Sunday, July 10, 2016

Ignore Unemployment Pundits, Low 'Labor-Force Participation' Is The Goal

By John Tamny, Forbes


Commentary by: Lynn Cheramie, Founder, Freedom Fighters of America

Saying that the reduction in labor force participation is in anyway a good thing assuming that 2 worker households can go to one worker households and make a wage which the entire family can live on is ludicrous.

The National Average Wage as reported by Social Security is as follows:

200638,651.41
200740,405.48
200841,334.97
200940,711.61
201041,673.83
201142,979.61
201244,321.67
201344,888.16
2014
46,481.52

This is an increase of less than $8,000.00 at the same time the labor force participation went from 66% to 62.7%. If we do some basic math there is no way a 2 working person household can go to a 1 person working household and make enough to even pay a babysitter.

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