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Expand the graph back to 1948, where it starts, and you'll see labor participation is higher now than it was from 1948-1984. So it's not that simple, unfortuna
by zhivota 10y ago
Expand the graph back to 1948, where it starts, and you'll see labor participation is higher now than it was from 1948-1984. So it's not that simple, unfortunately.
- madengr 10y agoBack then, 1 income could raise a family. The participation was not needed.
- stuckagain 10y agoThat process runs both ways. When the economy is doing better, labor participation can go down due to incomes going up. The grandparent pinned the qualitative judgement "permanently discouraged" upon this graph, but that's just one way to read it.