• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

White Men (Still) Can't Work

Tyler Durden's picture




 

While The White House's Jason Furman glistened in the after-glow of a falling unemployment rate this morning (and a very modestly improving labor-force-participation rate) despite dismal real job creation (which must be due to the weather - but is not!), we thought it perhaps of note that a very large segment of American - White men aged over 20 saw their labor force participation rate drop to a new record low.

 

 

h/t @Not_Jim_Cramer

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Fri, 02/07/2014 - 21:18 | 4414029 surf0766
surf0766's picture

das racist !

Fri, 02/07/2014 - 21:24 | 4414050 LetThemEatRand
LetThemEatRand's picture

It is ironic that "das racist" sounds German.

Fri, 02/07/2014 - 21:51 | 4414106 James_Cole
James_Cole's picture

I'm really looking forward to when the uber rich job creators valiantly step in and order millions of yachts to fix all the unemployment problems. I know they’re waiting until after obamacare is disbanded, but it’s like Christmas, can’t come too soon!

After that hopefully Congress gets its act together and arrests all the undocumented workers + removes minimum wage so white folks (And their slacker kids) can work for a couple bucks an hour out on the farm. You'll see charts like the one above reverse themselves beautifully. 

These are great times folks, don't let the charts mislead you!

Fri, 02/07/2014 - 21:58 | 4414122 Crawdaddy
Crawdaddy's picture

The uber rich are preoccupied with their Sochi rituals and their Eyes Wide Shut parties. "Progress" will have to wait.

Sat, 02/08/2014 - 00:04 | 4414401 Jumbotron
Jumbotron's picture

SShhhh......Kubrick was probably assasinated over his unveiling of the "Eyes Wide Shut" parties and the elite who participate.  Was it fiction or a "mockumentary"?

Sat, 02/08/2014 - 00:58 | 4414483 Northern Lights
Northern Lights's picture

Agreed.  That and Space Odessy 2001 and The Shining.

Sat, 02/08/2014 - 12:21 | 4415029 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Keep bringing in cheap foreign labor. Go ahead. Make your workforce incompetent. Destroy your economy.

Fri, 02/07/2014 - 21:58 | 4414123 john39
john39's picture

In the NWO, equality will finally be achieved by crushing all cattle down to the lowest common denominator.

Fri, 02/07/2014 - 23:52 | 4414372 toady
toady's picture

Some cattle are more equal than others.

Sat, 02/08/2014 - 10:53 | 4414850 SWRichmond
SWRichmond's picture

Yes.  The war on white men continues unabated.  There is a significant recruiting opportunity there for the resistance: white males who have been robbed of their families and futures by the leftists and the feminists.

Freedom's just another word for nothing left to lose.

Sat, 02/08/2014 - 16:04 | 4415476 HulkHogan
HulkHogan's picture

Ever notice how in EVERY t.v. commercial the white man is a total idiot? Then a women or child (usually a girl) comes in and corrects the idiotic thing the white man did. And it's okay because "white men rule the world" or whatever.

Fri, 02/07/2014 - 21:58 | 4414125 boogerbently
boogerbently's picture

How many months in a row now have we had less jobs created but falling unemployment?

Must be victims of public school math.

Sat, 02/08/2014 - 00:06 | 4414404 Oldwood
Oldwood's picture

We either close our borders and adopt full blown protectionsim, or accept world wage competition. Only a fool thinks you can have world trade without world wage. We are all Mexicans now and lucky we haven't all already become Chinamen.

Sat, 02/08/2014 - 00:26 | 4414442 EscapingProgress
EscapingProgress's picture

OMFG. Autarchy destroys economies. This is Econ 101. If the states and central banks of the world would get out of the way and stop regulating us to death and destroying our wealth through inflation the world would be much wealthier, healthier, and happier.

Sat, 02/08/2014 - 01:09 | 4414501 Oldwood
Oldwood's picture

So you think American's wages are falling due to regulation? You think you can buy virtually everything you consume from a foreign country and still have a job? Our government's only job is to protect American's from foreign invasion and unfair trade. They effectively do neither. We see them impose heavy rules on American business, but also high taxes and enable unions to destroy industries while they hold the borders and trade channels wide open. Don't get me wrong, I don't support government intervention in domestic markets, but international markets are a different story. We used to have protectionist trade tariffs and also trade surpluses AND a relatively balanced budget. We funded almost our entire budget with protectionist tariffs. Now we have the highest corporate taxes in the world, effectively creating a negative protectionist trade policy where we tax OUR businesses while not taxing imports AT ALL. To have 100% free trade we will have to compete with the lowest wage paid, anywhere in the world. Is that what you want? Our government's answer is to give exemptions to their most favored corporate entities, leaving all others to twist in the wind, and then thinking up more ways to fuck those with a business or a job in the ass. They have been fucking us with free trade and open borders for years. I'm sick of it.

Sat, 02/08/2014 - 16:24 | 4415543 roadhazard
roadhazard's picture

uh, Unions have pretty much been deballed. Only 6% of the US workforce is Unionized. Amazing it's the Unions that destroy the country. Give me a fucking break.

PS: I have never been in a Union.

Sat, 02/08/2014 - 00:49 | 4414474 GOSPLAN HERO
GOSPLAN HERO's picture

Dat be rayciss.

 

Sat, 02/08/2014 - 07:15 | 4414677 surf0766
surf0766's picture

I have never heard it said in a German accent.

Sat, 02/08/2014 - 02:26 | 4414566 Frank -THE COIN -
Frank -THE COIN -'s picture

Its not Racist ! it is a PLAY on the MOVIE " White Men Cant Jump " . Woodie Harrellson, Wesly Snipes ( a Black Man ), had a Basketball adventure together. This was a Clever Play on words , to convey relevent info.

Sat, 02/08/2014 - 08:45 | 4414735 Mister Kitty
Mister Kitty's picture

Being white is overrated.  I'm as pale as Casper, but I don't have to nickels to rub together.  Bitches.

Fri, 02/07/2014 - 21:19 | 4414033 DeusHedge
DeusHedge's picture

Good pull, but back pre 70's race was still an issue.

Fri, 02/07/2014 - 21:20 | 4414036 knukles
knukles's picture

Thank God it's not now!

Fri, 02/07/2014 - 21:28 | 4414056 LetThemEatRand
LetThemEatRand's picture

And Thank God TPTB didn't deliberately select a black dude to foster said "now" racial tension issues.

Fri, 02/07/2014 - 22:45 | 4414223 Yes_Questions
Yes_Questions's picture

 

 

or create an astro-turf "movement" designed to reingratiate fucking troglodytes into polite society.

Sat, 02/08/2014 - 08:49 | 4414739 nmewn
nmewn's picture

Or drill even further down and discover 16-19yr old black teens are sitting at 38% unemployment with a fully employed "black president" (with a pen & a phone, presumably) sitting in the WH right now, waiting on their beck & call.

http://www.bls.gov/news.release/empsit.t02.htm

Teflon Don Obama...lol.

Sat, 02/08/2014 - 10:22 | 4414797 crunchyfrog
crunchyfrog's picture

You spout a good line of bullshit, but here's the real Dixie. The kind of losers you're fronting for:

 

https://www.youtube.com/watch?v=x4soqZaxEYA&feature=youtu.be

Sat, 02/08/2014 - 11:15 | 4414876 nmewn
nmewn's picture

lol...sorry dude, the metrosexual, Justin Beiber style hairdo is a dead giveaway as to who this guy really is and where he's from. People in my neck of the woods of Dixie would have this little prissies head mounted on the wall inside their man cave and regale everyone with how their dogs bayed him up a tree just before dropping him.

Care to try again?

Fri, 02/07/2014 - 21:42 | 4414089 Crawdaddy
Crawdaddy's picture

Can't work, can't jump. Fuck it. Tax strike!

Fri, 02/07/2014 - 23:58 | 4414385 toady
toady's picture

I just finished my income taxes. Third year in a row paying ZERO!

Tax strike indeed!

Now, on the other hand, property taxes are killing me!

Sat, 02/08/2014 - 10:35 | 4414818 Panem et Circus
Panem et Circus's picture

It will come at some point soon. Not soon enough, but I think next year you will see some.

Sat, 02/08/2014 - 16:28 | 4415545 roadhazard
roadhazard's picture

Only as much as a person wants it to be.

Fri, 02/07/2014 - 21:19 | 4414039 Ignatius
Ignatius's picture

Look out.  The last time a bunch of white guys needed work....

Well, you know the stories.

Fri, 02/07/2014 - 21:25 | 4414053 kragsquest
kragsquest's picture

Too bad some of the internet addicts can't be paid on the basis of how much they jerk off to porn; a few would be millionaires!

Fri, 02/07/2014 - 22:45 | 4414226 Yes_Questions
Yes_Questions's picture

 

 

I'd be able to afford a fully automatic nail gun..

 

 

Sat, 02/08/2014 - 05:41 | 4414651 Yenbot
Yenbot's picture

Which begs the question: would you shoots yoosef wid it? Seven times?

Fri, 02/07/2014 - 22:59 | 4414258 Poor Grogman
Poor Grogman's picture

New meaning of pay per view

Please stop giving .gov ideas .

Sat, 02/08/2014 - 00:04 | 4414396 toady
toady's picture

They do. It's called the SEC.

Fri, 02/07/2014 - 21:28 | 4414055 Davilis
Davilis's picture

Wow, you truly can goal-seek any assertion through graphs and pseudo-statistics.  Another low point in the latest misinformation from zh.  The economy MUST be getting better if we are this desparate for articles!

Fri, 02/07/2014 - 21:34 | 4414068 random shots
random shots's picture

The original Tyler's checked out long ago.

Fri, 02/07/2014 - 21:35 | 4414076 IridiumRebel
IridiumRebel's picture

You're right. Let's head over to NBC and see what they have to say.

Fri, 02/07/2014 - 21:35 | 4414074 IridiumRebel
IridiumRebel's picture

The economy is so bad that Exxon laid off 25 Senators. 

 

 

 

 

 

I'll be here all week. Try the veal.

Fri, 02/07/2014 - 22:48 | 4414231 Yes_Questions
Yes_Questions's picture

 

 

funny right there

Sat, 02/08/2014 - 14:55 | 4415297 sylviasays
sylviasays's picture

....and they were promptly hired by one of obozo's green energy companies that are financed with tax payer's dollars.

Fri, 02/07/2014 - 21:27 | 4414060 gwar5
gwar5's picture

Who the Eff is gonna pay for 20 million illegal aliens to get Obamacare when all the old reliable YT's are already tapped out and can't even pay for their own?

The unemployment numbers are all hogwash along with everything else. I'm afraid to check Shadowstats this month.

 

 

Fri, 02/07/2014 - 21:34 | 4414066 IridiumRebel
IridiumRebel's picture

http://www.shadowstats.com/alternate_data/unemployment-charts

There ya go.....I'll get some tissues.

Fri, 02/07/2014 - 22:51 | 4414239 Yes_Questions
Yes_Questions's picture

 

 

yay!  the people on the blue line are winning!!

 

yay!

Fri, 02/07/2014 - 21:29 | 4414061 Dre4dwolf
Dre4dwolf's picture

went to a new wendys foodchain opening and 100% of the employees and even the manager were black, white people get discriminated against you telling me not even one white guy showed up to apply lol? i find ithard to believe but just...maybe

Fri, 02/07/2014 - 21:33 | 4414072 LetThemEatRand
LetThemEatRand's picture

So if black people work at a Wendy's and white people live off the trough it's because the blacks are discriminating?  It's that kind of logic that makes my brain explode.

Sat, 02/08/2014 - 03:50 | 4414615 Dre4dwolf
Dre4dwolf's picture

come on, when you have fifteen black employees and not even one white guy/gal . . . . someone is discriminating....... would be the same if it was reversed....... not saying that you shouldnt hire all employees from one color or w.e just saying its clearly obvious they were looking to employ people with black skin as a preference, because its obvious.

Sat, 02/08/2014 - 15:22 | 4415310 sylviasays
sylviasays's picture

Let's try some more of that logic to make LetThemEatRand's little pea brain to explode! How about if Mexican illegals work at McDonald's and Asian people live off the trough it's because the blacks are discriminating! KABOOM! 

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