3 ms·
If they aren't actively looking because they're taken care of by some other means and are content with their lives, that's one thing. If they aren't actively lo
by pjmorris 8y ago
If they aren't actively looking because they're taken care of by some other means and are content with their lives, that's one thing. If they aren't actively looking because they have given up hope of finding a job, and are seething with discontent, that's another thing. Depending on which thing, and how many people are feeling it, there may be nothing to worry about, or an incipient revolution. That's my answer for 'so what?'
- wbc 8y agoDo you know about discouraged workers and how they're already taken into account by BLS? https://www.investopedia.com/terms/d/discouraged_worker.asp https://www.investopedia.com/terms/d/discouraged_worker.asp
- pjmorris 8y agoYes. The BLS only looks at an estimate of their number, it doesn't examine their motives, circumstances, or level of discouragement. I seek to emphasize that all of those things matter.
- matt_s 8y agoI guess, also stay at home parents as well as baby boomers who got laid off and can maybe eek by til they collect retirement would be in this category too. Just seems like an 'other' type of metric.