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Economic Growth

The Real State Of The Union

Let’s look at the Labor Force Participation (LFP) Rate, which shows the percentage of the working-age population currently working, based on U.S. Bureau of Labor Statistics data… In Jan. 2000, the LFP Rate was 67.3% In Jan. 2018, the LFP Rate was 62.7% So the Labor Force Participation Rate declined 4.6%, yet the unemployment rate stayed the same… hmm… It gets much worse when you consider that roughly 12 million well-paying full-time jobs have been eliminated and replaced with either part-time or below “living wage” full-time jobs that do not provide healthcare benefits. Also consider this… In 2000, there were 168 million more people than full-time jobs (282 million population, 114 million full-time jobs). In 2018, there are 201 million more people than full-time jobs (327 million population, 126 million full-time jobs). To be fair & balanced...

Time To Stop Worshipping Economic Growth

By Brent Blackwelder of Casse - There are physical limits to growth on a finite planet. In 1972, the Club of Rome issued their groundbreaking report—Limits to Growth (twelve million copies in thirty-seven languages). The authors predicted that by about 2030, our planet would feel a serious squeeze on natural resources, and they were right on target. In 2009, the Stockholm Resilience Center introduced the concept of planetary boundariesto help the public envision the nature of the challenges posed by limits to growth and physical/biological boundaries. They defined nine boundaries critical to human existence that, if crossed, could generate abrupt or irreversible environmental changes.

U.S. Wages Grow At Slowest Rate In 33 Years

By The Associated Press - U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring isn’t lifting paychecks much for most Americans. The slowdown also likely reflects a sharp drop-off in bonus and incentive pay for some workers. The employment cost index rose just 0.2 percent in the April-June quarter after a 0.7 increase in the first quarter, the Labor Department said Friday. The index tracks wages, salaries and benefits. Wages and salaries alone also rose 0.2 percent. Both measures recorded the smallest quarterly gains since the second quarter of 1982. Salaries and benefits for private sector workers were unchanged, the weakest showing since the government began tracking the data in 1980.
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