Einherjar86
Active Member
I think the negative implications are inherent in the current "mixed economy" structure. Obviously there are a select group of people that are neither on the dole nor working/seeking work, but I would (with no evidence at hand) assert that this group is very likely quite small.
http://www.politifact.com/truth-o-m...-trump-says-us-has-93-milion-people-out-work/
Out of the 93.8 million Americans age 16 and up who are deemed "not in the labor force," 9.7 million of them are between 16 and 19 years of age. Another 5.7 million are between 20 and 24. And 37.8 million are age 65 and over. (In fact, 17.5 million are over 75 years old.)
What’s left? This leaves 40.5 million Americans who are not in the labor force and are between the ages of 25 and 64. It’s possible to argue that this number should be a bit higher -- college typically ends at age 22, not everyone goes to college, and healthy seniors today can usually work past 65 if they wish. But right off the top, Trump’s claim significantly overstates the matter.
The official number of unemployed Americans is 8.3 million -- less than one-tenth of what Trump says. But to give Trump the benefit of the doubt, it’s possible to expand this number using more credible economic thinking.
Gary Burtless, an economist at the Brookings Institution, says it’s not unreasonable to include:
• The 6.4 million people who haven’t looked for work recently enough to qualify as being "in the labor force," but who say they "currently want a job."
• And the 6.5 million people working part-time who would prefer to have a full-time job.
This would mean that upwards of 21 million Americans could be described with some justification as "out of work" involuntarily, either fully or partially. But that’s not even one-quarter of the number that Trump offered.