There is a simple truth about America’s declining unemployment numbers about which the MSM won’t tell you.
That’s more than the population of entire countries. More Americans have dropped out of the labor force than the entire population of Vietnam (89.7 million) or Egypt (87.5 million) or Germany (80.7 million) or France (66 million). In fact, there are more Americans who are not working than TWICE the population of Spain.
And now we know the reason why so many Americans have dropped out of the labor force: They have simply given up and don’t want to work.
According to the Bureau of Labor Statistics, 93% (or 85.9 million adults) of the people not in the labor force are those who don’t want a job. So much for the much-touted Protestant Work Ethic that had industrialized America and transformed it into a world super power.
So who are these American ADULTS that simply don’t want to work?
According to a Pew Research Center analysis out last Friday, Nov. 14, they are:
- 28.5% of men said they didn’t want a job in October 2014 — up from 23.9% in October 2000 and 25.2% in October 2008.
- 40.2% of women said they didn’t want a job in October 2014 — up from 38% throughout the 2000s.
- 39% of young adults (ages 16-24) don’t want to work, up from 29% in 2000.
The number of Americans who don’t work will only increase — exponentially — in coming years.
Business Standard reports, Nov. 17, 2014, that advances in technology, especially robotics, will render obsolete half of today’s occupations by 2025 — in 11 years.
According to a report titled “Fast Forward 2030: The Future of Work and the Workplace,” based on interviews with 220 experts, business leaders and young people from Asia, Europe and North America, “Nearly 50 per cent of occupations today will no longer exist in 2025.”
The upside is that new jobs will require creative intelligence, social and emotional intelligence and ability to leverage artificial intelligence, which means those new jobs will be immensely more fulfilling than today’s jobs — for the economic élite.
But what will society do with the teeming HUNDREDS OF MILLIONS of Americans who no longer work?
No wonder the average I.Q. of humans across the world is declining.
- The death of U.S. manufacturing jobs – in one graph
- White men increasingly don’t work
- Nearly half of U.S. college graduates can find only low-wage jobs
- Majority of Americans unprepared if economy collapses
- Nearly 1 of every 2 Americans live paycheck to paycheck
- “Social Security Disability will be bankrupt in 3 years,” Dec. 18, 2013.
- “Decline of America’s middle class threatens U.S. global power
Dr. Eowyn’s article first appeared at Fellowship of the Minds.