Once again on the Labor Force (NON) Participation Rate, and the unemployables…

participation rate sept 2014

The needle never seems to move much on the Labor Force Participation (and non-participation) rate, does it.
Meanwhile, the lower graph, signalling “people not in the Labor Force” reached 92 million late in 2014, and that also has not budged.

It’s not a Republican nor a Democratic thing, folks:  It’s a capitalist thing.  The capitalist class no longer has need for those 92 million people.

No matter what your phony-tea-party brother-in-law may say about “people could get a job if they wanted, they’re just lazy,” it’s still not true.  No matter what overtly fascist Republican Governors such as Scott Walker, “Bobby” Jindal, Chris Christie, RIck Snyder, RIck Scott, Bruce Rauner etc may say, it’s still not true that the reason 92 million people will be facing starvation soon is because they’re lazy, they do drugs, there’s a skills gap, and so on, it’s all still not true

Capitalism is putting itself out of business  And the unemployable class are the ones facing the life-threatening consequences of that.