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Before getting into the weeds on a CBS article warning of a “ Looming Showdown ” amid large numbers of critical workers who are refusing the mandated vaccination, it is worth setting up the accurate context for the details inside the discussion. There are 205 million legally eligible U.S. workers between 15 and 74-years-old ( census figures ) with a workforce participation rate of 61% ( BLS figures ) which would equal 125 million legally eligible workers. However, the Bureau of Labor Statistics puts the number of working Americans at 161 million workers ( BLS figures ). The majority of the difference between the two figures are most likely illegal alien workers (yeah, lots of them).
Approximately 40 percent of the eligible population are not working. Some people are single family income (wives or husbands who don’t work), and some are just people who choose not to work, cannot work or have not yet started to work (college etc). With somewhere between 125 million and 161 million workers doing the jobs that keep the country functioning, there are also approximately 10 million unfilled job openings.
According to the most recent statement from Joe Biden on October 14th : “W e’re down to 66 million — it’s still an unacceptably high number — of unvaccinated people from almost 100 million in July .” Approximately 60 million of those are within the current U.S. workforce.
If we split the difference (census -vs- BLS) and take the mid-point at 140 million workers, then 60 million workers refusing the vaccine mandate represents about 40 percent of the entire population of eligible workers. Put another way, in the best case scenario, if 60 million people quit working or were fired, the national unemployment rate would be at least 35% !
What we call the United States doesn’t function with 35% unemployment; systems of commerce start to collapse, then government, then civil society. The U.S. economy is currently functioning with 5% unemployment and 10 million unfilled jobs. Just imagine the economic impact of 35% unemployment and 70 million unfilled jobs.
Keep in mind, the vast majority of those 60 […]
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