The employment-population ratio peaked in 1Q2000 at 64.6%. There were 136.6 million employed to population of 211.6 million.
In 1Q2018 the ratio is still only 60.3% (154.9 million working to 256.9 million population), and there's President Donald Trump saying "Too many jobs in China lost".
We easily could be working at the level of 64.6%, but we aren't, mostly because greedy American businesses don't want to pay Americans higher wages when they can get cheaper labor abroad. THEY'RE NOT VERY PATRIOTIC. And the politicians keep arranging things that way in exchange for campaign contributions. There's your SWAMP, right there. It's a lot bigger than just Washington DC. The whole damn country is organized against us.
At 64.6%, we could have 11 million more jobs in 1Q2018 than we actually do.
At 64.6%, we could have 11 million more jobs in 1Q2018 than we actually do.
Trump led us to believe he was our champion and was going to fix this, but now he's worried about Chinese jobs! What a fool! And you're a fool if you still think he's on your side.
