For me, a decline in the average number of people per household working full-time for wages to 1950s levels (as such) would be good, and a decline to 1700 levels would be even better. But it's only viable if it's accompanied by the elimination of barriers to self-provisioning in the informal, household and p2p sector, the radical deflation of monopoly rents from the price of stuff that still has to be bought on the cash nexus, and the creation of new horizontal networks for pooling risk and income as a substitute for the state- and employer-provided safety net. On Sun, Jan 26, 2014 at 7:50 PM, Michel Bauwens <[email protected]>wrote:

---------- Forwarded message ---------- From: Dante-Gabryell Monson <[email protected]> Date: Sun, Jan 26, 2014 at 10:15 AM Subject: Economy ? Reading in between the lines ? ( hocus pocus bogus ? ) To: "[email protected]" <[email protected]>, " [email protected]" <[email protected]> Cc: Michel Bauwens <[email protected]>, Kevin Carson < [email protected]>

*US : " Those not in the labor force will soon equal the number of people with full-time jobs "*

*http://www.oftwominds.com/blogjan14/bogus-stats1-14.html <http://www.oftwominds.com/blogjan14/bogus-stats1-14.html>*

Here's the unemployment rate. If the downtrend continues (and it will, as long as the participation rate keeps going down), the unemployment rate will soon be 3%, regardless of how many people have full-time jobs they can live on.

The participation rate (percentage of the population in the labor force) will soon be at levels last seen when the typical household only had one employed adult:

Those not in the labor force will soon equal the number of people with full-time jobs (around 115 million):

*This is what happens when the Status Quo is incapable of reforming itself or recognizing reality: propaganda and bogus statistics are substituted for actual solutions.*

-- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net

<http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation>Updates: http://twitter.com/mbauwens; http://www.facebook.com/mbauwens

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