4 ms·
The data just does not seem to line up with your assessment. Labor force participation rate is down 1% since pre-pandemic. It's not earth shattering, but it i
by nightski 4y ago
The data just does not seem to line up with your assessment. Labor force participation rate is down 1% since pre-pandemic. It's not earth shattering, but it is quite a drop.
Also inflation is hardly a few percentage points of catch up. Look at the chart below and tell me you still believe that.
https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm https://www.bls.gov/charts/consumer-price-index/consumer-pri...
Not to mention food/gas is worse which is what hits people in low to mid income ranges the most.
- bryanlarsen 4y agoLFPR is up for people under 50. The drop in overall LFPR can be almost entirely attributed to the drop in immigration during the pandemic.
- bumby 4y ago>overall LFPR can be almost entirely attributed to the drop in immigration during the pandemic. I just heard a report this morning that there was a very real labor participation rate drop among women, particularly with working mothers. How does your immigration hypothesis align with that? Is it that child care work is primarily driven by immigrant workers? Or is it that other groups more than make up for that in the general statistic?
- bryanlarsen 4y agoProbably the latter. The LFPR for <25 saw a significant bump.