@Noahpinion, you're one of the few economists I know. I hope you don't mind q's. I'm endlessly curious re your field. How do you guys measure for people who are in jobs they don't like? Like, say I'm a civil engineer working 40 hrs/week at Starbucks. Does that show up in some #s?
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Oh perfect, thank you!
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Workforce participation still not back to par, 62.7 https://data.bls.gov/timeseries/LNS11300000 …
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Interesting coincidence, began aging around crisis. Participation rate for workers >= 65 had been increasing 1988-2007. Other factors likely. https://www.bls.gov/spotlight/2008/older_workers/ …pic.twitter.com/GqdB9ZgiZP
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The decline in disability rolls is not due to exits from improved health or returns to work, but rather new awards and mechanical exits from the disability to retirement program at the full retirement age. In 2015, nearly half a million exits were mechanical.pic.twitter.com/7cMC9BuyxC
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'Underemployment' in other words. Automation could cause highly skilled people (lawyers, even) to take jobs that are available, not making use of their education. How do we account for that? Do we?
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Disability insurance as UBI.
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Kind of funny how the growth kept going during the early-mid 2000s, though. Not sure what that means.
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Fuller employment. Still think we have a ways to go
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Proving that many people were receiving DI fraudulently.
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Could be. Could also be that disabled people are better able to find work now. Some employers look at any disability as a complication for them even when with a little accommodation the person could do the job.
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When we get there.
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…interesting.
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It’s interesting that nothing happened in the early 00s. Wonder why things were different after the last recession?
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Ah yes now I can find a job I’m magically not disabled any longer
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