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You can look at the labor force participation rate: https://tradingeconomics.com/united-states/labor-force-participation-rate https://tradingeconomics.com/unite
by shusaku 4y ago
You can look at the labor force participation rate: https://tradingeconomics.com/united-states/labor-force-participation-rate https://tradingeconomics.com/united-states/labor-force-parti...
But I think controlling for demographic factors would take some work (look at the drop past 2000)
- lotsofpulp 4y agoA more official source: https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART
- bombcar 4y agoMore interesting than the drop at 2020 is the continual decline since 2000.
- jhickok 4y agoPrime age participation is actually pretty high: https://fred.stlouisfed.org/series/LNS11300060 https://fred.stlouisfed.org/series/LNS11300060
- lotsofpulp 4y agoIf the conversation is about price of labor, then the ratio of aggregate labor sellers to labor buyers is the relevant metric to compare over the years. For example, more old people or otherwise disabled people wanting to buy labor relative to people willing and able to supply it, compared to previous decades.
- jhickok 4y agoThanks, that's an interesting way to look at it.
- jhickok 4y agoPrime age work force participation is still high. A lot of the people that left the labor force were retirement age people that saw their retirement money go up by 50% or more and didn't really see a reason to come back.