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The Devastation Of America's Working Class

Tyler Durden's picture




 

After years of exposing, month after month, the truth about the US labor market - its conversion into a part-time (in 2010!), low-paying job market where Millennials refuse to work (as the job market reality is gruesome so instead they opt to load up on record amount of student loans) and where older Americans, instead of enjoying retirement are forced right back into the labor force leading to record numbers of workers over the age of 55 (thanks to ZIRP crushing the value of their savings and a refusing to participate in an HFT- and central-bank rigged stock market), the mainstream media, having grown tired of spinning the bullshit optimistic propaganda, has finally moved to the "tinfoil" side, and has done something it normally wouldn't touch with a ten foot pole. Tell the truth.

Enter the NYT with a shocking dose of truthfulness, one which goes to show just one thing: how over the past decade, notwithstanding the tripling of the S&P from its post-Lehman lows on the back of $11 trillion in central bank liquidity, America's working class has been not only skewed beyond recognition, but is now absolutely devastated. And all thanks to the Federal Reserve skewing the value of money so much that those who should be working aren't, and those who should be retiring, are serving you Starbucks.

Here are the facts, long overdue but facts nonetheless, from the NYT:

  • At every age, the chances of not working have changed in the last 15 years.
    • Teenagers are far more likely not to work.
    • Older people are retiring later and working more.
  • In the late 1960s, almost all men between the ages of 25 and 54 went to work. Only about 5 out of every 100 did not have a job in any given week. By 2000, this figure had more than doubled, to 11 out of every 100 men. This year, it’s 16. 
  • About 13 percent of the increase in prime-age nonworkers, including a substantial fraction of the younger ones, comes among people who say they are in school.
  • Much of the school-related rise in nonwork, at least since 2007, appears to be less about staying in school than it is about not being able to find part-time jobs (don't tell that to the trillion+ in student loans though).
  • Some men in school say they would like to be working part time but they’ve given up looking for a job. Others may stop going to school entirely if they could find a job, or if the college wage premium were smaller.
  • About 20 percent of the new nonworkers say they are disabled, a category whose numbers have risen particularly for workers above age 50.

And the really important part, the one that goes to the entire debate about the collapsing labor force. Bottom line: it's not because baby boomers are retiring (as we have shown time after time). In fact, quite the opposite:

  • Among prime-age workers, early retirement has increased slightly since 2000. Far more drastic changes have occured among workers 55 and older, who have been doing the opposite and putting off retirement.

Of course, this being the liberal NYT, spin was once again unavoidable:

  • The decline of traditional pension plans and rising education levels, which are associated with less physically demanding jobs, may both help explain why the elderly are working longer.

A token pretty chart that shows everything said above:

That's the NYT's version. Here is our far simpler chart that says all that and more.

And here, with a 2 year delay, is the NYT admitting what we said back in 2012 in "55 And Under? NoJob For You"

Some countries have developed policies that encourage older people to leave the labor force, so they do not “crowd out” younger workers. But studies across countries and time suggest that crowding-out may not actually be a problem. Economies do not appear to have a fixed number of jobs. When more older people are working, they are earning money that they will then spend in ways that may create more jobs for young people, for example. Even if this is the case, though, the rise of elderly employment in recent years has not provided enough of a lift to put more young people back to work.

And so on.

We won't waste your time on the rest (you can read it here The Vanishing Male Worker: How America Fell Behind) for the simple reason that once again, we said all of the above and much more years in advance. That said we commend the mainstream media, especially those who are ideologically alligned with the current administration, for finally daring to tell the truth.

 

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Fri, 12/12/2014 - 15:36 | 5545549 LawsofPhysics
LawsofPhysics's picture

Reinstate conscription, ASAP.

Fri, 12/12/2014 - 15:39 | 5545567 Tsar Pointless
Tsar Pointless's picture

Better idea: All wars should be put to a popular vote. All who vote in favor of going to war must immediately report for basic training and proceed to head to the front lines. This includes any/all government officials who push for wars.

I'd la-la-love to see that happen.

Fri, 12/12/2014 - 15:52 | 5545613 zaphod
zaphod's picture

> Some men in school say they would like to be working part time but they’ve given up looking for a job.

It used to be that if you didn't have a job, you didn't eat. Surprise that once you took that motivator away more and more people opt to not work.

Fri, 12/12/2014 - 16:02 | 5545639 Ying-Yang
Ying-Yang's picture

"are forced right back into the labor force leading to record numbers of workers over the age of 55"

A bunch of people will really be pissed when women "over 55" end up working in strip clubs!

Fri, 12/12/2014 - 16:21 | 5545729 booboo
booboo's picture

ADA was way out in front of this with mandated wheel chair ramps up to the dancer pole

Fri, 12/12/2014 - 16:35 | 5545786 kliguy38
kliguy38's picture

welcome to the new slave class sheeple. Oh you doubt this is planned? hehehehe

 

http://en.wikipedia.org/wiki/Agenda_21

Fri, 12/12/2014 - 17:34 | 5546182 SeattleBruce
SeattleBruce's picture

Forget about 'a day late, and a dollar short.'  For the NYT it's 2 years late, and a fe Tr. $$s short...

Fri, 12/12/2014 - 20:45 | 5546844 Ballin D
Ballin D's picture

Interesting that the millenials are at fault for the job market they inherited ("refuse to work") while the author provides nothing but excuses for the boomers that cant retire because the rigged market screwed them (the same market that they helped rig and reaped the benefits from for decades).

Fri, 12/12/2014 - 18:44 | 5546459 mkkby
mkkby's picture

Uh, dumb fuck... war HAS been put to a popular vote.  You volunteer you have voted with your life and limb.  It doesn't get any clearer or freer than that.  Since Viet Nam, if you don't like war, just stay home.

Fri, 12/12/2014 - 16:01 | 5545644 DoChenRollingBearing
DoChenRollingBearing's picture

True dat, + 1

Fri, 12/12/2014 - 16:10 | 5545689 James_Cole
James_Cole's picture

It used to be that if you didn't have a job, you didn't eat. Surprise that once you took that motivator away more and more people opt to not work.

That's true, but the article points out: 

There are about 10 million prime-age men who are not working, but there are only 4.8 million job openings for men and women of all ages

45 percent of men who said they had looked in the last year, large majorities said that to get a job they would be willing to work nights and weekends, start over in a new field, return to school or move to a new city.

Heads up zh'ers:


 The poll found that 85 percent of prime-age men without jobs do not have bachelor’s degrees

“I lost my sense of worth, you know what I mean?” Mr. Walsh said. “Somebody asks you ‘What do you do?’ and I would say, ‘I’m an electrician.'”

“But now I say nothing. I’m not an electrician anymore.”

Bleak stuff, but that's only going to get more common...

Fri, 12/12/2014 - 16:25 | 5545743 zaphod
zaphod's picture

Yes, and that is what happens when crony capitalists are able to export and sell every factory out of the US and into China. 

Fri, 12/12/2014 - 16:55 | 5545913 James_Cole
James_Cole's picture

Yes, and that is what happens when crony capitalists are able to export and sell every factory out of the US and into China. 

 

And why shouldn't they be able to? Crony or not, in a free society that doesn't care too much about the welfare of foreigners, companies should be able to send their manufacturing to whatever hell hole they wish as long as it's profitable. 

Everyone who's looked at this since the dawn of time is aware that capitalism breaks down when it stops operating on a local / community benefit basis. When profits are derived in large part from labour arbitrage & operating in 'flexible' regulatory environments your population is in trouble. But until people recognize their livelihoods are ultimately based on their neighbours welfare, this will get worse. Easy to blame those at that top, but everyone is responsible. /rant

 

Fri, 12/12/2014 - 18:58 | 5546508 Son of Loki
Son of Loki's picture

Make no mistake: The American middle class is in trouble.

 

The first decade of the 21st century produced two recessions and two “jobless recoveries,” and when it was over, the vast majority of Americans found themselves no better off than they were a quarter-century ago. Median income kept falling for several years, even after the Great Recession ended.

 

http://www.washingtonpost.com/sf/business/2014/12/12/why-americas-middle...

Fri, 12/12/2014 - 21:13 | 5546936 Bananamerican
Bananamerican's picture

"crony capitalists are able to export and sell every factory out of the US and into China. And why shouldn't they be able to? Crony or not, in a free society that doesn't care too much about the welfare of foreigners, companies should be able to send their manufacturing to whatever hell hole they wish as long as it's profitable. 

wtf?

Everyone who's looked at this since the dawn of time is aware that capitalism breaks down when it stops operating on a local / community benefit basis. When profits are derived in large part from labour arbitrage & operating in 'flexible' regulatory environments your population is in trouble. But until people recognize their livelihoods are ultimately based on their neighbours welfare, this will get worse. Easy to blame those at that top, but everyone is responsible."

This.

confusing little ole comment  there JC

Sat, 12/13/2014 - 11:00 | 5547940 den1313
den1313's picture

Isn't that what happens when corporate taxes become excessive? All costs including labor have to be considered to be reduced to offset the cost of government? Also, it would help if control of the company was returned to shareholders instead of gangster bankers.

IMHO, corporations should not be taxed beyond the local community. In other words, as usual, it is the Federal government that is the destroyer.

Sat, 12/13/2014 - 11:55 | 5548048 Bobbyrib
Bobbyrib's picture

Youre referencing one part of the article where an ex-union employee is quoted. If you read the whole article, he has gotten fired from multiple jobs and has had an excuse for each one. It seems to me, the union used to cover up for his lazy, incompetent ass.

Fri, 12/12/2014 - 16:55 | 5545920 XqWretch
XqWretch's picture

Lol... yeah the reason why employment has been eviscerated is because were giving people 100-200 a month for food stamps... sounds good

Fri, 12/12/2014 - 16:15 | 5545712 ejmoosa
ejmoosa's picture

I also think all members of Congress should be required to do active tours of duty in the combat  zones annually.

We can call them "Legislative Soldiers" and they can report back(if they survive) to both Congress and the American people what they have experienced first hand, and if this is really worth it.

 

Fri, 12/12/2014 - 16:19 | 5545722 ebworthen
ebworthen's picture

I like it.  And on the front line with the grunts.

After 55 it would be harder to carry that gear.

Fossils like Hatch and Pelosi would have to find a real job or go to retirement acres.

Fri, 12/12/2014 - 18:50 | 5546476 mkkby
mkkby's picture

All the people have to do is NOT VOLUNTEER.  War ends tomorrow.

Sat, 12/13/2014 - 00:29 | 5547473 Real Estate Geek
Real Estate Geek's picture

Fuck yeah; and none of that hiding in the bunker bullshit.  Make each of those pricks take point for a couple of patrols.

Fri, 12/12/2014 - 18:27 | 5546390 Freddie
Freddie's picture

Send McCain and Feinstein first.  I think there will be a lot of fragging in the ranks.  Not fracking but fragging.

Fri, 12/12/2014 - 18:50 | 5546469 mkkby
mkkby's picture

McShitStain already served you fucking moron.

Fri, 12/12/2014 - 19:21 | 5546592 Tall Tom
Tall Tom's picture

Then that torture ravaged, brain damaged, poor excuse for a human being needs a reminder of war's horror you fucking moron (since you like to use the ad hominem).

Fri, 12/12/2014 - 20:54 | 5546873 bitterwolf
bitterwolf's picture

simple fix...reinstate the draft with no EXEMPTIONS and peace will break out fucker

Fri, 12/12/2014 - 23:25 | 5547318 Implied Violins
Implied Violins's picture

Yeah? Well that fucker should serve again because he did THIS:

http://www.topix.com/forum/who/cnn/TIPHLLITR99DU2OKV

He needs to make amends, not only for his mistakes but for every single person who DIES because of ISIS or whatever the hell they are called these days.

Front line that mofo...

Sat, 12/13/2014 - 03:43 | 5547640 exonomic halfbreed
exonomic halfbreed's picture

to Freddie: lets not send McCain, he night be captured and squeel on his buddies.

Fri, 12/12/2014 - 16:54 | 5545914 Emergency Ward
Emergency Ward's picture

Make the politicians recruit and pay for their troops with their own money.  The most powerful Imperial Forces would be commanded by the likes of Kerry, Pelosi and Feinstein.   CHARGE!

Fri, 12/12/2014 - 16:53 | 5545915 El Gringo
El Gringo's picture

The wars could pretty much be eliminated if we eliminated Israel and the worldwide Jewish Rat population.

Fri, 12/12/2014 - 17:31 | 5546160 venturen
venturen's picture

and we are attacked we push the corwards to the front? Or use them as collateral for hostages.

Sat, 12/13/2014 - 01:15 | 5547535 Miggy
Miggy's picture

Of course the definition of war changes. Its all in the semantics. If what you say was implemented the definition of "front lines" would change to a desk in DC.

 

John 3:16

Fri, 12/12/2014 - 15:57 | 5545578 813kml
813kml's picture

The youngsters need to work off some of those EBT Cheetos before they're fit to become cannon fodder.

Fri, 12/12/2014 - 17:21 | 5546073 rejected
rejected's picture

When I "served" in the 70's I actually watched a very good technician get drummed out of the Marines for a weight problem. Today he would be classified as thin compared to the EBT Cheeto crowd.

Fri, 12/12/2014 - 18:39 | 5546424 Freddie
Freddie's picture

Private Pyle got the same shit but he got even with gunny.

https://www.youtube.com/watch?v=BzSsLiBPX38

Docuhebag gunny voted for Obama in real life like a dumb ass.

You Tube running army recruitment videos.  Poor American kids.  No jobs, no future just the chance to get blown up for banksters in some god forsaken place.

Fri, 12/12/2014 - 15:44 | 5545585 Bell's 2 hearted
Bell's 2 hearted's picture

The Broder Plan

 

seriously.  David Broder a few years back pitched the idea of going to war with iran as a means to give young people a job.

 

nothing amazes me anymore

Fri, 12/12/2014 - 15:52 | 5545610 kchrisc
kchrisc's picture

"Reinstate conscription, ASAP."

Actually they will/are. It is called the ReadyReserve.

http://www.freerepublic.com/focus/f-news/2485607/posts

They will probably have brown shirts as a uniform.

An American, not US subject.

 

And you better know your evangelical Christian rhetoric well: Forgive, but avenge. Love, but hate. Don't kill, send others to kill. Israel über alles.

Fri, 12/12/2014 - 15:58 | 5545629 Eagle Keeper
Eagle Keeper's picture

ReadyReserve aka DHS/TSA

Fri, 12/12/2014 - 16:12 | 5545699 chubbar
chubbar's picture

OT, but check out Gordon Duff speaking at the Damascus Conference on Terrorism! Holy shit does this guy have balls! Completely calling out the US Gov't and Israeli control over congress. John McCain gets tagged as the father of Al Nusra and ISIS. Great stuff!

https://www.youtube.com/watch?v=jE2_qmlKFVU&list=UUaMH8-gD-ZYyC93vY6GlnCQ

Fri, 12/12/2014 - 17:35 | 5546174 Paveway IV
Paveway IV's picture

My biggest beef with John Brennan and the CIA isn't that they used torture (which is bad enough in it's own right).

It's that they spent billions fighting imaginary al Qaeda terrorists in every corner of the globe supposedly to protect the US. Thanks for nothing.

In the mean time, congress has been thoroughly usurped by a foreign power - Israel - which also wields undue influence in our judicial branch and the FBI. Worse of all, the CIA has failed to detect and failed to warn of the threat of Israeli influence in the senior Department of Defense ranks.

Therefore, the CIA has failed miserably to protect the U.S. constitution at its core. It's either gross negligence, utter incompetence or they, themselves, have been infiltrated by agents of Israel. We know the NSA has been owned by Israel for years. That makes our entire intelligence community part of the problem, not part of the solution. 

People can cry about political influence in the intelligence community as much as they want. Nobody cares. History will remember that people like John Brennan were asleep at the God damn switch before the train went off the tracks. He sold out both the CIA and the USA to Zionist oligarchs - he's a filthy traitor to his country.

Sat, 12/13/2014 - 03:48 | 5547643 exonomic halfbreed
exonomic halfbreed's picture

Gordon says some good things but he is still (like chomsky) a disinformation distributor leading the controlled oposition.

Fri, 12/12/2014 - 21:15 | 5546943 Parrotile
Parrotile's picture

> Reinstate conscription, ASAP.

Be careful what you (maybe subconsciously) wish for. If Sergei Lavrov's correct re. "European future". you might be seeing your wish become reality soon enough.

http://sputniknews.com/politics/20141014/194055094/Lavrov-EU-Supported-Ukrainian-Party-of-War-Regardless-of-Their.html

Fri, 12/12/2014 - 15:38 | 5545561 Turdy Brown
Turdy Brown's picture

Day late and a dollar short.

 

Fuck the bought and paid for MSM!

Fri, 12/12/2014 - 15:40 | 5545572 Bell's 2 hearted
Bell's 2 hearted's picture

has the Smithsonian decided on what artifacts to put into its "middle class worker" exhibit?

Fri, 12/12/2014 - 15:54 | 5545618 oddjob
oddjob's picture

Fuck the Smithsonian, they will teach future generations that the middle class never existed and people have always been poor.

Fri, 12/12/2014 - 16:47 | 5545880 El Gringo
El Gringo's picture

They should just have the "curators" of the Holohoax museum run it.  They're good at telling huge lies.

Fri, 12/12/2014 - 23:29 | 5547332 Implied Violins
Implied Violins's picture

Yup. Those fuckers burn every skeleton in our/their closet (especially if it's over 8 feet tall). They tell a version of 'history' that has been cleansed of anything REAL.

Sat, 12/13/2014 - 12:11 | 5548081 Bobbyrib
Bobbyrib's picture

Please tell me you are being sarcastic.

Why would Germany apologize for a hoax? What do they get out of it? Certainly not their gold..

Fri, 12/12/2014 - 15:41 | 5545576 kchrisc
kchrisc's picture

For those that know about and understand the machinations and desires of Zionism and the Zionists:

"Feed and maintain the cow so long as you can milk the cow. Slaughter and eat the cow when the milk runs dry."

"Care, milk, slaughter, eat."

An American, not US subject.

Fri, 12/12/2014 - 23:33 | 5547342 Implied Violins
Implied Violins's picture

Orwell warned us, with "Animal Farm." Some say that book was a warning about Zionism...

Fri, 12/12/2014 - 15:41 | 5545579 Hongcha
Hongcha's picture

Traitorous Administration, from NAFTA to the present.  

Fri, 12/12/2014 - 15:57 | 5545630 p00k1e
p00k1e's picture

Traitorous Administration, from December 15, 1791 (Amendment X) to the present.

Fri, 12/12/2014 - 15:57 | 5545632 11b40
11b40's picture

Why start at NAFTA?  How about Nixon/Kissinger opening China and running a dagger through the heart of what was left of the gold standard?

Sat, 12/13/2014 - 00:41 | 5547491 Real Estate Geek
Real Estate Geek's picture

Nixon?  OK, but only if we include LBJ. 

Fri, 12/12/2014 - 15:44 | 5545591 ebworthen
ebworthen's picture

"The decline of traditional pension plans and rising education levels, which are associated with less physically demanding jobs, may both help explain why the elderly are working longer."

ROFLMAO!  Which means there will be an impoverished and starving senior generation with framed PhD's, no pension, and Social Security garnished to pay off student loans!

Fri, 12/12/2014 - 15:45 | 5545592 Bell's 2 hearted
Bell's 2 hearted's picture

that giant sucking sound has been ringing in my ears for years

Fri, 12/12/2014 - 15:50 | 5545605 PAWNMAN
PAWNMAN's picture

CNBS hasnt thrown in the propaganda towel yet. The theme for the entire day is how great low oil prices are for consumers. Can't wait to tune in when the markets finally breaks to watch these charlatans squeal!

Fri, 12/12/2014 - 15:53 | 5545615 Bell's 2 hearted
Bell's 2 hearted's picture

haven't watched cnbc in years

 

but i watched a lot in 2008

 

summer of 2008 Kudlow would take on all bears and how great things were ... didn't throw in the towel till september ... 10 months after recession started (NBER official arbiter doesn't make recession call till deep into or afterward)

Fri, 12/12/2014 - 18:55 | 5546496 mkkby
mkkby's picture

Let's not be too sure lower oil prices won't have a positive effect.  According to bears and ZH, high and low oil prices both destroy the world.  One of those has to be wrong.  Let's use some brain power here.

Fri, 12/12/2014 - 19:56 | 5546721 Tall Tom
Tall Tom's picture

You may want to look in the mirror with that suggestion of using brain power.

 

What do you know about Stability and Boundary Conditions? How well did you perform in your Differential Equations class?

 

When all boundaries have been violated so that the Three, Four, and Five Sigma events are more common, currently, than what used to be within the norm, then the predictive modeling is no longer applicable as it no longer FUNCTIONS.

 

Furthermore a stable environment is required when building, or repairing, any structure, whether it is a building, or an economy.

 

Thus Oil Prices, when either too high, or too low, have VIOLATED THE BOUNDARY CONDITIONS which leads to INSTABILITY, which in turn leads to STRUCTURAL FAILURE and SUBSEQUENT COLLAPSE.

 

However the shallowness of your posts demonstrate your total lack of understanding of the RUDIMENTARY.

 

And since you lack the understanding of the rudimentary it is no surprise that you fail at understanding the depth of the DYNAMICS of the more complex Partial Differentials which are employed in the modeling.

 

Now you can be assured that mayybe, there might be just one in fifty, in the General Population, that may understand what I have authored. My wager is that more than one in fifty on this forum will understand it. It is a much elevated ratio here.

 

But I am certain that you do not. I do not even think that you can define functional. (And that makes this delivery even sweeter.)

 

SO TAKE A GOOD FUCKING LOOK IN THE MIRROR.

 

What a maroon!!! (Thanks Bugs)

Fri, 12/12/2014 - 15:52 | 5545612 Blythes Master
Blythes Master's picture

"We unretired some folks."

Fri, 12/12/2014 - 15:54 | 5545620 p00k1e
p00k1e's picture

'Millennials refuse to work'

 

Hey, that's a rerun... 'Blacks refuse to work'

Fri, 12/12/2014 - 16:58 | 5545938 El Gringo
El Gringo's picture

We should all refuse to work "official" jobs since most of it goes to Jewish rats and their pets like niggers and wetbacks.  I'm sick of it and I'm sick of their nanny-state tyranny. 

Fri, 12/12/2014 - 15:58 | 5545625 Creepy A. Cracker
Creepy A. Cracker's picture

"About 20 percent of the new nonworkers say they are disabled,..."

Where do I find the list of "doctors" who gladly rubber stamp Social Security Disability forms for able-bodied people?  What does one get paid for not working while taking from others? Ahhh... the stress-free life of an Obama voter.

Fri, 12/12/2014 - 15:58 | 5545634 Hapte
Hapte's picture

"Voting matters I'm a fucking retard"

- Stupid Creepy ass Dude

Fri, 12/12/2014 - 16:00 | 5545636 Creepy A. Cracker
Creepy A. Cracker's picture

Exceptionally brilliant and lucid reply, sweetie.

(LOL! You can't make this stuff up!)

Fri, 12/12/2014 - 16:02 | 5545650 Hapte
Hapte's picture

Don't you claim to be a rocket scientist?

...Talking about not making stuff up.

Faggot.

Fri, 12/12/2014 - 17:15 | 5546038 rejected
rejected's picture

And for every "win" the lawyers are paid by the Social Security Admin.

Sat, 12/13/2014 - 04:00 | 5547647 exonomic halfbreed
exonomic halfbreed's picture

to creepy: you know those commercials where some lawyer asks if you have been denied  disability benefits?  They receive approximately 25 percent of what is awarded to their clients.  Gee I wonder if those lawyers have anything else in common besides a J.D. degree.  Perhps they worship at the same facility. Maybe they have some common ancestry.

Fri, 12/12/2014 - 15:59 | 5545633 A Lunatic
A Lunatic's picture

Fucking Baby Boomers........

Fri, 12/12/2014 - 16:00 | 5545643 Hapte
Hapte's picture

The greatest generation I hear...

Fri, 12/12/2014 - 16:16 | 5545714 Ruffmuff
Ruffmuff's picture

Hey fuck you. We baby boomers are considered and respected "consumers".

Fri, 12/12/2014 - 16:34 | 5545795 Hapte
Hapte's picture

Aren't you a pig lover?

"Seriously, obey the  law and shut the fuck up."

-This faggot above

Fri, 12/12/2014 - 16:45 | 5545850 PresidentCamacho
PresidentCamacho's picture

baby Boomers, the generation of babies that blew up the united states. Never had a real day in reality land , "hey i worked my way through college and bought this house and car and had 6 kids with my job i got out of high school you lazy fucks go get a stiff handshake and tell a guy your an honest worker like i did"

 

Ya, most entitled generation ever. Can't wait till all their "investments" turn to ash. I'll be there to sell or barter their daughters for long pork.

 

Fri, 12/12/2014 - 16:58 | 5545940 Ralph Spoilsport
Ralph Spoilsport's picture

Our daughters have their own kids now. You're probably one of them. Gotta Plan B?

Fri, 12/12/2014 - 17:17 | 5546051 PresidentCamacho
PresidentCamacho's picture

birth controls for suckers, obama got our back , free phones and mo money for each one i get carrying my seed, no chance of work let the boomers raise em.

Fri, 12/12/2014 - 19:00 | 5546515 mkkby
mkkby's picture

Whiney vagina boy, shut up and finish waxing my car.  I can easily replace your non skilled ass with an illegal if you get to snippy.

Sat, 12/13/2014 - 12:21 | 5548109 Bobbyrib
Bobbyrib's picture

You mean your spoiled princesses? I would never marry an American woman. 99% of them will lose their shit when the crash of our debt ridden, service based economy hits.

Fri, 12/12/2014 - 16:07 | 5545678 Ying-Yang
Ying-Yang's picture

Do you have parents or are you a petri dish baby?

Fri, 12/12/2014 - 16:18 | 5545716 bbq on whitehou...
bbq on whitehouse lawn's picture

Now you know what happened to the baby thrown out with the bathwater.

Fri, 12/12/2014 - 17:12 | 5546024 rejected
rejected's picture

Saved the money just like they said, then they took interest to zero and destroyed the value of the money,,, I'd recommend you take your anger to those that caused this, namely Auntie Yellen and the Bernak.

Oh, by the way,,, I work for a 'very large' telephone company. Half of the force (20-30,000) is now gone, many through retirement,,, To my knowledge they have not replaced one of those retired.

And hey, how did re-electing Obomber work out for you?

Fri, 12/12/2014 - 16:03 | 5545646 Bill of Rights
Bill of Rights's picture
" He gave us a phone, he's gonna do more Romney Sucks! "

https://www.youtube.com/watch?v=7ASlIUIW_uk

 

Fuck'en Dopes...

Fri, 12/12/2014 - 16:05 | 5545663 The Shape
The Shape's picture

Good thing all those good paying oil jobs saved us.

Fri, 12/12/2014 - 16:09 | 5545684 Bill of Rights
Bill of Rights's picture

Especially those shovel ready ones......Still waiting.

 

Fri, 12/12/2014 - 16:06 | 5545677 Son of Captain Nemo
Son of Captain Nemo's picture

Before WWIII gets underway, will we all be entertained with Lloyd Blankfein and Jamie Dimon in a duet crooning "My Way"?...

Fri, 12/12/2014 - 16:07 | 5545681 Duc888
Duc888's picture

 

 

 

....nonsense, I see green sprouts, sharts and shits everywhere...

Fri, 12/12/2014 - 16:12 | 5545700 besnook
besnook's picture

do tell!(my favorite gay remark) if the nyt is trying to tell its formerly erudite(and wealthy) readership(the key to the old sat) something about the starving masses the setup is in for a cash drop. the tell is the "not enough jobs for old people to create young people jobs" argument. wtf! the old people are taking young people jobs because the millenials are useless. baby boomers are the last of the old school work ethic and our parents worked twice as hard as we do/did.

they have to have some rationale to present to the political class that will convince them a beggar nation is a good nation. let the cash spigot open.

Fri, 12/12/2014 - 16:25 | 5545746 Ruffmuff
Ruffmuff's picture

The millenials are useless if they want to be.  My son has his masters in engineering, bought a house cash, no more student loans bla bla fucking bla.

The truth is, YOU ARE WHEREVER YOU PUT YOURSELF.

He bitches about trying to help his comrades with his other businesses, those with DUI's.   Ron White had nailed, you can't fix stupid.  

If you want to be at the bottom of the barrel, then you can own that condition. Or give the cops in Ferguson a hard time and see what happens next.

 

Fri, 12/12/2014 - 16:52 | 5545900 TVP
TVP's picture

You sound like a spoiled brat who has had a full-time job his entire life.  

Student loan forgiveness (income-based repayment) was introduced in 2011, first time in history, due to millions defaulting on their loans.  That has never happened before.  

To chalk up what's going on to personal lack of motivation just makes you an ignorant prick.   

edit:  I don't know why I dignified a troll with a response.  Won't do that again.

Fri, 12/12/2014 - 19:11 | 5546549 mkkby
mkkby's picture

His lazy entitlement attitude is exactly why illegals do so well here.  It's beneath little princesses like them to work hard.  They've been told their whole life they were special little snowflakes.  The truth must hurt.

I know people who started out with no college degree and started out doing dirty, sweaty work for low pay.  They stubbornly kept at it for years until they proved their worth and gained skills.  One is vice president of the company where he started at the bottom.  Another stated a business and made millions.

Losers like this will never succeed like that.

Fri, 12/12/2014 - 16:40 | 5545715 Hongcha
Hongcha's picture

Not having work is crippling the entire generation of white men.  Believe it.  The blacks are ok with it and the Mexicans are getting paid to move here.  They are fine, trust me.  It's the white guys who cannot move out of their mom's basement, that have to go wheedling to mom & pop for spending money, who don't have cash for the clothes and cars to attract women, who are finding the conditions here in sold-out ZOG'd out Amerika to be oppressive as Hell.  No wonder they turn to medical marijuana, meth and riding skateboards around.  It would suck being of HS or college age at this time in Amerikan history.  

NYC and the left coast may be doing a little better but that is regional.  It's flyover-Amerika that is suffering.  Rant off.

Fri, 12/12/2014 - 19:18 | 5546578 mkkby
mkkby's picture

It has nothing to do with race or region.  The losers are sitting on their asses, leeching off of mom and making excuses.  The winners found jobs, probably not the ideal job, but worked hard and moved up the ladder.

The losers are fucked for life.  Even if the economy comes roaring back, nobody is going to hire a shit headed 35 year old with no work experience.  The college degree spoils like lettuce after a year of inactivity.

Sat, 12/13/2014 - 12:43 | 5548164 Bobbyrib
Bobbyrib's picture

The crash will wipe rhat smirk right off your face.

Sat, 12/13/2014 - 12:48 | 5548173 sethstorm
sethstorm's picture

Talk about pessimism to the extreme.

At some point, those employers will all but have to.

 

Fri, 12/12/2014 - 16:21 | 5545726 JenkinsLane
JenkinsLane's picture

We Third Worlded some folks and we're working on Third Worlding the rest of the 99%.

Fri, 12/12/2014 - 16:23 | 5545731 Gringo Viejo
Gringo Viejo's picture

The day the MSM "tells the truth" is the day I shit in my hat.

Fri, 12/12/2014 - 16:25 | 5545745 SickDollar
SickDollar's picture

when the MSM start speaking a little bit of truth, it means we are Fucked and something big is cooking around the corner

Fri, 12/12/2014 - 16:28 | 5545757 capltd
capltd's picture

Here's one campaign promise Obama kept - "wealth redistribution" because he never said how the wealth would be redistributed

Fri, 12/12/2014 - 16:28 | 5545761 Yen Cross
Yen Cross's picture

  I think that 5.8% unemployment rate is missing a (1) in front of it.

Fri, 12/12/2014 - 16:31 | 5545772 Fun Facts
Fun Facts's picture

"it was an accident"

insincerely,

The Syndicate

Fri, 12/12/2014 - 16:33 | 5545777 JR
JR's picture

“America is bleeding herself dry so that corporate executives and shareholders can live the high life on bonuses and capital gains resulting from exploited foreign labor and the destruction of the American middle class.” – Paul Craig Roberts

Paul Craig Roberts, who often cites Tyler Durden, writes for those “who do not want to be deceived by lies” as does ZH.

Writes Roberts:

Everything we hear from the US government, the puppet governments of its vassal states, and the presstitute media is a lie. Truth is the declared enemy of the West. Those who try to tell the truth do so at cost to themselves. These costs can range from exclusion and slander to watch lists to prosecution and imprisonment. Brave people like Julian Assange, Edward Snowden, William Binney, and Bradley Manning have paid an extremely high price for standing up for truth against evil.

The question is: Is truth more powerful than the sword or is truth just an inconvenience and a threat to a reassuring life of delusion?

But lies and deception do serve a purpose, just as they did in the U.S.S.R. In his December 7 jobs report analysis, Robert nails it:

“In the 21st century ‘democratic’ Western policymakers have brought about an extraordinary concentration of income and wealth in elite hands, while subjecting the vast majority of Western populations to financial stress.

“The ladders of upward mobility have been taken down. A new aristocracy of wealth has been created along with a militarized police state to defend the aristocracy’s interests. A political-economic-social system has been created in the West in which only the elite have a stake.

“This stake is based on a house of cards. The utterly corrupt central banks of the West, a collection of gangsters, have kept the house of cards standing longer than I thought possible. But it will be a historical first if a house of cards stands forever. The derivatives exposures of four American banks exceed by several times the world GDP. There is no way these exposures are covered by the banks’ capital or by their depositors deposits.  

“Wall Street and the presstitute media have manufactured the impression that all is well, and those fools driven by greed have gone along with the manufactured impression. But the facts are otherwise.”

http://www.paulcraigroberts.org/2014/12/07/another-fabricated-jobs-report-paul-craig-roberts/

Fri, 12/12/2014 - 17:23 | 5546104 Sub MOA
Sub MOA's picture

So when do we turn isreal into a sheet of glass and begin hunting these rats all over the globe ?????     Who wants to start a crowd funded new army ...now thats a worthwhile investment, the returns would literally be astronomical (disclaimer: critical thinking involved to reallize the power of the "investment/ return")

Fri, 12/12/2014 - 16:39 | 5545810 TrumpXVI
TrumpXVI's picture

We devastated some folks.

 

 

 

I wish we could just get to the part where the rest of us can finally say, "We guillotined some folks."

Fri, 12/12/2014 - 16:37 | 5545821 nobodysfool
nobodysfool's picture

We skewered a few folks.

 

Fri, 12/12/2014 - 16:41 | 5545835 franzpick
franzpick's picture

The only time the corporateers and their hired legislators will hear the truth of their doomed scam is when Mr. Market tells them its over, like maybe starting now:

http://www.investing.com/indices/us-30-futures-advanced-chart

Fri, 12/12/2014 - 16:40 | 5545842 Mi Naem
Mi Naem's picture

We demasculated a few folks. 

But don't worry, we're not done yet.  We are here to help. 

Fri, 12/12/2014 - 16:44 | 5545855 dexter_morgan
dexter_morgan's picture

we looted some goyim

Fri, 12/12/2014 - 16:44 | 5545860 CitizenPete
CitizenPete's picture

Ah, to live up in the first cars of the Snow Piercer Train.

Fri, 12/12/2014 - 16:47 | 5545884 Ban KKiller
Ban KKiller's picture

When "you" had that "boating accident" wherein you lost your "cargo" did you make an insurance claim or police report? 

Truth is long, long gone in America. I found that out November 1963 when my father, a lifer Marine, said he didn't think it was a single shooter. Ol' dad grew up poor and knew how to shoot. The Marines taught him the rest...via Korea and Vietnam. So when "the dad", who KNOWS ALL is confused and upset I knew the truth was dead.

Fri, 12/12/2014 - 16:54 | 5545926 franzpick
franzpick's picture

The daily NYSE game of catch-the-falling-drillpipe never even got started today, and here we are down 300. Hey Tyler - Mr. Market is starting to talk.

 

Fri, 12/12/2014 - 17:18 | 5546064 Barley Burnside
Barley Burnside's picture

I know times are rough.. that's why I make 150 dollars a day working my ass on the corner with a sign that reads "To lazy to work, can't find job. need money for hookers and blow" people roll down their window and chunk $ at me laughing and yelling "yeah man, rock on, you da man, get sum, i like your style, hell yeah!!! etc We are screwed as a nation...lol

Fri, 12/12/2014 - 19:19 | 5546589 mrpxsytin
mrpxsytin's picture

You're on a slippery slope. Next thing you know 'working my ass on the corner' will take on a whole new meaning...

Fri, 12/12/2014 - 17:22 | 5546085 CHX
CHX's picture

Bullish ?

Fri, 12/12/2014 - 18:04 | 5546299 mrpxsytin
mrpxsytin's picture

We currently have a bricklayer shortage in Western Australia. It's a great job for a young man to get a start in life. Plenty of young Irish men have already made the move over here to find employment. Do the American men have the balls to do the same?

Australia's future main export is going to be real estate. So the demand for construction workers is here.

Fri, 12/12/2014 - 18:52 | 5546483 homiegot
homiegot's picture

I don;t think there are many bricklayers left in America that are not illegal? You take illegals?

Fri, 12/12/2014 - 19:16 | 5546574 mrpxsytin
mrpxsytin's picture

I know Americans are stupid, but surely they are not too stupid to learn to lay bricks? Here in Aus we have bricklaying schools. The minimum IQ entrance score is 80, which I know cuts out most Americans, but because the shortage is so severe they may be willing to waive the entry requirements. 

Fri, 12/12/2014 - 20:49 | 5546853 83_vf_1100_c
83_vf_1100_c's picture

This stupid Southerner American learned one thing. Word to the wise, you are better off laying your own damn bricks.

Fri, 12/12/2014 - 18:29 | 5546386 exartizo
exartizo's picture

...not sure why they think that some poor old 55+ year old guy would work to give any of those (not all of them) thankless lazy Ikids with overblown egos a paycheck?

Fri, 12/12/2014 - 18:50 | 5546477 homiegot
homiegot's picture

I started reading it and then stopped while reading about the electrician that sits on his ass all day with his lazy fat-assed wife waiting for his union to dole out a job. Pathetic.

Fri, 12/12/2014 - 21:03 | 5546904 theyjustcantstop
theyjustcantstop's picture

sorry, younger generation, the public school system lied to 99% of you, for 1-16 yrs..

1% is how many make it in professional sports, other occupations, and useful political, or crony govt. jobs, where you can get rich doing what you want.

oh, and once you leave school your not all equal, your suppose to be different, everyone legally has a right to obtain equal work, for equal pay, your participation medal isn't worth anything in real life.

pre-school, and kindergargen, this is where americas facist govt. agenda, of socializing americas labor force starts, unionize every worker, every worker is equal, every workers gets equal pay, this is the agenda.

sheep are easier to herd than eagles.

 

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