ok,
let me try to make this easy(I'm off on these numbers to make the math easy to make a point) think of the total US population like this, 1/3 working ages, 1/3 older people and 1/3 children...
think of this, today (2009) we have about 100million people that can work and about 85 million that can find work and are working more or less... so about 15 million out of work
Yesterday(1999 recession to 2001) we had about 250million total population and that makes 75 million working ages and 68million that could find jobs and 7 million out of work...
WAY yesterday(1930's USA) Great D, a population around 100million, so working types around 33million and 9 million out of work
Other things to think about, today we have less people working in the USA but a population 30 million people larger than 2000
Thanks to Mark Farber and Market Ticker for reporting on this important topic... link to stories on the real numbers and interpretations... this job market and wages story is a huge story that few know just how bad it really is and this problem has been growing for over 15 years!
-z-
No comments:
Post a Comment