Unemployment - What's Wrong

Power Line Blog has an article complete with graphics that describes the ongoing fiasco fairly well. Here's one:

In a normal economy, the graph would be inverted with the younger workers being added to the work force and us older geezers dropping out. In Obamas world, the older workers don't need employer provided healthcare once they go on Social Security and even at the higher rates they command, are cheaper than the younger ones.

Add to this the economic certainty that the older workers are going to be on average wealthier than the younger ones if only by virtue of having socked away some of their earnings over the years. Thus the (relatively) rich get richer while the poor get poorer. Good thing the administration opposes that sort of thing.

The other down side is that we older workers frequently have the younger unemployed living in our basements.

Updated: Forgot to include the link.