Joe Biden gets unemployment rate down by forcing retirees back into the work force!

[Winston]

Soaring inflation driving retired employees back to the workforce

Inflation rose 8.5% in July, remains near its highest level in 4 decades!

Retirement, even without growing concerns over a potential recession, has provoked feelings of stress and anxiety within people who have spent decades building up a career or running a business, according to an industry expert.

"Any type of change that you make can be perceived as a loss because you're giving up something to go to something else," Michael Liersch, the head of wealth and investment management advice and planning at Wells Fargo, told FOX Business.

Retirement isn't sitting on Adirondack chairs and gazing at the sun, Liersch said. Instead, it's a drastic shift from a familiar lifestyle that gives you a lot of social and cognitive benefits in terms of the challenges that you confront, he added.

You also have to adjust to a life where you no longer rely on employer benefits.


https://www.foxbusiness.com/lifestyl...back-workforce

Joe Biden is a curse to all retirees and working class families!-OG

Retirees reentering the workforce would cause unemployment to increase, not decrease. DU HUH.

 

[Winston]

POST OF THE DAY! ^

Then why doesn't the data support that contention. When Biden took office domestic oil production was at 11,124,000 barrels a day. It was 11,595,000 for the month of May.

https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fwww.eia.gov%2Fpetroleum%2Fproduction%2Fxls%2Ftable1.xlsx&wdOrigin=BROWSELINK

 

[Ordinary Guy]

Retirees reentering the workforce would cause unemployment to increase, not decrease. DU HUH.

No his number of employed would grow and his inflation is causing it

 

[Ordinary Guy]

Then why doesn't the data support that contention. When Biden took office domestic oil production was at 11,124,000 barrels a day. It was 11,595,000 for the month of May.

https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fwww.eia.gov%2Fpetroleum%2Fproduction%2Fxls%2Ftable1.xlsx&wdOrigin=BROWSELINK

it has to stay here to make the difference, stop looking at produced vs used

 

[Harpy Eagle]

it has to stay here to make the difference, stop looking at produced vs used

There is no way to make it stay here outside of nationalizing the oil industry.

Is that what you are proposing?

 

[Winston]

No his number of employed would grow and his inflation is causing it

The Philips curve. Ironically, your OP supports very recent research that shows the unemployment rate has very little impact on wage growth, contrary to what the classical Philip's curve has theorized. The historically low labor participation rate also comes into play. Part time workers seeking additional hours and those out of the labor force, like retirees, reduce wage pressure. Neither of those groups are part of the unemployment number.

No sectors of the economy demonstrate this better than those with low wages and low wage workers have suffered wage depression for decades. Rather it is baggage handlers at the airport or retail workers at Walmart, companies don't have to pay a "living wage" because they can hire retirees who are merely supplementing their income. They are not dependent on the wage to survive, they are just looking for something to do and to be around people. That has changed the very dynamic of the employer-employee relationship. Part time workers working multiple jobs are also not dependent on a single employer and can therefore accept lower wages. There is no "wage push" impacting inflation. It is clearly a demand and supply issue.

 

[Winston]

it has to stay here to make the difference, stop looking at produced vs used

Absolutely, oil and gas exports are off the chain. It is past time to ban them. America first, right?

 

[gipper]

 

[initforme]

The nation needs more people retiring at a faster rate. People going back to work who could be retired hurts the economy.

 

[Ordinary Guy]

Absolutely, oil and gas exports are off the chain. It is past time to ban them. America first, right?

Damn right, up domestic use, decrease imports, now you are thinking. Fucking Democrats hate America, and really always have. We are reliving Jimmy Carter only worse this time around

 

[Harpy Eagle]

Damn right, up domestic use, decrease imports, now you are thinking.

How do you do this without nationalizing the oil industry?