- Joined
- Jan 25, 2012
- Messages
- 31,376
- Reaction score
- 28,719
- Location
- Vancouver, Canada Dual citizen
- Gender
- Male
- Political Leaning
- Independent
Good news...labor force participation has been dropping for a long time, before Obama took office. It's the aging of our population. The financial hit and sluggish economy has accelerated the trend but the labor force participation the country had when boomers where of working age and before people started living longer and going to school longer isn't going to be the norm anymore.
Overall, we're adding jobs which is a positive.
As for wages, job growth has to happen before wages start going up. That's to be expected
Link needed here.
The baby boom, the largest most impactful generation in history has only started leaving the work force, and many now over 65 are staying in. I guess you haven't heard, but progressive countries are raising the age of retirement as we are now as healthy at 80 as were at 60 at the turn of the previous century. Part of the reason for job shortages is that we are staying in harness five and ten years longer.
Please avail yourself of the latest demographics and trends and refrain from making stuff up.