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Reply #9: True. IIRC, that's where we got Social Security [View All]

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FBaggins Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-07-09 08:14 AM
Response to Reply #6
9. True. IIRC, that's where we got Social Security
The Great Depression spawned similar circumstances. Older workers holding on to jobs because they couldn't afford to retire (a far less common concept at the time).

Roosevelt created Social Security not just to provide an income for the elderly... but also to get some of those elderly to give up their jobs and retire - clearing those positions for younger workers who had been unemployed for some time.

I wonder how much of out current unemployment rate is accounted for by older workers who would have retired in the last two years but simply can't afford to now?
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  -89.8% Of Americans (Who Want Jobs) Are Employed MannyGoldstein  Nov-06-09 08:32 PM   #0 
  - Untrue  FBaggins   Nov-06-09 08:41 PM   #1 
  - You forgot  Tansy_Gold   Nov-06-09 08:43 PM   #2 
  - No... that's not one of the problems.  FBaggins   Nov-06-09 08:45 PM   #4 
  - Oh... You're a Nattering Nabob of Negativism  MannyGoldstein   Nov-06-09 08:45 PM   #3 
  - What many ignore are those who have put off retirement. These  quiller4   Nov-06-09 09:00 PM   #6 
  - True. IIRC, that's where we got Social Security  FBaggins   Nov-07-09 08:14 AM   #9 
  - Also you forgot that the ENTIRE military is counted as employed......  slampoet   Nov-07-09 09:04 AM   #11 
     - Isn't that how it should be?  FBaggins   Nov-07-09 09:15 AM   #12 
        - The military was NEVER counted until Reagan needed to up the figures before the 1984 election  slampoet   Nov-08-09 09:10 AM   #16 
           - I'm not sure where you got your information...  FBaggins   Nov-08-09 11:46 AM   #17 
  - Some people don't want to work.  mia   Nov-06-09 08:47 PM   #5 
  - And don't forget that "employment" is all that matters...  Merlot   Nov-06-09 09:16 PM   #7 
  - Depending on the measurement, that's correct.  FBaggins   Nov-07-09 08:17 AM   #10 
  - Others exluded from consideration:  RedCloud   Nov-06-09 09:43 PM   #8 
  - The actual figure is 82.5% once those people that have run out of benefits and still can't find work  Toots   Nov-07-09 10:24 AM   #13 
  - That's not how it works  FBaggins   Nov-07-09 09:44 PM   #15 
  - K&R.  Greyhound   Nov-07-09 10:29 AM   #14 

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