Unworkable

Standing in line, marking time
Waiting for the welfare dime
'Cause they can't buy a job
--Bruce Hornsby & The Range

Today's headline employment numbers once again betray the true state of the job market. Driven in part by the mandates of Obamacare, full time positions continue to leave the system in favor of part time work.

Number of people not in the work force hit a record 93.6 million. The labor force participation rate is estimated at 62.6%, a level not seen since 1977.

Civilian employment to population ratio now stands at 59.3%.

Less people working. Those who are working are engaged in less productive activity. Less production to support a burgeoning welfare state.

This the Grecian Formula. It is also a predictable outcome of all socialistic designs.