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Scott Alexander gets deep into labor force participation rate in those post (with lots of good charts!): http://slatestarcodex.com/2018/02/19/technological-unem
by civilian 8y ago
Scott Alexander gets deep into labor force participation rate in those post (with lots of good charts!): http://slatestarcodex.com/2018/02/19/technological-unemployment-much-more-than-you-wanted-to-know/ http://slatestarcodex.com/2018/02/19/technological-unemploym...
A sister-comment mentioned baby boomers-- there's a second index called prime age male labor force participation rate (PAMLFPR) that corrects for that by only looking at working-age men. We've gone down from 97% PAMLFPR in 1948 to 88% PAMLFPR in 2016.
- hexane360 8y agoOf course, I wonder if PAMLFPR is no longer a socially relevant statistic. After all, there are a lot more women in the workforce currently, and (slightly) more men staying home. It's not as good an indication of who really needs work as it once was.