There are some problems with using the LFPR, it's calculated as a percent of the civilian non-institutional population[0] (everyone over 16 that isn't locked up

There are some problems with using the LFPR, it's calculated as a percent of the civilian non-institutional population[0] (everyone over 16 that isn't locked up) for one which is very different from considering what percent of prime age[1] (25 - 54) workers are employed which is currently at around 82%. What you're saying should happen would mean that pretty much everyone who isn't dead or incapacitated would have to work, so abolish retirement and get grandma back to work at the grocery store until she drops dead. https://en.wikipedia.org/wiki/Civilian_noninstitutional_population https://en.wikipedia.org/wiki/Civilian_noninstitutional_popu... https://fred.stlouisfed.org/series/LNS11300060 https://fred.stlouisfed.org/series/LNS11300060