Everything in your life is a reflection of a choice you have made. If you want a different result, don't blame someone else, or expect others to make a change, you should stop complaining and make a different choice. Remember, the circumstances of your birth don't determine the outcome of your life.
The reason we have been seeing a steeper decline is because the baby boomers started retiring in mas around 2009 and are continuing to retire in larger percentages.
but also note that the sharp decline in the lfpr seems to have stopped around 9 months ago. Once we get down to below 5% unemployment, which is considered by most economist to be the full unemployment rate, employers will have to start competing harder for workers, and worker compensation should start to rise faster than the inflation rate, thus luring some of those younger workforce dropouts back into the labor force.
"God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
-C G Jung
Seriously, look at what happened in agriculture during the past 100 years. We went from spending something like 90% of human labor on growing, gathering and hunting food, to something around 2%. It used to take 10 farm workers to support 12 people, not it takes 1 farm worker to support 50 people.
Not only is the trend towards more per human work hour production increasing, it's increasing at a faster and faster rate.
Do you believe that Bill Gates is a moron, or has he been spot on in forsight of future technological trends? If you believe that he has a good understanding of technology and it's growth rate and the results of it, then you would probably agree with the prediction that he made a few months back. He predicted that in 20 years, there will be no more poverty on earth, with the exception of a few countries who's political/social system basically ensure poverty. Bill Gates Is Crazy Optimistic About Ending Poverty - Businessweek
That's just the partisan protect Obama version of why the Labor participation rate is down.
The Janet Yellen false narrative that lets Obama off the hook.
Ask yourself what kind of Political ideology would condone the purposeful misinterpretation of economic data for the purposes of Political expedience ?
What type of ideology would seek to marginalize the Millions of Americans who are continuing to struggle under Obama's economic policies because they need to perpetuate a false narrative of recovery and economic success ?
Its a great example of just how dangerous ideologues can be. How you can a President and his administration address a economic crisis if he refuses to recognize its existence ?
Poverty rates for Black Americans are 27 percent. The highest in the Nation and other minorities aren't far behind.
For Americans in General , Poverty has risen to 16.5 percent under Obama and Millions of American Families are finding it harder to make ends meet as the American middle class continues to shrink.
Almost every economic indicator contradicts Yellens partisan motivated claim that the Labor participation rate is not indicative of anything but " structural " issues.
But what's most important for Democrats ? To do anything possible to alleviate this disaster of a economic recovery ?
No, its to make as many people believe that nothing else needs to be done because nothing is actually wrong.
Income has continued to pool in the hands of the wealthy, while the general population gains nothing from the increases in per work hour productivity which technology continues to create. this has been happening since the mid 1970s, and Obama has failed to correct it.
WHY are people moving here ? More importantly WHY are Corporations and small Businesses moving here ?
Whats INCENTIVIZING them to move here ? To expand ?
If demand was at a equilibrium what would motivate them to invest ?
To HIRE ?
And why would there be any distinction from what State to the next ?
Do you want me to tell you why ? Because my responses aren't limited to what benefits Obama and the Democrats.