“Over the past several years people have dropped out of the labor force at an astounding, almost unbelievable rate, holding the unemployment rate artificially low.”

 

7 comments on ““Over the past several years people have dropped out of the labor force at an astounding, almost unbelievable rate, holding the unemployment rate artificially low.”
  1. EndTheFed says:

    Soon, everyone will drop out of the labor force and thus we will finally have full employment. Welcome to the Dark ages, part II. Brought to you by the religion of “TO BIG TO FAIL.”

    Time to add more chapters to our religious texts: The BOOK OF BEN and the BOOK OF GREENSPAN.

  2. Al Kyder says:

    Its not just people are drooping out of the workforce, they are also not working in their jobs. because they know they will never have a pension, they know they’ll never have a house or anything of value, except farmville.

    No motivation. Why bother working when if there is no reward for it. People realise that life is short, no point in wasting it as a debt slave.

    Peope are learning to live without using currency. I am seeing it more, they exchange labour / skills directly for products.

    For example, I exchange a skill for free coffee, and some labour for bread, and sme marketing skills for sushi. So I often stun peopke when I go to town and not pay for anything. Some people have real trouble with the very concept of that.
    I am a good anarcho-syndicalist yes ? :)

  3. Dpyan says:

    and when you get to fries, that’s where the real money starts! — Jesse LaGreca

  4. Al Kyder says:

    @ EndTheFed

    Its the death of the protestant work ethic and the related boomer culture.

  5. Robert Mockan says:

    Although most people still working may not understand what slavery is, they are learning. Debt slavery (as just one kind), starts before having a job, before looking for a job, even before having to spend savings in order to live, with or without a job. The most valuable commodity any person has is their individual life time. The clock starts ticking down when born, and time until it stops is very short. But it will not always be that way, and with technology advances very soon people will have much longer lives, to do whatever they really want, instead of spending their invaluable life time in servitude to others. All the tasks that constituted “jobs” in the past will be replaced by machines. At the top of the list are those tasks that Elitists pride themselves at being good at, thinking that using their brains instead of their brawn is a superior use of their lives. There are NO decision making tasks, even today, that machines could not replace. Elitists are in fact obsolete. Insane oligarchs even more so, but they seek power using whatever means at their disposal.
    Slavery is any activity that precludes realizing ones self defined purpose of life, sooner rather than later. It is not about just owing money, or having debt, in the monetary sense, but debt slavery is living a paradigm that enables others to steal your life time.

    All those people that are no longer in the labor force. They are learning.

  6. alan says:

    Al Kyder’s summary is reasonable.
    No carrott, just stick in the labour market. the connected have a chance, the rest are really wasting their time.
    Corruption has lead the privitisation of public assets. Wages and conditions are cut, training eliminated, service cost to the community rise and the business is run on a short term basis. In Australia the only thing being improved upon is spin. Employment agencies and labour hire firms are ridduled with corruption, but you never see politicans attacking them. Only unions are in the firing line, but most unions have been infiltrated and laws make them unable to protect the interest of their members anyway.
    I was forced out of the official labour market 10 years ago for not being prepared to swallow the spin and bullshit
    People need to learn a new game. You can survive and have satisfaction and fulfilment doing it, but your state of mind has to change.

  7. Bruce says:

    My excuse is:
    …but keeping up with Maxxx is a full-time job.

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