Skip to main content

Posts

Showing posts with the label production

Jobs - Who needs one?

Jobs anyone? No Thanks.  "I don't want one," is the response from 34.3% of people. This is the latest statistic from the Wall Street Journal, where it is noted this is up from 30% just two decades ago. In a recent paper, Declining Labor Force Attachment and Downward Trends in Unemployment and Participation , by economists Regis Barnichon and Andrew Figura divided those out of the labor force using a simpler standard: whether or not the person says they want a job. the paper is rather technical but understandable. It does lead us to a couple of questions. (1) How much unemployment by those not wishing employment can a prosperous nation absorb - and remain prosperous? (2) What is the critical mass whereby this "don't want a job" attitude toward work becomes an epidemic in society? The answers to both are unexplored. There is another population out there not yet analyzed. This group, those people employed by in totally nonproductive venues.  Many govern