the world. when we look at where we are economically and we are a stronger economically we have been in history. steve: historic. best in the world. maybe in their world but not in the real world it is the reality this labor day weekend joe biden america is working. yes it is true the unemployment rate is low but the main reason the rate is low because so many americans stopped looking for work just this week we saw the latest figures for job openings way ahead of expectation nearly an all-time record spinning this with good news people are hiring. no. they cannot find people to do the work one of the reasons why we have runaway inflation. look at this we keep focusing on this because it is so important the labor participation rate is still the lowest outside of the pandemic shut down for 45 years is just over 60 percent that means 40 percent of americans of working age are not working. that s not just an economic disaster but social disaster study after study has shown hav
the world. when we look at where we are economically and we are a stronger economically we have been in history. steve: historic. best in the world. maybe in their world but not in the real world it is the reality this labor day weekend joe biden america is working. yes it is true the unemployment rate is low but the main reason the rate is low because so many americans stopped looking for work just this week we saw the latest figures for job openings way ahead of expectation nearly an all-time record spinning this with good news people are hiring. no. they cannot find people to do the work one of the reasons why we have runaway inflation. look at this we keep focusing on this because it is so important the labor participation rate is still the lowest outside of the pandemic shut down for 45 years is just over 60 percent that means 40 percent of americans of working age are not working. that s not just an economic disaster but social disaster study after study has shown hav
maybe in their world but not in the real world it is the reality this labor day weekend joe biden america is working. yes it is true the unemployment rate is low but the main reason the rate is low because so many americans stopped looking for work just this week we saw the latest figures for job openings way ahead of expectation nearly an all-time record spinning this with good news people are hiring. no. they cannot find people to do the work one of the reasons why we have runaway inflation. look at this we keep focusing on this because it is so important the labor participation rate is still the lowest outside of the pandemic shut down for 45 years is just over 60 percent that means 40 percent of americans of working age are not working. that s not just an economic disaster but social disaster study after study has shown having a job for the most important building blocks of the help happy and flourishing life battle for families and communities and our entire country but
demand me to bring back jobs from china president trump led the way with the decades long establishment consensus to hollow out the heartland and it did not matter now in the opposite direction with typical incoherence using the defense production act to boost jobs in china and perhaps more important is increasing the supply that means dropping our costly and self-destructive obsession with sending every young american to work indoctrination factories also known as universities and equipping the next generation with the skills they need to be productive workers in the private sector enterprise economy trump understood this
important work of raising a family we should not make assumptions about which parent stays home in which goes out to work. but we all know from our personal experience we have many people who could work and should work but the cushion of stay-at-home subsidies if today we have labor force participation another 20 million americans would be working. how do we move in that direction? for start we can run the economy with trump the average earnings taking account of inflation was up eight.7 percent under biden they have fallen more than 5 percent that needs to change but beyond that we need a pro- worker policy agenda for real and with any economic problem it breaks down into supply and