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Your claim is very theoretical. In practice, everyone in the world has grown increasingly wealthy, and unemployment levels are lower than ever.
by gbasin 4y ago
Your claim is very theoretical. In practice, everyone in the world has grown increasingly wealthy, and unemployment levels are lower than ever.
- ckw 4y agoIn the United States, the labor force participation rate for men has been in secular decline since 1950 (and perhaps earlier—-the Fred data only goes back to 1948): https://fred.stlouisfed.org/series/LNS11300001 https://fred.stlouisfed.org/series/LNS11300001 For women, since about 2000: https://fred.stlouisfed.org/series/LNS11300002 https://fred.stlouisfed.org/series/LNS11300002 Combined: https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART