If you isolate workforce participation by white males, the only segment with full access to the labor force farther back than the 80's, you get a steady downward trend for as long as we've kept that measurement.https://fred.stlouisfed.org/series/LNS11300028 …
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Declining workforce participation may just be a feature of an affluent society.
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could be that we reached that handoff point where falling participation rate at top of age range is being offset by growing participation at bottom end of age range.
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along my running theme of "Boomers are Evil" it feels like Boomers were staying in their jobs as long as possible post-2008 and basically holding up advancement for the succeeding generations, i.e. GenXers not getting promoted as quickly, Millenials being stuck at bottom longer
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When's the next expansion coming out?
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I don’t think it’s a coincidence that non participation rates stopped increasing at the same time that median household income finally beat its previous highs.
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Given that we have seen an explosion in the number of jobs requiring a license, I have long wondered whether the declining LFPR is something of a measurement error with more people working off the books.
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I suspect a lot of non participants are actually unemployed, in both the UK and the US more flows into work come from olf rather than u
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