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Labor force participation in the US has dropped heavily in since 2008 and even since it peaked around 2000. https://fred.stlouisfed.org/series/CIVPART https://
by gpsx 6y ago
Labor force participation in the US has dropped heavily in since 2008 and even since it peaked around 2000.
https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART
This in spite of the reported very low unemployment rate, which is not really the meaningful measure.
The labor force participation was lower a long time ago, but I think that is when there were more single income families.
I am not sure how much this drop in employment is from just bad economics or how much could be attributed to automation.