From Zero Hedge: Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low

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At this pace the people out of the labor force will surpass the working Americans in about 4 years.

The entire article can be read here.

What happens to a welfare state when there are not enough working people paying taxes to support it? Frankly, I don’t know exactly what will occur, but I am sure that there will be social upheaval. I have no intention of staying in the US to witness how events will unfold. I prefer to watch from the comfort of Singapore or Fiji or Chile or …

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