Labor Day: 90 Million Americans Without Jobs; 36% Of the Population
September 2nd, 2013
This weekend President Obama delivered his weekly radio address commemorating the Labor Day weekend:
Over the past four and a half years, we’ve fought our way back from the worst recession of our lifetimes. And thanks to the grit and resilience of the American people, we’ve begun to lay a foundation for stronger, more durable economic growth.
Except like everything else coming out of Washington, President Obama loaded his speech with platitudes and wishful thinking, failing to mention the reality of what’s happening in our economy – and especially our labor force.
According to a report from the Bureau of Labor and Statistics, we’re far from having a laid a foundation of recovery and are, in fact, on a trajectory not of durable economic growth, but one of a complete collapse of our way of life.
If the health of our labor force is to be an indication of America’s economic health and survival, then the only plausible assessment is that we are about to flat line as a nation: