44% of available jobs are considered as being “minimum “ or low wage jobs
There aren’t enough children to fill more than about 40% of the minimum wage jobs. (And considering school moves that down considerably) many elderly past retirement age are in low paid jobs as well. Our demographic pyramid is starting to look more like a moderately overweight person and not a pyramid anymore . (Image of demographic pyramid)
Only places that look sort of like a historical population distribution where the bottom is biggest unfortunately is Gaza where half to 2/3’s of the population is kids.
Despite the supposed low unemployment, the workforce participation rates especially amongst men are at record lows, even if we consider all the unfilled jobs as being real there aren’t enough jobs to have what was historically considered “full employment “ if we actually start pulling people back into the workforce.
The last time we had anything resembling a good economy for normal people and people starting out with more normal/strong labor force statistics was 1999, 80’s were terrible, early 90’s terrible, early 2ks terrible early 2k10’s terrible doesn’t leave much between our great grandparents era and today.
There aren’t enough children to fill more than about 40% of the minimum wage jobs. (And considering school moves that down considerably) many elderly past retirement age are in low paid jobs as well. Our demographic pyramid is starting to look more like a moderately overweight person and not a pyramid anymore . (Image of demographic pyramid)
Only places that look sort of like a historical population distribution where the bottom is biggest unfortunately is Gaza where half to 2/3’s of the population is kids.
Despite the supposed low unemployment, the workforce participation rates especially amongst men are at record lows, even if we consider all the unfilled jobs as being real there aren’t enough jobs to have what was historically considered “full employment “ if we actually start pulling people back into the workforce.
The last time we had anything resembling a good economy for normal people and people starting out with more normal/strong labor force statistics was 1999, 80’s were terrible, early 90’s terrible, early 2ks terrible early 2k10’s terrible doesn’t leave much between our great grandparents era and today.
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