The Bureau of Labor Statistics reports that 93,482,000 Americans were neither employed nor had made an effort to find employment in March.
March’s non-participation level continues a multi-month trend of decline after the number of people out of the workforce hit a record high of 94,610,000 in October — declining another 206,000 compared to February.
While the number of people out of the workforce declined in March, 292,000 more people were out of the work force compared to March 2015.
The labor force participation rate over the month of March remained relatively unchanged at 63 percent (compared to 62.9 percent in February), higher than it was a year ago.
Additionally, the civilian labor force grew to 158,286,000, an increase of 396,000 over the month of February, 151,320,000 of whom were employed. Another 7,966,000 were unemployed.
This makes no sense considering the number of decent paying jobs I have seen on indeed.com. Don’t Americans want to work? I have received exponentially more responses for interviews and interest from U.S companies than my local socialist economy has entertained.
Another bogus chart. I can come up with all kinds of charts and make them mean what I want.
To Shocked Canadian, Your thinking that there are all 'kinds of jobs?" not so. There are jobs but the illegals get them. For the particular skill or line worker, jobs are gone.Housing starts are and have been down across the nation, most factory work is overseas, Almost all of American auto manufacturing is overseas. Most of our planes are built overseas. Goodness you are close enough to the midwest/north manufacturing belt to see this.
This depends heavily on your field/experience. If you’re in IT or businesses(especially consulting, finance, and sales), there’s tons of demand for you. If you’re low skilled, or just not very bright, it’s not especially easy to find work.
Someone did a study a long while ago(I’m not going to source it because I have no idea where to find it), that looked at the unemployment rate by education and by IQ levels. The link between intelligence and employment was even higher than the link between education and employment. If you hold a Master’s and have an IQ over 120, any unemployment you face is basically a matter of holding out for a good job. If you’re desperate, you have tons of options. On the flipside, if you’re a high school dropout with an IQ hovering around 80, you may not be able to find work during hiring season at McDonalds.
“***For most of our history 50% of GDP went to wages and 50% went to capital, and we are seeing a radical alteration in that largely because of the anomalies of money being made in high tech industries… That’s not anybody doing anything wrong, that’s just technology industries are different from old manufacturers.***"
The issue with automation is that in the past specialized machines were made to do specialized tasks. By 2020 CPU processing will have reached a point where a single machine will be able to accomplish multiple tasks, with greater efficiency and less effort on the part of the business that owns them. I design and sell this stuff. It’s now possible to put 72 CPU’s (cores) and 6 terabytes of memory into something that’s 4" tall, 17" wide and 25" long. Computers are the machine and the tasks they can accomplish increase everyday. Yes this will create lots of opportunities, however, many of the opportunities will be taken, you guessed it, by other computers. Soon computers will create a loop that’s never existed before. Computers will be able to fill the entire development cycle from design, manufacturing, selling, installation repair, upgrades and decommissioning. The jobs people have now in IT are quickly becoming limited. When I started in IT I had to know how to fix broken computers (troubleshooting), now all that a person has to do is plug a computer into the broken computer and it tells you whats wrong. The only thing computers lack is the appendages and mobility (arms and legs). So for now people carry computers place to place, but soon computers won’t need your help.
This is why I got out of design, administration and installation and now do sales. I’m betting that people will, no matter how good computers get, want to buy stuff from other people.
Are you certain that wasn’t simply out of a pre-disposition to that skill set & occupation? I ask, as I think you’re singing the swan song here a bit too soon.
Computers can diagnosis software trouble surely enough; but what about hardware? It can’t always perceive the smoking gun. It wasn’t a computer that replaced my laptop’s motherboard; and the repair tech’s own diagnosis suite wasn’t what told him that it needed replacing.
That came from opening my laptop up, and finding contacts along the usb ports had been damaged.
Computers equally aren’t diagnosing the YLOD and RLOD/BLOD PS3/4 and Xbox’s I’ve fixed. I’ve used their lights and error codes to tell me the nature of the problem, but I’m the one that troubleshoots to find the precise problem; then fixes it.
Equally; whatever diagnosis suite out there exists, a human has to design, develop, & maintain it. Computers won’t do that for us, because they’re not self-aware.
Very true, however, I will just add that there is likely to be a bigger jump in terms of the power of computing from today until the year 2025 (perhaps even sooner), than there has been from the day Intel invented the first integrated circuit to this point. Computers will eventually write their own software. They will learn from their environments and make their own corrections. As far as the hardware, you are correct. Today you and I are the fingers and arms that turn the screwdrivers and plug and unplug the different components. The reason computers don’t have their own arms and fingers is simply a question of cost and processing speed, both of which will be solved somewhere in the next 5-15 years (hard for me to say as I’m not in the business of studying tthis particular question, hence the wide range). I’m old enough that I really don’t have to worry…
But as to me? Did I sing the swan song too soon? Hell no. I moved into the industry of data storage in the late 1990’s. Back then the largest systems were capable of a few Terabytes and were directly attached to the computers they served. They were notoriously difficult to set up, maintain, administrate and upgrade. Today, systems like**EMC’s XIO** all flash arrays are connected via networks, are easy to install, virtually administrate themselves and can be set up and upgraded easily. You no longer need to hire senior engineers to spend months planning installation. They can be installed in just a few days by a person who just passed his A+ exam online.
As far as administration, this machine completely eliminates the need for the position I used to hold. My position was automated. Now not all storage has reached this point, yet, but by 2020, storage as it is today will be completely different. Gone will be the days of Storage arrays costing 100’s of thousands or millions of dollars. Platform 3 will use software to manage data on cheap commodity hardware and it will all run via inexpensive copper rather than more expensive fiber networks.
As far as the cycle of inspiration, design, build, deploy, administrate, upgrade, repair and decommission… It’s only a matter of time before machines own this entire cycle. Whoever reads this, if you are under 25-30, this is something you are going to have to live with.
For my current IT job(engineering stuff), I was competing against 200ish other applicants. For my last job that I also helped interview people for, we had to sift through around 300 applicants. This scenario played across all of our IT subdivisions, and it plays across all our subdivisions of my current place of employment as well.
The job market is brutal right now when it comes to IT. It’s an employers market, and we could easily pick highly overqualified applicants and lowball the hell out of them. They took it, because they know if they didn’t, we could so easily pick somebody that would.