The Real Unemployment Number: 102 Million Working Age Americans Do Not Have A Job

 

Did you know that the number of working age Americans that do not have a job right now is far higher than it was during the worst moments of the last recession?  For example, in January 2009 92.6 million working age Americans did not have a job, but we just found out that in May the number of working age Americans without a job increased to just a shade under 102 million.  We’ll go over those numbers in more detail in a moment, but first I want to talk a bit about the difference between perception and reality.  According to the bureaucrats in the federal government, the “unemployment rate” in May was the lowest that we have seen in 16 years.  At just “4.3 percent”, we are essentially at “full employment”, and so according to them anyone that really wants a job should be able to find one pretty easily. Continue reading

China to end one-child policy

China has decided to end its decades-long one-child policy, Xinhua news agency reports.

All couples will now be allowed to have two children, the state-run news agency said, citing a statement from the Communist Party. Continue reading

California’s water crisis is coming soon to the rest of America

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As drought, flooding, and climate change restrict America’s water supply, demands from population growth and energy production look set to increase, according to a report from the U.S. Government Accountability Office.

These two changes squeeze our natural water reserves from both directions. The stress is becoming clear and will soon manifest as water scarcity problems all over our country. Continue reading

India’s dangerous ‘food bubble’

Grain production is up, but wells are going dry from the unsustainable use of irrigation water.

In recent years about 27 million wells have been drilled, chasing water tables downward in every Indian state. Even the typically conservative World Bank warned in 2005 that 15% of India’s food was being produced by overpumping groundwater. The situation has not improved, meaning that about 190 million Indians are being fed using water that cannot be sustained. This means that the dietary foundation for about 190 million people could disappear with little warning. Continue reading

Is Europe on the verge of demographic collapse?

A spectre is haunting Europe – the spectre of demographic suicide. Although the consequences of such a turnout could not be more serious, the problem attracts little public attention – indeed, most people may not even be aware of it. And experts can neither explain the cause nor prescribe a reliable remedy. The story is outlined in Population and Public Policy: Essays in Honour of Paul Demeny, published by the New York-based Population Council (2013). Continue reading

China in 2030

This week, the World Bank issued “China in 2030,” a major report that calls for dramatic economic reforms to maintain China’s current rate of growth. In his opening remarks at the launch conference in Beijing on February 27, World Bank chief Robert Zoellick noted that China faces a number of challenges in the coming years, including a rapidly aging population, resource pressures, environmental issues, and rising inequality.

The report warns that China is at a “turning point in its development path,” and needs a new development strategy. It calls for six changes:

1.      Structural economic reforms

2.      Focus on innovation;

3.      Emphasis on “green” development

4.      Improve social security system;

5.      Strengthen the fiscal system; and

6.      Become a more active global stakeholder.

Full article: China in 2030 (The Diplomat)