Bill over at CR was making slow progress in accepting the new reality of working longer and at greater rates into old age but appears to have relapsed.
This is hopefully going to put the issue to rest. It won't of course because there is a strong need to deny just how radically the US job market has changed and worse how much worse it compares to most of the rest of the developed world. In this respect it is as much an embarrassment as is how we treat retirement.
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I was debating someone yesterday about this. The person thought it was all perfectly normal. Since we're living longer, more people would "voluntarily" want to work longer.
Offered me a long-term chart showing the trend reversal starting in about 1990. I offered a chart showing our trade deficit since 1990.
He mocked the idea. Said they weren't related at all. This was the point I decided to give up and walk away. I met an elderly McDonalds employee not all that long ago. I'm fairly sure she wasn't "volunteering" her time in the name of charity. Sigh.
I find no pleasure in debating disrespectful eternal optimists. As they say, it's like trying to teach a pig to sing. Frustrates you, annoys the pig.
For me, life's to short to waste it. That's one reason I have a hard time visiting the comments at CR. There's a lot of anger in there and it can easily rub off on me. That can be a lot more depressing than I find the economy to be. It reminds me how fast a society can turn on itself.
Living longer is working out great for the wealthy especially since inheritance taxes got cut in the inflation days. Accumulation for the win.
The wealthy elderly are NOT at McDonald's.
Speaking of dead pigs... yeah, it is really circling the drain and it isn't KP or Mary or Belmont. It is the people there who lack the backbone to stand up and say something.
Rob Dawg,
"The only thing necessary for the triumph of evil is for good men to do nothing." - Edmund Burke
I feel that I'm trying to do "something" on my blog. Let's just say that if I lived in China then I would be imprisoned for much of what I write.
I doubt anyone has ever been imprisoned for spreading optimism though. Funny how that works. In sharp contrast, criticism of authority is never safe and often dangerous.
Best to criticise early and often, or the right to do so could easily vanish.
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