Today, with unemployment at nearly 16% (actual, not the silly government released number that doesn’t account for folks who have been unemployed so long they’ve fallen off the system), that means that 84% of American is working.
When the economy is good, that drops to about 3%, meaning 97% of American’s go to work when given the chance.
Doesn’t sound like lazy unmotivated populace to me.
Stop reading Rand, and her morally bankrupt idol Friedrich Nietzsche, and starting reading more basic math books.
If you are a Randroid, I pit thee, I pit thee again.
I consider the bulk of Tea-Baggers I’ve met to be Randroids (Objectivism with all the nice parts removed - not that it had many nice parts to start with).
The official unemployment rate does not drop anyone for being unemployed for a significant length of time. The official unemployment rate has never dropped anyone for being unemployed for a significant length of time. The big difference between broad and narrow measures is whether people are looking for work. How long they’ve been out of work has nothing to do with any official measure.
And the U6 underemployment rate, at 15.6% in November (seasonally adjusted), is a government issued figure. The government collects and releases a spectrum of measures of unemployment. The U3 unemployment rate, the official rate, is typically easier to use for comparisons across time periods, because it is the rate that most everyone’s impressions are already calibrated to think about. Talking about the U6 out of context can be misleading, as it becomes tempting to compare apples to oranges instead of comparing similar measures.
Broadly defined underemployment hasn’t been less than 6% for as long as I’ve been looking at it. I’d guess it’s never dipped below 6% for as long as it’s been defined.
I’ll agree with you that Ayn Rand was loathsome, but untruths about unemployment aren’t related to that.
I highly doubt 84% of the American population is working. Children, students, retirees, stay at home parents, the disabled, and other non-working adults likely comprise more than 16% of the population.
Right. The (un)employment statistics only reflect those people who are working or looking for work. The BLS lists the civilian labor force at 154 million, which means that slightly more than half the population is working or looking for work.
Nietzsche was very much Rand’s idol at one period of her life, though she later grew disenchanted with him, and his influence on her philosophy is very clear. There’s a reason people used to call her a dime store Nietzsche.
I think almost every well educated grown up went through a period in his/her life when they first discover Rand and idolize her and her writings. It’s kinda like puberty, but with less hair sprouting in odd places.
But then they grow up even more, gain a bit more care and concern for fellow human beings, and learn what the world is really like, and they grow out of it and realize her writing kinda sucks. Unfortunately, like middle aged men driving perceived penis enhancing sports cars, some people don’t actually develop out of that phase of their lives.
Obviously this is not something we’re likely to be able to cite reliable statistics on, but I 'm skeptical that the majority of well educated adults went through such a phase.
I didn’t, and I never personally ran into anyone in college (or after, for that matter) who even discussed Rand let alone idolized her.
I’m not a Randroid, but I also hate blanket statements too. Especially when there are things like what’s going on down in Alabama. A state which has 9.3% unemployment is actually seriously considering using prison labor dueto the chronic labor shortage issue. Why would that be?
According to this article:
“There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.”
–Paul Krugman
@stpauler: to be fair, working 12 hours of strenuous labor in the summer in Alabama would kill a fairly large number of college kids…
Sounds like it’s not a shortage of labor at all – there are people able to work. The fact that they don’t want to work for the pay offered indicates that the pay is too low – or at least that’s how a CEO would view his own job prospects. The free market is telling us wages will have to rise.
Eh, I’m always pretty skeptical of industries saying they can’t find workers, and so need the state to provide them with cheap prisoners/immigrants.
Note that in the story you link to, the only number provided by a non-industry source is the number of applicants vs the number of jobs. They’ve had 500 applicants for 70 jobs.