weekends. I doubt this particular Walmart would turn away good help. There are three Walmarts in that area and how many thousands and thousands of eligible university and college students that can work.

The younger generation is being brought up, to act as "victims". They want everything for nothing. The FSA is growing by the day.
You should have preceded your post that it might be offensive to some. If one of those snowflakes even hears they might have to take a job they will probably have an attack and have to run home crying to mommy.
 

Joe King

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#18
On my recent travels, I stopped at a Walmart. Only two cashiers and long lines at the checkout
That is one of my biggest pet peeves....stores/restaurants that never run enough cash registers.....and it's not just Wally World, but everywhere. Look around next time you are out. If there's more than one cash register, odds are they'll never all be run at the same time, no matter how busy it is.
It seems to me that corporate America could save millions by just buying a third as many registers.


The other day I stopped by a store just to quickly grab a couple things. When I went to check out, every line had at least 6 people waiting with carts full o' crap. So I go over to one of workers who appeared to just be standing around and asked him if he could open another line. He said sorry, boss won't let him do that right now. So I proceeded to hand him all the stuff I was going to buy and said, "if your boss can't pay you ring me up, he can pay you to go put this stuff back"....as I turned to leave.
IMO, everyone needs to start doing that.


As for the college students not applying at Wally World, who do you think is doin' the drugs and wanting to party half the night?
...and as long as their stuff is funded, why work? They're living on gov secured credit, remember? Paying for it is tomorrows problem. lol
 

latemetal

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Wallyworlds in my area have self-checkouts, to make you use them, they under staff the stores. If I go to Wallys, I go off hours to cut wait times.
 

Joe King

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#20
Wallyworlds in my area have self-checkouts, to make you use them, they under staff the stores. If I go to Wallys, I go off hours to cut wait times.
The problem with their self checkouts is that there might be one, (2 if you're lucky) that actually take cash. Most I've seen at Wally World are CC/DC only.
...and they typically don't run them late at night.
 

edsl48

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#21
Some years ago our local Walmart was opened by Sam himself. There was a sign by the registers that read, "You're always next in line at WAlmart" and in most cases you were. Sam died and so did that theory of management. Now it's usually 5 to 6 ahead of me because if the lines are short, the cashiers are sent to stock shelves.
 

southfork

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#22
Well the labor particapation rate is lower and lower, soon it will be under 30% supporting the rest, and the MSM and the lying politicians brag about this being a recovery?? And Clinton praises obama and wants to continue his agenda, then you half almost half of the dems supporting socialist sanders and his freeshit.com policies, I hate to be the bearer of bad news but the shit is hitting the fan.
 

the_shootist

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Well the labor particapation rate is lower and lower, soon it will be under 30% supporting the rest, and the MSM and the lying politicians brag about this being a recovery?? And Clinton praises obama and wants to continue his agenda, then you half almost half of the dems supporting socialist sanders and his freeshit.com policies, I hate to be the bearer of bad news but the shit is hitting the fan.
Prepare...that's all you can do
 

maxrider

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#24
Eventually it'll be 10-20% of all americans support America... Why not? What are people going to do in 50 years when nearly every job is replaced by A.I.
A.I is coming to take your jobs... I would recommend supporting "spreading" the wealth
Technology could be a blessing to allow people to work less, but greedy F*CKS will take all the earnings and let more people out dry.
We should be taxing the rich even more....I'm so sick of my friends saying its BS because they earned their money and people on welfare don't work hard... THATS BS...
https://www.entrepreneur.com/article/271398
http://www.theverge.com/2016/3/15/11213518/alphago-deepmind-go-match-5-result
http://www.futuristspeaker.com/business-trends/2-billion-jobs-to-disappear-by-2030/
 

Joe King

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#25
We should be taxing the rich even more....
Ok. You can have more of my "money"....as long as I get to live in your house on Mondays, Wednesdays and Fridays. I'd like to be able to drive your car on Tuesdays and Saturdays, too.

If we have to share all the "money" why not share everything else that money has bought, too?


Taking peoples "money" just because they might have more than the next guy is a recipe for making those that create lots of wealth to just quit making anything more than what they and their family needs. Then where's your free "money"?

The top ten percent earn less than 50% of all income while paying almost 70% of all income taxes.
How is that, in any way, fair?
....and you want more? Get real!
Taxes.jpg



Instead of wanting to screw the so-called rich a little more, just because they have two nickels more than you, try getting mad at your gov Representatives who've lied cheated and lined their own pockets first instead of putting the Peoples needs first.
In other words, get them to quit wasting the "money" they already get and they'd have more than enough to go around.
...but it's easier to ignore that and throw support behind a sound bite of "tax the rich" during the commercials of American Idol.

Be careful what you wish for, because the so-called "rich" might just quit showing up for your free lunch.

 

maxrider

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#26
Nice mind set... It's my money F everyone else. Bravo sir.

To bad the rich will only get taxed more... but good luck. (BTW Im in the top 2-3% Earners, so spare me )


If a truck drive loses his job to an A.I. .... What's he suppose to do? People like you would shame him for being lazy and not getting another job...
 

mtnman

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#27
Nice mind set... It's my money F everyone else. Bravo sir.

To bad the rich will only get taxed more... but good luck. (BTW Im in the top 2-3% Earners, so spare me )


If a truck drive loses his job to an A.I. .... What's he suppose to do? People like you would shame him for being lazy and not getting another job...
Top 2-3%? I call BS. You sir are a socialist thru and thru.
 

maxrider

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#28
Socialist? Nah... But I find pride in helping my fellow man...
Call BS? I don't care...
 
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maxrider

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Answer this... Say your a shipyard machinist and your company implemented a new robotics that will effectively terminate your position. Take this same principle and apply it to thousands of different occupations.... Now each of those employers get a nice bonus for implementing this new technology. These now newly jobless people are left out to dry. ( heres the catch your in that group )
What are your solutions to this future problem?
Can we create a future were robotics do all the work and we get the benefits or do they have a future were most of humanity rots and only a few % thrive.
I would imagine in 100 years most careers will be obsolete.
 

Ensoniq

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Nice mind set... It's my money F everyone else. Bravo sir.

To bad the rich will only get taxed more... but good luck. (BTW Im in the top 2-3% Earners, so spare me )


If a truck drive loses his job to an A.I. .... What's he suppose to do? People like you would shame him for being lazy and not getting another job...
You don't make any distinction between voluntary charity and forced confiscation

Do you believe in private property? If so what gives you the right to decide how another spends his property?
 
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maxrider

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I'm trying to think of possible future solutions were huge numbers of the population are jobless due to technology.

But by the time this actually happens we could have a completely new economics system based on entirely different rules.
 
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TRYNEIN

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#32
I'm trying to think of possible future solutions were huge numbers of the population are jobless due to technology.

But by the time this actually happens we could have a completely new economics system based on entirely different rules.

Not to worry, those socialist bastards will have killed off 90% of the population by then anyways.




THE MESSAGE OF THE GEORGIA GUIDESTONES
1. Maintain humanity under 500,000,000 in perpetual balance with nature.
2. Guide reproduction wisely - improving fitness and diversity.
3. Unite humanity with a living new language.
4. Rule passion - faith - tradition - and all things with tempered reason.
5. Protect people and nations with fair laws and just courts.
6. Let all nations rule internally resolving external disputes in a world court.
7. Avoid petty laws and useless officials.
8. Balance personal rights with social duties.
9. Prize truth - beauty - love - seeking harmony with the infinite.
10. Be not a cancer on the earth - Leave room for nature - Leave room for nature.

http://www.rense.com/general16/georgiaguidestones.htm
 

Unca Walt

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#33
I'm trying to think of possible future solutions were huge numbers of the population are jobless due to technology.

But by the time this actually happens we could have a completely new economics system based on entirely different rules.
The Luddites said exactly the same thing. It wuz 1811 or so (IIRC), and Lo! Sumbody invented a spinning machine. EVAHBODDY GONE BE OUTA WOIK. Oh, no!

So the Luddites went around destroying the machinery of cotton and woollen mills all over England.

Linotype operators... every one of them... are out of work. When I was a teenager, Linotype operators were the highest paid in the guild.

But... but... BEFORE Linotype operators came to "power", typesetters using California Job Cases put type into holders... THEY LOST THEIR JOBS TO THE LINOTYPE OPERATORS.

It goes on. I useta be pretty good at adjusting the valves and timing on V-8 motors... I doan think they even have valves and timing anymore...
 

maxrider

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#34
The Luddites said exactly the same thing. It wuz 1811 or so (IIRC), and Lo! Sumbody invented a spinning machine. EVAHBODDY GONE BE OUTA WOIK. Oh, no!

So the Luddites went around destroying the machinery of cotton and woollen mills all over England.

Linotype operators... every one of them... are out of work. When I was a teenager, Linotype operators were the highest paid in the guild.

But... but... BEFORE Linotype operators came to "power", typesetters using California Job Cases put type into holders... THEY LOST THEIR JOBS TO THE LINOTYPE OPERATORS.

It goes on. I useta be pretty good at adjusting the valves and timing on V-8 motors... I doan think they even have valves and timing anymore...
Only a slight difference between inventing one machine..
We have created millions of more jobs than in 1811. The problem is a robot can do each of those jobs better than any human (within 100 years)

We are only in the infancy of robotics.
 

maxrider

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#35
Although I believe robotics will really never fully blossom and the technology will just constantly get pushed down; due to the fact that could basically wipe out humans due the fact they will serve no purpose anymore.
"
Stephen Hawking warns artificial intelligence could end mankind"
 

Joe King

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#36
Nice mind set... It's my money F everyone else. Bravo sir.

To bad the rich will only get taxed more... but good luck.
How is paying 70% of the taxes, "F everyone else"? Should it 75%? 80% 90? What percentage of all taxes paid, is enough for the gimme-free-sh!t army?
...and the thing you're forgetting is that in the end, everyone is going to pay more. They use the "screw the rich" rallying call as cover to screw everyone.

(BTW Im in the top 2-3% Earners, so spare me )
Congratulations! Then nothing is keeping you from paying as much as you want. Add some extra on your tax form as a donation. Nothing is stopping you. However, you want to use force to make everyone else do what you want to do. IMHO, that's the REAL "F everyone else", attitude. You can't just pay your own money, want to make others conform to your ideas.
...and at the point of a government gun, no less.

Or if you prefer, here's a link where you can donate as much as you want. Since you think it's the right thing to do, put your $ where your mouth is. https://www.pay.gov/public/form/start/23779454/ <---- click and pay all you want.


If a truck drive loses his job to an A.I. .... What's he suppose to do? People like you would shame him for being lazy and not getting another job...
Whens the last time you talked to a buggy whip maker? Same thing happened to their jobs, but by your "logic" we'd tax ourselves to keep the poor helpless buggy whip makers employed because they're just too stupid to learn anything else. We don't really need buggy whips, but you know, people need to have jobs.
....that's pretty much what you're saying...that those people are too stupid to learn to do anything else, so we gotta make sure we pay to keep them doing something that becomes less and less productive over the course of time because we all know, once you start doing a particular job you suddenly gain the Right to do that same job forever. No matter what the economy may dictate, damnit! (in case ya didn't notice, that was sarcasm)

Do you realize how screwed up that way of thinking is? We'd never advance like that. Those people need to be put to work doing the most productive thing possible. Not paid to do things that don't need to be done.
Sorry to be the one to break it to you, but technology advances. Easier ways are found to do things that previously were labor intensive. Get over it.
It's what happens and has been happening since the dawn of the industrial revolution. Why do want to stop it now?
People will find something to do. They always have so far. Buggy whip makers went on to do other things just like all the thousands of telephone operators we used to have.

I see great potential in people of all walks of life. All of our innovation and new tech that previously didn't exist was born of someones potential that came to fruition. The biggest problem is gov red tape that puts stumbling blocks in the way of that potential. Then we all lose out.


Also, the "money" you propose to steal from people might have otherwise been used to employ people who without said job might resort to public assistance. Ever think of that?
...and like I said, are you willing to share your home with those that have less than you do? There's always someone who has less than someone else and if we resort to forced sharing, where's it end?
 
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#37
It is easy to be charitable with other people's money.
 

Joe King

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#38
I'm trying to think of possible future solutions were huge numbers of the population are jobless due to technology.
If we ever get to the point where all human potential can be filled by a machine, we will have entered a new paradigm and society will adjust in ways that we can't begin to imagine. So why try? You'll just end up envisioning some future World that ends up never being...just like all the vids made in the past about what life will be like at some point in the future that never came close to the actual future. Or waaaay over shot it. (anyone get their jetpack yet?) lol


But by the time this actually happens we could have a completely new economics system based on entirely different rules.
Of course we will, and prolly long before that.

Have a bit of faith in human ingenuity. It's virtually limitless in scope if given a chance to grow.
 

madhu

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#40
We are assuming the 34% is doing all good productive work and they are the result of a free market based do-gooders. And this one third is supporting the rest of the two thirds. But what if there was no corporate welfare, do u think that this 34% would exist?
what if you remove all govt subsidies, will that 34 percent still be lucky to have a job?