This info obliterates the MSM meme that the millions leaving the work force are retiring Boomers. They can’t retire because they haven’t saved a fucking dime for retirement. They were busy spending on McMansions, leasing BMWs, going on fine vacations, and buying electronic gadgets. They will work until the massive coronary hits due to their obesity from sitting in a recliner for the last forty years munching cheetos. Meanwhile, millennials won’t get a chance to use their mad math skills from the common core curriculum, after taking on $50,000 of student loan debt and getting no jobs. But at least they’ve got Obamacare.
Record Jobs For Old Workers; Everyone Else – Better Luck Next Month
Submitted by Tyler Durden on 03/07/2014 10:28 -0500
We have long been pounding the table (certainly since mid-2012) that the US labor market has become a place where mostly older workers – those 55 and over – are hirable – something which has nothing to do with demographics, and everything to do with excess worker slack, and an employer’s market to pick and chose those workers that are most qualified for a job since older workers have the same wage leverage as younger ones: none. February was merely the latest confirmation of just this.
The chart below shows the age breakdown of the various age groups of workers hired in the past month. The vast majority, or 239K of the job gains(according to the Household survey), once again fell into the oldest group, those aged 55-69. The core demographic, those 25-54, rose by a negligible 29K. Everyone else, i.e., those 16-24, saw a total of 153K in job losses.
The good news (for them, and bad news for everyone else): the number of workers aged 55 and over just hit a fresh all time record high:
And finally, here is the full breakdown of “young vs old” jobs since the start of the Depression in December 2007: those 55 and older have gained 4.9 million jobs. Those under 55 are still some 3.1 million jobs below their December 2007 level.
Nonanon- How will you ever live with a thumbs down. Sad the Boomers on this site really believe a thumbs down matters. Information does not stop simply because you don’t like it.
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“Sad the Boomers on this site really believe a thumbs down matters.” — Clams
So says the person who gets the most pink screens in the history of TBP.
TBP has some of the smartest people on the Internet. I know that because I read comments on many other websites, and the quality here is better by 100x. So, the smartest people on the internet most often find your views “wanting”.
So, what does that “matter”? Well, you COULD use it as a time to reflect. That’s exactly what I do when I get a large number of thumbs down on a post. Seriously! I figure that when the smartest people on the internet overwhelmingly disagree with me that maybe it’s ME who is wrong. Maybe I should reconsider? In fact, I have changed my views here on several occasions …. of course not solely based on Thumbs Down, but that did get the ball rolling. Thumbs Down can be an opportunity to learn.
But you don’t roll that way. You even go out of your way to tell us, “I’M NOT OPEN TO YOUR ADVISE!! SHUT UP!!!” That why you will remain mired in your own ignorance for a long time. Votes don’t matter! Opinions don’t matter! Advise does not matter!! What does matter to you? “Me, Me, Me!!!” — it’s the curse of Millennial Thinking.
Stucky- tl; dr
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Still winning!
Stuckmeister can’t help but criticize anyone younger than himself. After all it was his generation which coined the phrase, “I used to not trust anyone over 30, now I don’t trust anyone under $30k per year.”
The boomers were the first stupefied generation whose living rooms were filled with post WWII mass propoganda in the 50’s. No wonder they hate the younger generation, when they reflect upon all of the lost opportunity their lives have engendered.
I still don’t think this is the root of the issue. There’s a conspiracy underfoot, and it’s spiritual, not physical. If one wants to know the truth of a matter, one need only look to the source of truth, God’s Word. Then there is a standard by which to judge all, and to ascertain that which is right, and good, and pure, and that which is not.
Generational conflict is merely a distraction to that which is real, an all out war between the forces of good and evil, with one’s eternal life in the balance.