Friday, December 08, 2006

Fear Mongering and Population Numbers

The graph below is from the Department of Labor & represents the number of Americans working from December 1948 until November 2006.
You will see the graph indicates a much larger segment of the population in the working force.
The consistent media in 55% of the working population until the Reagan revolution, in which salaries starting to feel the lack of purchasing power declining a 32% by 1986. At that point, is a clear that an increment coming from the women segment to integrate in the labor force at a much lower pay ratio.
The last ten years employment is running at 64% of the population that is a 17% increase in the labor force since 1948.
The next issue that affect employment ratios is Social Security, with a larger working population and increasingly lower pay outs from Social security it is clear that for the next 60 years, at least that is the real data at hand, Social Security has more contributors per person today that it had in 1985 with lower pay outs.
I think the present debate about teh solvency of social security has to do more with hos the contributions should be impose, managed and collected than the solvency of the Social Security system.
The proponent of Social Insecurity have a lot to gain from it but fear mongering is not a decent tool to change a system that supports our elders peace.



No comments: