Results 1 to 5 of 5

Thread: weekend commentary - America's Geriatric Work Force

  1. #1
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default weekend commentary - America's Geriatric Work Force

    These 'under the hood' details from the most recent unemployment report are definitely worth pondering ... from


    (snip)"A month ago in "55 And Under? No Job For You" we presented visually and quite simply that of the 3.3 million jobs "created" (updated for October's data), a gasp-inducing 3.8 million has gone to workers aged 55 and over, or the one cohort that according to conventional wisdom is retiring, and actively leaving the workforce. How can America's elderly workers account for more than the total? Simple: workers in the young (16-19) and prime (25-54) cohorts have cumulatively lost a whopping 1.3 million, with just the 25-54 age group losing 842,000 jobs (snip)





    (snip)In other words, America's edlerly are not only not in a rush to retire, they are reentering the workforce (thanks to the Chairman's genocidal savings policy which has just rendered the value of all future deposits worthless thanks to ZIRP), and in doing so preventing younger workers, in their prime years, from generating incremental jobs.

    And nowhere is this more visible than in today's jobs report. On the surface, the US generated a whopping 413,000 jobs (after generating a massive 873,000 last month) according to the Household Survey in October. That's great, unfortunately breaking down this cumulative addition by age cohort confirms precisely what we have said: all the jobs are going to old workers, who have zero wage bargaining leverage (as they just want to have a day to day paycheck). To wit: when broken down by age group, the total October increase shows that of the new jobs, 10.7% went to those aged 16-19 *, 11.6% went to those aged 20-24 *, a tiny 9.8% went to the prime agr group: 25-54 *, and a massive 67.8% went to America's baby boomers: those aged 55 and over *, and who refuse to leave the workforce and make way for others.'(snip)

    (snip)"the most eye-opening chart is this one showing jobs in the 25-54 and 55 and over categories:





    And one wonders why America's labor force has no bargaining power, and why average hourly wages are imploding, and why nobody can afford anything anymore...

    Finally, all of the above excludes previous disclosures that the bulk of jobs created in the past 4 years is in the part-time job catergory."(snip)


    Of specific interest to exotic dancers and camgirls should be the fact that the number of jobs being added for the 25-54 age group ... which accounts for the VAST majority of their strip club and webcam customer base ... is nearly non-existant.

    The bulk of the new jobs added went to those in the 55+ age group, who ( with a handful of noteworthy exceptions ) aren't likely to patronize strip clubs or webcams.

    Additionally, the jobs report raises a question as to how many former full time jobs lost are being replaced by newly created full time jobs versus newly created PART TIME jobs. Again this is relevant to exotic dancers and camgirls because the costs to a potential strip club or webcam customer for 'essentials' i.e. food, energy, rent etc. essentially remain constant, while a <30 hour paycheck contains far fewer dollars than a 40 hour paycheck. As such, part time workers have far fewer 'discretionary' dollars left over to spend on 'non-essential' things like lap dances and paid webcam shows.

  2. #2
    God/dess Flickdreams's Avatar
    Joined
    Aug 2009
    Location
    Look behind you....
    Posts
    3,406
    Thanks
    5,155
    Thanked 4,132 Times in 1,638 Posts

    Default Re: weekend commentary - America's Geriatric Work Force

    ^ Sounds like America's a hole (*prepares to be flamed). I can't remember when you last posted something you love about your own country
    Tiny tweaks----->BIG CHANGES

    Quote Originally Posted by Kirakonstantin View Post
    More fear-mongering? Really? Yes, this is not the 1990's anymore. Yes, things are changing. Either dance or don't. Freaking out and sowing fear isn't going to help anyone.




  3. #3
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: weekend commentary - America's Geriatric Work Force

    ^^^ I love the fact that America doesn't tax the first $95,100 of income earned by Americans living OUTSIDE the country @! That little nicety saves me about $35,000 per year by simply living 'way south of the border' !!!

    Of course, most other countries don't tax ANY of the income earned by their citizens living outside of the country ...


    For better or worse, I still persist in the notion that there are indeed some Dollar Den readers who would actually prefer to hold a realistic view of the US economy, and the likely effects on their personal economic situations. While the 'rose colored' spin on US economic statistics usually presented by the government and mainstream media may make some people 'feel' better about things, 'feelings' don't pay the bills.

    While 'rose colored' spin may convince some Americans to 'feel' good enough to run up their credit card balances ( thus creating slightly improved sales of 'non-essential' goods and services until the bill arrives ), 'feelings' won't help those Americans pay down those higher credit card balances.

    The indisputable facts are that after-tax incomes are stagnant, that the rate of jobs growth in the age 25-54 segment of the American population is practically non-existant ( net of population growth in the 25-54 segment ), that prices for essential items such as food, energy, rent ( = property taxes ) etc. are increasing, and that this leads to an indisputable conclusion that the age 25-54 segment of the strip club and webcam customer base ( = just about the ENTIRE customer base ) has fewer dollars to spend on lap dances and paid webcam streams. And that is true RIGHT NOW, without entering into speculation about the impact of rising tax rates next January, the economic response to ObamaCare, or anything else of a speculative economic nature.

    Now, this isn't to say that SOME exotic dancers and camgirls can't 'profit' from this situation if they are sufficiently motivated and are 'smart' about it !!! And past experience has shown that the majority of SW / DD readers are 'far above average' compared to the total number of exotic dancers and camgirls when it comes to motivation and 'street smarts'. Yes, the financial facts seem to indicate that, as a whole, fewer customer dollars are being / will be spent at strip clubs and on webcams. But that does NOT mean that a motivated and 'smart' dancer or camgirl can't attract a larger number of those fewer total dollars to her own pocket @!

    And for dancers and camgirls who have been saving and investing their money, the same point applies to available investments which increase in value when economic conditions decline @!
    Last edited by Melonie; 11-03-2012 at 07:10 AM.

  4. #4
    Banned
    Joined
    Jul 2005
    Posts
    11,037
    Thanks
    1,891
    Thanked 5,124 Times in 3,086 Posts

    Default Re: weekend commentary - America's Geriatric Work Force

    I suspect this is happening because most jobs being created are low paying service jobs and older people often have medical or medicare. Honestly I'd rather see an older person get a job over me than a recent college grad.

  5. #5
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: weekend commentary - America's Geriatric Work Force

    I suspect this is happening because most jobs being created are low paying service jobs and older people often have medical or medicare.
    Some of the professional commentary i have seen in this regard confirms your observation that older employees being eligible for medicare is a factor considered by potential employers, as it reduces potential health care costs to the employer. However, the point more often mentioned is that older employees have no long term career / pay increase expectations ... making them easier to deal with if the future need arises to quickly reduce employment levels.

    And indeed stats show that a significant number of 'new' jobs being created are low paying service jobs as well as part time jobs ... both of which older workers are 'content' with as a supplement to their Social Security checks or retirement fund payouts.


    Honestly I'd rather see an older person get a job over me than a recent college grad.
    While this may be a laudible 'sentiment', from a purely economic standpoint the 'talking heads' will tell you that it's really not a good thing. Older employees failing to 'vacate' positions via retirement denies opportunities to younger workers. Younger workers without good economic opportunities postpone marriage, starting a family, buying a home etc. And in doing so many segments of the US economy, from housing to durable goods to consumer goods continue to experience reduced demand. After all, very few older workers are in the market for a new or larger home, for child related home furnishings, for SUV's big enough to carry children etc.

Similar Threads

  1. Replies: 0
    Last Post: 09-07-2012, 02:01 PM
  2. weekend commentary - Small Business in America
    By Melonie in forum Dollar Den
    Replies: 18
    Last Post: 02-29-2012, 06:18 PM
  3. Replies: 0
    Last Post: 10-16-2010, 06:25 AM
  4. Replies: 55
    Last Post: 04-29-2008, 03:55 AM
  5. Replies: 11
    Last Post: 05-30-2006, 03:37 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •