Five years into Obama’s presidency,
the United States looks very different than it did in years past.
Over 10.2 million American men
between the ages of 25-54 — about seventeen percent of that age group — are not currently working. Two thirds
of them have given up on looking for work altogether. As a comparison, in the
early 1970s, only seven percent from the same age group was not working.
Of course, the economy has evolved
enormously over the last 40 years. Continued globalization along with
rapid automation of the industrial sector to compete with international labor
costs, have removed many “low-skill” jobs from the economy entirely.
But this problem has been
exacerbated by the Obama Administration’s penchant for choosing blue collar job
destroying regulations over the needs of these middle class workers.
In failing to see that businesses
need room to grow, funds to spend, and a stable marketplace in order to take
risks like hiring and training labor, the Obama Administration is effectively
driving middle aged blue collar male workers out of the workforce.
As a practical example, the
Environmental Protection Agency has been issuing egregious carbon regulations
onto employers that, alone, are estimated to cost the economy at least 224,000 jobs, and this does not even include Obama’s new climate change
regulations that are projected to cost the private sector $50 billion a year.
Those 224,000 jobs alone would
generate $625 million in incomes for workers if they paid an average of $50,000
a year.
When added to the decision to delay
building the Keystone XL pipeline with its projected 20,000 new construction
jobs, along with countless other more obscure decisions to use regulations to
kill jobs, it is not at all surprising that seventeen percent of men in prime
working years are either unemployed or out of the workforce entirely.
The American unemployment problem
does not stem from a hyperactive, super-productive economy that’s simply left
these 10 million men, in the sweet spot of their productive lives, without a
job. The problems stem from Obama’s systemic attack on blue collar jobs that
have resulted in a shrinking economy.
Last quarter the nation’s GDP shrunk
by one percent. The very nature of that shrinkage renders less demand for
business to employ workers, stagnating wages and preventing new employment.
Males aged 25-54 have traditionally
been the backbone of a thriving U.S. economy, and their historically high
failure to participate in today’s economy should be a canary in the mine shaft
for all those who care about our nation’s future well-being. And unfortunately,
at the end of the week, the May jobs report will most likely show that the vast
majority of these 10.2 million men aged 25-54 will add another blank month onto
their resumes.
There are millions of able-bodied
men quite literally waiting for an economy that offers them a chance to prosper
and achieve more than the last generation. If Barack Obama and his bureaucratic
subordinates wanted to restore their hope, they would get out of the way of the
American economy rather than doubling down with even more harsh regulations
designed to destroy middle class jobs and opportunity.
Tom Toth is the social media
director for Americans for Limited Government
http://netrightdaily.com/2014/06/help-wanted-one-six-men-aged-25-54-working/?utm_source=WhatCounts+Publicaster+Edition&utm_medium=email&utm_campaign=Help+Wanted%3a+One+in+six+men+aged+25-54+not+working&utm_content=Help+Wanted%3a+One+in+six+men+aged+25-54+not+working%0d+Read more at NetRightDaily.com: http://netrightdaily.com/2014/06/help-wanted-one-six-men-aged-25-54-working/#ixzz33gfJGiYJ
Comments
The
work participation rate for working age Americans is 62.5%. That means 37.5% of working age Americans are
not employed, that’s up in 2014 from 90 million to 92 million.
The
number of working age Americans who are working is 145 million. They are supporting our 320 million
population.
http://www.bls.gov/news.release/empsit.t01.htm
The media plays this down with announcements
of jobs in the 100 thousand range each month, but the shortfall is 5 million
jobs since 2004 when the participation rate was 66%.
Also since then, we have immigrated 2 million
a year and that 20 million build-up of new immigrants have either soaked up the
jobs, or gone on welfare.
We would need almost stop all immigration for
several years to enable the 92 million unemployed to land the jobs they
need. We are allowing our government to
commit economic suicide.
Norb Leahy, Dunwoody GA Tea Party Leader
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