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Originally posted by: BobOrme
The USA has a net population increase of 1 person every 11 seconds. That also means a similar number of people achieve working age at the same rate (added to migrant influx, also included in the net population increase calculation). These would all be people entering the workforce, or eligible to enter the workforce. 60 seconds times 60 minutes times 24 hours times 365 days = 31,536,000 seconds a year. Divide that by 11 and you have 2,866,909 new entries into the nation's workforce every year. If nobody retired or quit working for any reason, a sluggish economy creating 14 million jobs over 7 years would fall short of 20,068,634 needed just to keep up with new people entering the workforce. Given that people do retire, are fired, quit working due to injury or death, your 14 million job economy number is absolutely pathetic. It shows an economic decline that is being promoted as positive by people who don't have a clue.
Originally posted by: BobOrme
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Originally posted by: pjstroh
Obama's biggest accomplishment...
- 14 million job economy
The USA has a net population increase of 1 person every 11 seconds. That also means a similar number of people achieve working age at the same rate (added to migrant influx, also included in the net population increase calculation). These would all be people entering the workforce, or eligible to enter the workforce. 60 seconds times 60 minutes times 24 hours times 365 days = 31,536,000 seconds a year. Divide that by 11 and you have 2,866,909 new entries into the nation's workforce every year. If nobody retired or quit working for any reason, a sluggish economy creating 14 million jobs over 7 years would fall short of 20,068,634 needed just to keep up with new people entering the workforce. Given that people do retire, are fired, quit working due to injury or death, your 14 million job economy number is absolutely pathetic. It shows an economic decline that is being promoted as positive by people who don't have a clue.
It's hard to turn around a train when it's going over a cliff. The Great Recession resulted in 800,000 jobs being lost every month in 2009. I guess that was Obama's fault too.