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> Though it's worth noting that even if, for some reason, you wanted to look at everyone over 16, the participation rate is still well above anywhere it was in
by losvedir 8y ago
> Though it's worth noting that even if, for some reason, you wanted to look at everyone over 16, the participation rate is still well above anywhere it was in the 50's, 60's, and most of the 70's. If you're looking at prime age, we're only a couple of percents below the highs in the 90's (and much higher than other periods).
Because women entered the work force. Compare your linked chart to the same chart for women [0] and men [1]. It's an important dimension to the discussion, I think, since non-working women are generally socially respected, while non-working men are not.
[0] https://fred.stlouisfed.org/series/LRAC25FEUSM156S https://fred.stlouisfed.org/series/LRAC25FEUSM156S
[1] https://fred.stlouisfed.org/series/LRAC25MAUSM156S https://fred.stlouisfed.org/series/LRAC25MAUSM156S