All the steady jobs, are goin’, boys, and they ain’t comin’ back….
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“Improving economy” is more an artifice than a reality. For example, in absolute terms, fewer Americans have jobs than did in 2008; more Americans no longer are in the “job market” and have dropped off the employment radar screen–they are either part o the underground economy or not looking any more. The underemployed, counted as employed, comprise a substantial percentage, more in total numbers than ever before. Most economists use a 15%-18% percentage for actual unemployment and underemployment. During the Great Depression, unemployment in 1929 was 3.4%; 8.9% in 1930; and peaked at 24.9% in 1933, but the population of the U.S. in 1930 was only 123,000,000 and a workforce of perhaps 50,000,000. U.S. So, at the peak of the Geat Depression, 12,000,000 Americans were out of work. The U.S. population is now about 320,000,000 with a work force of perhaps 150,000,000. At just 15% unemployed, or underemployed, more than 22,000,000 Americans are impacted, at 18%, 27,000,000 Americans are impacted. Coupled with $4 gasoline, rising food costs resulting from increased fuel costs and using corn to make alcohol and not feed cattle, the economic whammy effect is compounded. So much for economic growth.