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I don’t think the link you’ve provided confirms that it is simply due to the population aging, though I don’t disagree that may be a component of it. The link j
by voisin 5y ago
I don’t think the link you’ve provided confirms that it is simply due to the population aging, though I don’t disagree that may be a component of it. The link just doesn’t help explain what relative contribution comes from aging vs participation. If you click male or female over 20, participation rate, the numbers drop over the last decade quite a bit. What are these people doing if not working?
- lotsofpulp 5y agoYes, the BLS graph was meant to show it has not collapsed. Nov 2016, 2017, 2018, 2019 participation rates were 62.7%, 62.7%, 62.9%, 63.2%, and Nov 2021 is 61.8%. Also, over 20 also includes people over retirement age, so they have stopped working. See graph labeled "age ratio". If you hover your mouse over it, you will see working age portion of population starts to decrease after 2010, and had flatlined prior to that. https://population-pyramid.net/en/pp/united-states-of-america https://population-pyramid.net/en/pp/united-states-of-americ... Here is more information, but large portions of the population aging out of working years is one of the reasons mentioned: https://www.thebalance.com/labor-force-participation-rate-formula-and-examples-3305805 https://www.thebalance.com/labor-force-participation-rate-fo...