John Lott's Website: The Illusionary Drop in Unemployment, how the drop in unemployment is due to people leaving the work force, not them getting jobs
Update:
Some simple addition
- add the unemployed to the working aged adults not in the labor force and you
have about 102 million. Add to those the total local, state, and federal
civilian employees and you get 122.78 million adults not working, or working
in government (takers). Add in uniformed military personnel and you get 124.28 million. Finally subtract these government employees from the 144.386 million working
adults and you get 122.29 million working in the private sector
(producers). In other words, our nation has a ratio of 122.29 million producers
to 124.28 million takers. Add in children, and every person working is
supporting 2.57 people including himself/herself.
This reminds me of the astute comment by Frédéric Bastiat :
The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else.
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