Demographics Plus the Employment Population Ratio

St. Louis Fed writer William Emmons notes the chart is a function of population growth and the Employment-Population ratio.

What’s Driving This Outcome

  1. The older population (60 and older) grew much faster than the younger population (16-59). 
  2. The employment-to-population (E-P) ratio among those 60 and older increased significantly while the E-P ratio among the younger population declined, on balance. 
  3. The older population is likely to continue growing faster than the younger group. 
  4. The E-P ratio of the 60 and older group is likely to increase further as the health and educational attainment of older people continues to improve and the demand for older workers persists. 

The above points from Older Workers Accounted for All Net Employment Growth in Past 20 Years

Burger Biggie

This reminds me of something I said just before and during the great recession. Unfortunately, I cannot find a link but it went like this.

"Parents will be competing with their kids and grandkids for jobs."

Well here we are. 


When I grew up there was hardly anyone over the age of 50 working in fast food chains. 

Now? What percentage of fast food, Sam's Club, or Walmart greeters are under the age of 50? What percentage are part-time?

What About Employer Health Care Coverage?

Note that Health Care Coverage for part-time employees is optional.  

Those between the age of 60 and 65 cannot wait to reach the age of 65 so they can get on Medicare. 

Obamacare Impact

Thanks to Obamacare, younger workers pay more than their fair share as a subsidy to their parents and grandparents.

Push for $15 Minimum Wage

The push for $15 in minimum wage plus rapidly rising health care costs further incentivizes part-time work, overseas outsourcing, and robotics to eliminate the jobs altogether.

That's the rest of the story.


Employment Costs Surge 0.8% in Third Quarter but Year-Over-Year Unchanged

Employee compensation, wages plus benefits, rose at the fastest pace since the recession.

Examining the Discrepancy Between Jobs and Employment

In the past year, the BLS says the number of jobs rose by 2.62 million. Employment rose by 1.429 million.

St. Louis Fed: 60% of Jobs Automated in Next 20 Years (Spotlight Transportation)

A St. Louis Fed Study concludes 60% of St Louis Jobs face automation threats. 80% of transportation jobs will vanish.

Retirement Math: Median Mortgage Debt for those Over 65 Has Quadrupled

The number of those age 65 and older and the size of their debt have risen. It's the amount of debt that's the killer.

Real Wages Decline Year-Over-Year

Wages are not keeping up with consumer price inflation. The average worker is worse off than a year ago.

Three Massive Bubbles in 17 Years: When Will This One Bust? A 60% Decline Coming?

John Hussman's presents a message no one wants to hear because nearly everyone is too busy believing for the third time in 17 years that "It's different this time". Last week Hussman wrote about Valuations, Suff

November Jobs +228,000: Employment Only +57,000

The number of nonfarm jobs in November increased by 228K. The household survey says employment increased by only 57K.