Parky60 wrote:
Milquetoast has been taking victory laps concerning August’s jobs reports. I heard that something’s fishy so I did a little investigation of my own using data directly from the BLS and it appears that the BLS is cooking the books.
I went back to Sep-22 to compare the difference between the final adjustment made to the jobs report for that month compared to the original report and found some interesting “stuff”.
From Sep-22 to the end of last year nothing looked out of the ordinary with the differences for each month being fairly close and the final number being higher than the original report.
HOWEVER, since Jan-23, the final number has been significantly less than the original report with June’s final report being 50 percent less than the original.
What does this mean? I’ll let you be the judge of that.
Milquetoast has been taking victory laps concernin... (
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Over 71 million Americans receive SSA benefits each (latest numbers July 2023)
And there are over 72 million children that aren't supposed to work full time.
Let's say 143 million US citizens aren't working full time
Current working population of US: 158 million
I have many friends that have retired that are younger than me, like 5 years or more younger...that retired. I've asked everyone of them: "Do you think you will go back to work?, Answer: No!"
I had the opportunity to retire about 3 years ago, but my wife is my only wedge between retirement and working. I am not burn out yet, but I'm getting there. The reality is for me and many of my friends is that: none inherited our "wealth". We worked for it, but given the choice to come in to a workplace every day and bang my head against the wall is growing wearysome. I'm a long way from SSA benefits, but I can retire, my wife will need to keep working, but I can retire. I will eventually get a pension and probably get an offer of a buy-out. But my house is paid off, I've got a car payment, and we're paying for schooling....but yeah we could get by. Even my financial planner agrees.
We have never lived from paycheck to paycheck, and those I know who do, do work, sometimes 2 jobs. But that's because they were foolish in their youth instead of gaining wisdom from their friends and how others have done it.
Anyhow, I do believe the numbers. There are many people who can't anymore for health or psychological reasons. They will get by. The numbers are meaningless. They will always change.
What matters is what we are allowing the government to start doing. If corporations don't want to negotiate with unions, as if, low pay and horrible benefits are Christian thing to do, then we all need to strike. Blaming me for causing inflation as a spender for food, housing, whatever is crazy. Non value added work shouldn't be rewarded-it is time to put wages into the hands of people who have families so that they can pay their way. It doesn't matter what McDonald's doesn't want to pay people. They act as if the cost of materials going up is my fault. Let shit businesses go out of business. My time is valuable, just because it isn't valuable to you (the employer) doesn't mean I have to accept that.