Between the ages of 18 and 40 I
bought into "unemployment figures". 5% to 9% seemed like reasonable single-digit numbers that could easily be overcome. The comfort that
unemployment numbers are not too high is a nervous consolation, in case you
ever happen to find yourself there. The strong-minded will tell themselves, get
up and finish the race. When you finally do pick yourself up and get back in
the race, it could even make you embrace Republican values
and "laissez-faire" capitalism. The conservative assumption
is that most of that 5% to 9% could be seen as a healthy, temporary number, and
some of it is inevitable human nature - a.k.a. the lazy ones. As Mitt Romney
thought he was saying privately during his 2012 presidential campaign,
self-proclaimed victims who unaccountably rely on the government are a lost
cause.
While a
part of me never really thought 5% to 9% unemployment meant that 91% to 95% of
the country was employed, I didn’t quite grasp the reality that more than 50%
of America's total population is unemployed. That number includes children and
seniors over 70, but in at least half of that segment someone still needs to work for them. Either way it has little to do with laziness: Capitalism is simply
not designed to provide for 220 million jobs – the number of Americans over 16
and under 70. According to the Current Employment Statistics and Current
Population Statistics, the total number of jobs in the U.S. is about 150
million. That's a 70 million adult deficit. It boils down to 22% of the total
population, and 32% of the working age population.
We could
drill down further and say that only about half of the 32% really competes hard
for a job. That would be under the assumption that the other half are spouses
or "significant others" who play a voluntary support role. It would
make the true, effective unemployment rate in the US 16%. There's just one
problem with that logic: the single job that pays for one adult mouth to feed
also has to pay for two. While the two halves can economize and scale all day
long, the single job per couple math reaches a tipping point sooner rather than
later. You can pick which end you prefer, 32% or 16%. But either way it is
still a far cry from "5.5%". I choose to go right down the middle,
and I call the true, effective unemployment rate of the U.S. 24%. One-quarter
of the nation, one out of four, is unemployed. From a macro perspective, 170 million Americans are not formally employed.
Counting
new unemployment compensation filings every month (currently at 5.5%) is a dishonest
collusion that both ruling parties have engaged in for almost a century. It
looks better on their leadership record, and they guilt the ordinary citizens
into blaming themselves more than the system.
It needs
to stop. It's neither honest nor sustainable, and neither party knows how to
fix it. The best argument conservatives have is that given the right
incentives, able-people will eventually get off their asses and find a way to
make themselves productive. The best argument liberals have is that there are
way too many unable-people in our society – not lazy, literally unable.
Unable physically, mentally, or a combination compounded by a true unemployment that lies somewhere between 24% and 53%. Ignoring
them will not make them go away, and labeling them “welfare queens” who don’t
understand trickle-down economics amounts to conservative smugness.
Neither argument by itself will ever work. If both sides acknowledge
that both arguments working together is in fact the answer, then we may yet
make America a greater society.
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