The Collapse of America’s Labor Force

America continues to face a true national tragedy as tens of millions of unemployed people have been literally discarded because of big business outsourcing to China, India, and elsewhere. Worse yet, the unemployment statistics are manipulated every month in a cruel hoax to make it look like the unemployment rate is far lower than it really is. A high unemployment rate is embarrassing and would depress workers and business psychology, so workers are surgically removed from the labor force and hidden from view.

While the financial press states that we need to create at least 150,000 jobs a month to keep up with a growing labor force, they have failed to report that the number of workers no longer employed jumped by two million last year to 85 million, from 83 million in 2009. Some of these workers hidden from view are in welfare programs, and millions more simply vanish from the workforce using the government’s statistical magic.

Following are some examples of how statistical magic is used to shrink the labor force and lower the unemployment rate:

• The rush to start collecting social security at age 62: When you begin collecting social security, you drop out of the labor force. A few years ago, the forecast was that social security tax would exceed payments until 2016, yet the program ran a deficit last year for the first time ever of $41 billion. While a good part of this year’s social security deficit is related to a one-year two percent social security tax reduction to individuals, a sizable part of the deficit has been caused by less people working, and early filers. Filings were up over 10 percent last year because adults over 62 years old can’t find work.

  51.2 million Americans are currently collecting social security benefits and of that amount, 7.7 million are early retirees, or young survivors of retirees who have passed away. This group is not in the labor force and the vast majority will never return.

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