with 10000 baby boomers entering SS age each day

[tyroneweaver]

Doesn't this skew the employment numbers

 

[hortysir]

Have to see how many are turning 18 each day

 

[Avorysuds]

Just enough to make Obama-bots forgive him for failing miserably on the economy.

 

[BreezeWood]

with 10000 baby boomers entering SS age each day

Doesn't this skew the employment numbers

with 10000 baby boomers entering SS age each day: X 365 days = 365 million retirees in one year ... Link ?


anyway, even just one retiree a year, collecting their earned SS is to much for the wingnuts to comprehend.

why would retirement skew "employment" no.s ?

 

[hortysir]

with 10000 baby boomers entering SS age each day

Doesn't this skew the employment numbers

with 10000 baby boomers entering SS age each day: X 365 days = 365 million retirees in one year ... Link ?


anyway, even just one retiree a year, collecting their earned SS is to much for the wingnuts to comprehend.

why would retirement skew "employment" no.s ?

Because they're dropping out of the workforce.
That's why I pondered how many are Joining the workforce, daily

 

[hortysir]

Chart of the Day: Americans Exiting and Entering the Workforce - Daniel Indiviglio - The Atlantic

Fairly good read with some charts, even

 

[Redfish]

the unemployment rate has always been calculated the same way, there have always been people retireing and people entering the work force.

if you want to do some mental gymnastics, what would the unemployment rate be if we deported all illegals?

 

[Agit8r]

Doesn't this skew the employment numbers

Not all of those people are retiring at that age, but yes, it does largely debunk the "doesn't even keep up with population growth" myth.

 

[Redfish]

Doesn't this skew the employment numbers

Not all of those people are retiring at that age, but yes, it does largely debunk the "doesn't even keep up with population growth" myth.

are you claiming that there are more people retiring each year than there are new workers entering the work force? really? you cannot be serious.

 

[g5000]

Doesn't this skew the employment numbers

No. Do you not know how employment figures are calculated?

 

[Agit8r]

Doesn't this skew the employment numbers

Not all of those people are retiring at that age, but yes, it does largely debunk the "doesn't even keep up with population growth" myth.

are you claiming that there are more people retiring each year than there are new workers entering the work force? really? you cannot be serious.

I didn't say that. The increase in the number of new job seekers minus the number of retirees only has to be less than the number of new jobs added for the myth to be debunked. That appears to be demonstrable.

 

[TheSeventhTiger]

the president shows no concern regarding the unfunded liabilities of future retirees, you need to keep creating over 250,000 a month to insure all of us get SS when we are 62/65. But does he care,,no, he and his buddies already have millions of dollars in their accounts, who cares about the average working man? Pelosi&Reid don't, they have already stolen tax dollars to support their "1 Percent Lifestyle".

 

[NYcarbineer]

The labor participation rate peaked in 2000.

 

[AceRothstein]

with 10000 baby boomers entering SS age each day

Doesn't this skew the employment numbers

with 10000 baby boomers entering SS age each day: X 365 days = 365 million retirees in one year ... Link ?


anyway, even just one retiree a year, collecting their earned SS is to much for the wingnuts to comprehend.

why would retirement skew "employment" no.s ?

I take it that math wasn't one of your better subjects in school. That would be 3.65 million retirees per year, if the 10k number is true.

 

[TheSeventhTiger]

maybe that's why the 30-50 crowd are scared to spend? if anything they are saving so long as we have the Liberal Mafia in the white house.

 

[JustSomeGuy]

Doesn't this skew the employment numbers

Not all of those people are retiring at that age, but yes, it does largely debunk the "doesn't even keep up with population growth" myth.

No, it doesn't. While it's true the participation rate has steadily decreased, it isn't because of retirees leaving the workforce. Indeed, those over 55 have seen their participation rate steadily increase over the last few decades. It's those younger than 55 who have been leaving the workforce and have seen their participation rate decrease. Unless you're completely dishonest, you're going to have a hard time arguing that the reason the latter group's participation rate has decreased is because of them retiring.

Civilian labor force participation rates by age, sex, race, and ethnicity

The Increasing Labor Force Participation of Older Workers and its Effect on the Income of the Aged

Throughout this entire "recovery", the biggest "winners" have been older Americans while the biggest "losers" have been younger Americans, especially those under 30.

 

[Agit8r]

Doesn't this skew the employment numbers

Not all of those people are retiring at that age, but yes, it does largely debunk the "doesn't even keep up with population growth" myth.

No, it doesn't. While it's true the participation rate has steadily decreased, it isn't because of retirees leaving the workforce. Indeed, those over 55 have seen their participation rate steadily increase over the last few decades. It's those younger than 55 who have been leaving the workforce and have seen their participation rate decrease. Unless you're completely dishonest, you're going to have a hard time arguing that the reason the latter group's participation rate has decreased is because of them retiring.

Civilian labor force participation rates by age, sex, race, and ethnicity

The Increasing Labor Force Participation of Older Workers and its Effect on the Income of the Aged

Throughout this entire "recovery", the biggest "winners" have been older Americans while the biggest "losers" have been younger Americans, especially those under 30.

Well, props for citing data. I wonder how much has changed since January of 2012 though.

 

[auditor0007]

with 10000 baby boomers entering SS age each day

Doesn't this skew the employment numbers

with 10000 baby boomers entering SS age each day: X 365 days = 365 million retirees in one year ... Link ?


anyway, even just one retiree a year, collecting their earned SS is to much for the wingnuts to comprehend.

why would retirement skew "employment" no.s ?

Hmmm, are you claiming a bad public education for that faux pas?

 

[auditor0007]

with 10000 baby boomers entering SS age each day

Doesn't this skew the employment numbers

with 10000 baby boomers entering SS age each day: X 365 days = 365 million retirees in one year ... Link ?


anyway, even just one retiree a year, collecting their earned SS is to much for the wingnuts to comprehend.

why would retirement skew "employment" no.s ?

Because they're dropping out of the workforce.
That's why I pondered how many are Joining the workforce, daily

Unfortunately, as many of these people retire, not all of those positions are being filled with replacements. That is in great part due to the fact that companies are still cutting costs because demand still hasn't picked up enough to justify keeping everyone on. It is changing slowly but this is a big part of the problem.

What people don't understand is that these retirees are downsizing and buying a lot less than they did ten years ago. Even the ones who are not ready to retire are cutting back on their spending. This has caused a loss in demand for many goods and services and is at the heart of our economic stagnation. It is going to change though, because we have 75 million young people between the age of 20 and 35 who will be starting their own families very soon. As that happens, we are going to see a lot of growth in the economy.

 

[Agit8r]

with 10000 baby boomers entering SS age each day




with 10000 baby boomers entering SS age each day: X 365 days = 365 million retirees in one year ... Link ?


anyway, even just one retiree a year, collecting their earned SS is to much for the wingnuts to comprehend.

why would retirement skew "employment" no.s ?

Because they're dropping out of the workforce.
That's why I pondered how many are Joining the workforce, daily

Unfortunately, as many of these people retire, not all of those positions are being filled with replacements. That is in great part due to the fact that companies are still cutting costs because demand still hasn't picked up enough to justify keeping everyone on. It is changing slowly but this is a big part of the problem.

What people don't understand is that these retirees are downsizing and buying a lot less than they did ten years ago. Even the ones who are not ready to retire are cutting back on their spending. This has caused a loss in demand for many goods and services and is at the heart of our economic stagnation. It is going to change though, because we have 75 million young people between the age of 20 and 35 who will be starting their own families very soon. As that happens, we are going to see a lot of growth in the economy.

Part of it also is that companies and institutions have found that they can squeeze more work out of those of us who have been employed throughout the crisis, so that slowly and surely, OUR new normal is doing half again as much work as 4 years ago, for shit-all more pay.

And these employers realize that this is "possible" now, because even when the present employees get worn out, or ill, or literally die in their sleep, there are dime-a-dozen more people out on the street who are willing to destroy themselves for as little return.