Dear Editor:
The good news seems to be that the unemployment is down to 5.3 percent.
The unemployment rate may have dropped from 5.5 percent to 5.3 percent but: the number of people employed was lower in June than May; the number of people in the labor force was 400,000 lower in June than in May, even though the number of working age people increased by over 200,000; from May to June the total number of people not in the labor force increased by 640,000; the June labor participation rate was the lowest since 1977. In 1977 the unemployment rate was 6 percent.
From 1977 to 2014 spending to take care of the needy (Human Resources spending minus Social Security and Medicare and minus veterans benefits) increased from $10,900 per person in poverty to $21,000, both figures are in 2009 dollars.
We now have huge bureaucracies, the EPA, OSHA, FDA, etc., protecting us from everything, yet from 1977 to 2014, while the number of people in the work force has increased by 58 percent the number of people collecting Social Security Disability Insurance has increased by over 300 percent. One has to wonder whether these agencies are worthless or if the definition of disabled has been drastically changed. Also, is it any wonder the system is going broke?
As Paul Harvey used to say, "and now you know the rest of the story".
Movie title
Grade: grade here
Cast: cast here
Director: director here
Rating: rating here
Running time: minutes
Showtimes and Ticket Info