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Fewer people are in the workforce, this is not debatable. What is debatable is whether that matters. The unemployment rate is based on those seeking work, not
by fishtacos 5y ago
Fewer people are in the workforce, this is not debatable.
What is debatable is whether that matters. The unemployment rate is based on those seeking work, not those who are of age to work.
Seems to me, if unemployment an federal aid is not the culprit, then the simpler explanation is wages.
Wages are too low. This is precisely what the blog writer's argument is against: increasing wages.
Supply and demand didn't stop being a thing and your charts prove it.