4 ms·

UI subsidies may only be a contributing cause, I would guess there are multiple factors. What do you think is causing the terrible participation rates?

dlp211 5y ago
1. Labor participation rates have been expected to decline and has been forecasted for quite a while now. 2. The pandemic acted as a forcing function on those who could retire or were close to retiring into retiring. 3. The pandemic has forced change in care services, forcing workers, mostly woman, to fill in the gap and care for their children and other family members, preventing their return to the workforce. 4. People don't want to work for what amounts to slave wages with no hope of professional advancement and higher wages. 5. About 100 other things that I can't think of right now that make up our complex economic system and inform people's actions other than monetary subsidies.
- greenail 5y ago
  Things must be pretty good if folks can choose to retire before the age of 54. That also seems at odds with folks quitting due to "slave wages". Which is it? No hope of professional advancement and higher wages seems unsupportable in this country. Why do so many want to migrate here for such a grim outlook? Regarding #3 I don't think there is a massive move of male primary caregivers for children. Your examples are not a compelling explanation for the participation dip in males 25-54.
  - bryanrasmussen 5y ago
    >Why do so many want to migrate here for such a grim outlook? 1. People make mistakes, they think the bad outcomes will not apply to them. Anecdotally, it seems many European software developers move to the U.S for some years and then move back, that is to say earn a large amount of money and move back when it is time for the kids to grow up in a better environment. 2. Coming from an autocratic regime without hope of professional advancement makes the U.S look pretty good. 3. Getting killed where you are makes working all day for no money in the U.S look pretty good.

dlp211 5y ago

1. Labor participation rates have been expected to decline and has been forecasted for quite a while now. 2. The pandemic acted as a forcing function on those who could retire or were close to retiring into retiring. 3. The pandemic has forced change in care services, forcing workers, mostly woman, to fill in the gap and care for their children and other family members, preventing their return to the workforce. 4. People don't want to work for what amounts to slave wages with no hope of professional advancement and higher wages. 5. About 100 other things that I can't think of right now that make up our complex economic system and inform people's actions other than monetary subsidies.

greenail 5y ago
Things must be pretty good if folks can choose to retire before the age of 54. That also seems at odds with folks quitting due to "slave wages". Which is it? No hope of professional advancement and higher wages seems unsupportable in this country. Why do so many want to migrate here for such a grim outlook? Regarding #3 I don't think there is a massive move of male primary caregivers for children. Your examples are not a compelling explanation for the participation dip in males 25-54.
- bryanrasmussen 5y ago
  >Why do so many want to migrate here for such a grim outlook? 1. People make mistakes, they think the bad outcomes will not apply to them. Anecdotally, it seems many European software developers move to the U.S for some years and then move back, that is to say earn a large amount of money and move back when it is time for the kids to grow up in a better environment. 2. Coming from an autocratic regime without hope of professional advancement makes the U.S look pretty good. 3. Getting killed where you are makes working all day for no money in the U.S look pretty good.