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The Un-Retiring, Increasingly Disabled Non-Working American Dream
zerohedge.com / by Tyler Durden on 02/15/2015 16:30
For the past few years (here from 2012 to most recently here) we have vociferously argued that the state of the US labor force is anything but healthy (and anything but cyclical) as the structural aging of America(where work is punished, college is free, and retirement long forgotten) drags at The American Dream. Even Goldman Sachs’ Jan Hatzius – now desperate for a less positive spin to employment, in hopes of keeping The Fed dovish-er longer-er, has admitted that because of discouragement, disability, and schooling, coupled with a slowdown in the rise of the retired population will slow the pace of decline of the unemployment rate.
Where do we stand now? Exhibit 1 shows the cumulative increase in the population shares reporting themselves inactive because of discouragement, disability, schooling, and retirement.
The post The Un-Retiring, Increasingly Disabled Non-Working American Dream appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/02/15/the-un-retiring-increasingly-disabled-non-working-american-dream/
