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Actually I feel like this is all I’ve heard about since ~2010, especially in context of men falling behind women. It’s like the post-recession secret that everyone keeps (re)discovering.
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Not rediscover. Anyone who pays attention has known this forever, the mystery is why it doesn't go mainstream. And you're clearly not normie here :)
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There has been a lot of attention paid to U3 vs U6 businessinsider.com/jan-hatzius-st Which rate people prefer to talk about has a lot to do with whether their party is in power, if they favor stimulus, extending unemployment, etc.
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In demographically challenged countries, such as Finland, it is talked about quite a lot as a motivation for why benefits get worse and well-paid people should not downshift despite progressive tax leaving them with marginally higher income, cause you need to take it for the team
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Because we already knew leading-edge Baby Boomers were reaching retirement age, which was going to drop participation rates? Same with women joining the workforce increasing rates in '70s-'80s?
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