The Boomer Retirement Meme is a Big Lie
By Jim Quinn
As the labor participation rate and employment to population ratio linger near three-decade lows, the mouthpieces for the establishment continue to perpetuate the Big Lie this is solely due to the retirement of Boomers. It’s their storyline and they’ll stick to it, no matter what the facts show to be the truth. Even CNBC lackeys, government apparatchiks, and Ivy League educated Keynesian economists should be able to admit that people between the ages of 25 and 54 should be working unless they are home raising children.
In the year 2000, at the height of the first Federal Reserve induced bubble, there were 120 million Americans between the ages of 25 and 54, with 78 million of them employed full-time. That equated to a 65% full-time employment rate. By the height of the second Federal Reserve induced bubble, there were 80 million full-time employed 25 to 54-year-olds out of 126 million, a 63.5% employment rate. The full-time employment rate bottomed at 57% in 2010 and still lingers below 62% as we are at the height of a third Federal Reserve induced bubble...
Read the rest here:
https://www.lewrockwell.com/2016/04/jim-quinn/feds-lie/
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