Imagine a family farm, which is run by two older patriarchs and the families of their offspring. Now picture that the total amount of potential workers living on that farm is 6 out of a total of 10 people living there, with two being the elder parents, four being their two children and their wives, and the other four being grandchildren too young to account for much in labor.
Now imagine that one of the four adult children is unable to be employed because the patriarchs can’t afford to pay for their labor. And added to this is the fact that the two ultimate parents have limited capacity to work and are available only part time.
This is a microcosm of the American labor system today. And this example is validated by a new report out that shows that nearly one fourth (23%) of all able bodies Americans between the ages of 23-54 are unemployed, and offering little in the way of production for the overall U.S. economy during the prime capacity of their working lives.