by: Brent Smith at the Common Constitutionalist
No Audio Version
Have you ever wondered why America’s unemployment rate is so low.
Over the years, I’ve gone through the various methods the government uses to calculate the employment, or unemployment rate – the different categories like U-3 vs. U-6 and so on. Knowing the particulars of each, we are effectively able to prove what are crock the published “U3” unemployment rate is and how useless and misleading the most often used U-3 number is..
Within the U3 category, the government differentiates between being unemployed and not working. Well, that’s easy, you may say. Maybe those in the “not working” category are the stay-at-home-Mom types. My apologies to stay-at-home Moms, but you know what I mean.
You may think that but you’d be incorrect. The “not working” category are those who are so discouraged that they just stopped looking. They are not counted as being unemployed. Of course they are, but not according to the government. It’s why the unemployment rate is so low. It’s a bogus, or at best, a misleading number – and purposely misleading.
Logically then, one may ask just how all these millions of people have been surviving for all this time – sometimes years to generations, without employment – without a paycheck?
Well, they may not be employed, but they sure receive a paycheck, of sorts, courtesy of you and me. In fact, in some States, families bring in more money through 126 government “entitlement” programs than they would earn if employed.
I’ve personally heard more than a few times from prospective employees, that, “I can make more money on government benefits than I can working for your company.” It’s called a perverse incentive, and boy is that right. As bad as this sounds, it’s actually worst than most people think.
In the video below, Michael Tanner, Senior Fellow at the Cato Institute, explains just how out-of-control the “entitlement” system in America has become.
From Prager University: