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apnu

(8,749 posts)

53. Globalization killed the American economy

Thu May 21, 2015, 11:49 AM

May 2015

We've been in a slow decline ever since.

And now that the genie is out of the bottle, we will continue to diminish because all of our production has been shipped over seas. We are becoming the Western Hemisphere version of Europe: Important, but not top dog.

Whomever makes the stuff, is king. Right now, that's China until production shifts elsewhere.

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40 percent of unemployed have quit looking for jobs [View all] Beauregard May 2015 OP

I don't understand how people can stop looking. drm604 May 2015 #1

Some have probably ended up homeless which means they have little to no bills others cstanleytech May 2015 #2

Underground economy Treant May 2015 #3

I still cry when I think about how we had the entire government yeoman6987 May 2015 #55

the repukes are just too busy collecting their campaign donations from the Koch-heads wordpix May 2015 #86

Nonsense, the Republicans want everyone to work......for poverty level wages though. cstanleytech May 2015 #93

Some are homeless, some do odd jobs, some may be married and has a spouse that works rpannier May 2015 #6

Or some blue collar workers who did heavy physical labor Lydia Leftcoast May 2015 #113

Sometimes people make the rational decision that the job just doesn't exist anymore. LeftyMom May 2015 #8

Great post. nt raccoon May 2015 #26

Thank you for this... FloriTexan May 2015 #38

You make it sound nicer than it is. As if it were a matter of choice. Beauregard May 2015 #40

The "discouraged" rate is 0.5% Recursion May 2015 #92

I know someone who became a live in caretaker.... Spitfire of ATJ May 2015 #9

Same reason... sendero May 2015 #18

Looking for a job is expensive and time consuming Fumesucker May 2015 #23

I can only reply for myself tech3149 May 2015 #32

I went on early Social Security at age 62 after 5 years of job-hunting LiberalEsto May 2015 #41

I went on at 62 due to an illness & a year later wordpix May 2015 #80

My neighbor was 53, but looked 63, in 2008 when the economy tanked Big_Mike May 2015 #112

I'm one... freebrew May 2015 #51

If you exhaust your benefits you "Quit Looking" on the official record. It has nothing to do with Vincardog May 2015 #76

No, the published unemployment rate is not connected to UI benefits Recursion May 2015 #91

underground economy wordpix May 2015 #79

In my case, I had skills that weren't necessarily needed in the rural area we live in. Brickbat May 2015 #109

I don't know what percentage I represent, Mr.Bill May 2015 #4

Good point. I read somewhere that something like 2 million planned on retiring early because they Hoyt May 2015 #5

The average retirement age has shot up since ACA passed, though Recursion May 2015 #96

But...but....but.... AngryDem001 May 2015 #13

I quit looking LittleGirl May 2015 #7

This is my situation. ... FloriTexan May 2015 #39

sorry to see that. LittleGirl May 2015 #60

labor force participation chart Lagom May 2015 #10

Republicans look at that chart and claim Obama is encouraging welfare.... Spitfire of ATJ May 2015 #11

That would be correct... sendero May 2015 #19

Some of those over 50 types are having to take lower pay that the younger set too.... Spitfire of ATJ May 2015 #61

Except labor force participation 25-54 is also dropping WestSideStory May 2015 #66

Republicans keep blocking actual jobs. Spitfire of ATJ May 2015 #69

Agreed. The Fed too is not helping. WestSideStory May 2015 #71

The labor participation rate is going down in the 24-54 age group. former9thward May 2015 #73

The chart is misleading anyway. 62% to 68% makes 1 or 2% look like a huge difference. Spitfire of ATJ May 2015 #75

when a percentage is more than a million people, 1-2% IS a huge difference Amishman May 2015 #110

The Republican solution is to get everyone off the government teat and give tax cuts to the rich. Spitfire of ATJ May 2015 #111

No, that's people going on SSI and SSDI Recursion May 2015 #97

About "FRED" mahatmakanejeeves May 2015 #24

Most looking at that graph dont notice that it started dropping around year 2000. DCBob May 2015 #68

The average retirement age in 2000 was 55 Recursion May 2015 #98

Here. C Moon May 2015 #12

Exactly. Involuntary premature retirement and underemployment is rampant among >50 year olds. leveymg May 2015 #20

The state of Michigan is hiring for the DMV aka Secretary of State. Starting pay, 11.00 an hour notadmblnd May 2015 #30

Entry-level jobs about what you would make bussing tables or as a cashier. leveymg May 2015 #49

Something wrong here Android3.14 May 2015 #14

Stories like this don't evoke that vision for me which LiberalElite May 2015 #16

I cashed out all my retirement to survive Novara May 2015 #15

Take heart! Protalker May 2015 #36

62 in 2 week or I would be totally screwed dembotoz May 2015 #17

I'm alway suspicious of on-line stories that cite to studies ... 1StrongBlackMan May 2015 #21

It was a Harris poll done for Express Employment Fumesucker May 2015 #27

Thanks. 1StrongBlackMan May 2015 #31

I quit looking. Here's the story SmittynMo May 2015 #22

Ah RW talking point day on DU. JoePhilly May 2015 #25

Back when the prediction was done the assumption was there would be pensions Fumesucker May 2015 #28

The recovery of the stock market, and 401ks has helped. JoePhilly May 2015 #29

Why such a dismissive attitude toward the distress of others? Fumesucker May 2015 #33

401K? Pensions? SmittynMo May 2015 #37

"Non-Dickensian." Fournier May 2015 #42

Huh? No. Dickens's London looks like today's Mumbai or Lagos: young Recursion May 2015 #99

Vivekananda! Bliss to all beings! Happiness to all beings! Fournier May 2015 #107

"All about"? No, that would be the study of many lifetimes Recursion May 2015 #108

My coworker, who constantly worries about losing his job... tridim May 2015 #34

Sorry, I don't understand your post. Fournier May 2015 #43

He is worried because Obama. tridim May 2015 #46

If you read the comments to that story, you will find this exchange: mahatmakanejeeves May 2015 #35

I don't get it. 142,415,000 is half the USA population. Of the other half, there are children, the freshwest May 2015 #101

I'll be opting for early SS this fall magical thyme May 2015 #44

None of my friends who have lost jobs have found new work. leftyladyfrommo May 2015 #45

What kind of work are they looking for? tridim May 2015 #47

They are all office workers. leftyladyfrommo May 2015 #48

My office is hiring, pretty much non-stop. tridim May 2015 #54

Does telemarketing count? Fournier May 2015 #62

Tell me about it SmittynMo May 2015 #57

And we have sound studies explaining all of this whatthehey May 2015 #50

What a pantload of horsecrap.. sendero May 2015 #52

Who is FORCING people to retire early? tridim May 2015 #56

i got forced out leftyladyfrommo May 2015 #104

So there wasn't a baby boom starting 68 yrs ago after all? whatthehey May 2015 #58

Labor participation rate is going down in the 24-54 age group. former9thward May 2015 #74

But it's still higher than in any western European country Recursion May 2015 #82

Oh, really! Larry Engels May 2015 #84

And Hong Kong's labor force participation rate is 61%, meaning a greater % of Americans have jobs Recursion May 2015 #89

Because no one will hire you SmittynMo May 2015 #59

That makes no sense, as the average retirement age is going up, not down Recursion May 2015 #95

i think you read this wrong. leftyladyfrommo May 2015 #105

Globalization killed the American economy apnu May 2015 #53

"Globalization" didn't cause anything. bvar22 May 2015 #70

all good points, thanks for the clarity wordpix May 2015 #85

Then why don't we have one with China? (nt) Recursion May 2015 #90

Globalization started in the early 1600's or so Recursion May 2015 #103

If you lose your job post 50 workinclasszero May 2015 #63

create your own jobs - if I did it, you can, too wordpix May 2015 #83

I did get another job workinclasszero May 2015 #94

How can you generalize from one case so irresponsibly? Fournier May 2015 #114

Pointing out this statistical game that everyone plays Baitball Blogger May 2015 #64

"We do not have a way to measure how many people stop looking,..." mahatmakanejeeves May 2015 #67

You're not toeing the official Democratic Party line!!! WestSideStory May 2015 #65

More right wing talking points.... MaggieD May 2015 #72

I am apparently the only person in this entire country who got a job SheilaT May 2015 #77

What is your little anecdote supposed to prove? Larry Engels May 2015 #87

Well, I constantly read that NO ONE over age 60, or 55, or 50 ever gets hired. SheilaT May 2015 #100

yup, sounds right to me, alas. n/t MBS May 2015 #78

Yeah, all those retirees and disabled people should get back to work, right? Recursion May 2015 #81

as one of those oldies over 60, I had to retire early wordpix May 2015 #88

That's a real problem. leftyladyfrommo May 2015 #106

This message was self-deleted by its author rjsquirrel May 2015 #102