In response to:

Obama’s Dismal Record on Jobs, Explained with Common Sense

rchrusniak Wrote: Jan 17, 2013 12:05 PM
Obama has done nothing for the first four years and will do nothing double for the second four years. Someone wake me up when it is 2016, if the country is still operative and we are not overrun by the Islamists and communist liberals.

Economists may not agree on much, but we all agree that economic output is a function of capital and labor. Ask a Keynesian, a Marxist, an Austrian, a monetarist, or any economist, and they’ll all agree that living standards are determined by the quality and quantity of these two factors of production.

So it should be very worrisome that there has been a big drop in the share of the population that is employed. Here’s a chart produced from Bureau of Labor Statistics data, showing labor force participation during the 21st Century.