Full Employment?.....................from Rico

In the good old days, before ALL government statistics were meaningless because they had been manipulated so heavily, "full employment" in an advanced economy was considered to be when 5.5-5.6% of the work force was temporarily out of a job/not working.

 

Today, only 60% of Americans are fully employed in reality, leaving the remaining 40% unemployed or marginally employed (earning less than $15,000 per year).*

- That's pretty far from the 'offishul' claim that only 5.6% of the US work force is out of a job. The lie is revealed by looking at the numbers of people on Section-8 housing, SNAP (food stamps), medicaid, school lunches, and other 'entitlements' ad nauseum.

 

*50 million people report incomes less than $15K/yr, just about 25% of the work force, but BLS counts them as fully employed. Actually, here is the fun part, BLS counts anyone earning a few hundred dollars or a few thousand thousand dollars per year as fully employed.

- Full time minimum wage jobs pay $14,500/yr. Try to live on that.