Have you looked at a population pyramid lately? The percentage of Americans of prime working age has been steadily declining for the last 15 years.
BLS population stats say otherwise. The prime working age (25-54) pool isn't declining at all, in fact its numbers have
increased since the Baby Boomer generation:
http://www.bls.gov/cps/cpsaat03.htm
2015 stats for total Labor Force -
Millennials 25-34: 34,647
35-44: 32,603
45-54: 33,902
Baby boomer age 55-64: 25,954
Now look at the unemployed numbers:
Millennials 25-34: 1,905
35-44: 1,351
45-54: 1,259
Baby boomer age 55-64: 978
One other number that caught my eye.
Age 25-64 out of the labor force: 23957+8511=32,468
Age 65+ out of the labor force: 37,708
So people of working age 25-64 out of the labor force almost = as many senior citizens 65+ out of the labor force. That is fucked up.
It's also disturbing that Millennials 25-34 are unemployed at a 1/3~ higher rate relative to the other 3 working age cohorts. And this isn't even including the 16-24 group which would equate to another 2,100 unemployed. Adding them together, the 16-34 age group has 4,372 unemployed which represents
52.7% (4372/8296) of all unemployed in the country among all ages. That's a pretty high rate of unemployment for these young folk.
Furthermore, Census projects that we'll continue to experience a
population increase that holds steady through 2050. So this will only get worse if the trend of young people not being able to find work holds:
Hence why we are seeing younger people going for Sanders/Trump more, many don't have a job and/or are just sitting at home so may as well hope for free shit or more jobs. To make matters worse,
half of baby boomers are reluctant to retire which are preventing the other cohorts from advancing into those baby boomer positions which would open more jobs for the 16-34 cohort. Not to mention people of working age sitting at home as if they're already senior citizens. This economy is only going to get worse unless we can coax more jobs to the states, or increase welfare dramatically for everyone. I'd rather try to get companies to come to the states before the welfare option, and if we do increase welfare make it EITC based so people have more incentive to actually work.