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>work force participation is down This can't be used as an indicator for a variety of reasons. In short, a decline in the the labor force participation rate c
by SantalBlush 4y ago
>work force participation is down
This can't be used as an indicator for a variety of reasons. In short, a decline in the the labor force participation rate can be good or bad, depending on the reason people are dropping out of the workforce. If a dual-income family now has the option to earn enough to support the family on one income, then having one person drop out is a sign of economic health. Basically, we don't want the entire nation to be forced to look for work.
Some people are suggesting that workers are dropping out because they can't find jobs. If anyone truly believes that given our current unemployment numbers, then they are just plain gullible.
- phpisthebest 4y ago>>Some people are suggesting that workers are dropping out because they can't find jobs. If anyone truly believes that given our current unemployment numbers, then they are just plain gullible. Or they cant find jobs that pay what they need/want or have working conditions they need/want while using government programs, gig economy, under the table employment, etc to cover their costs. I have been in more than one meeting where people are discussion why they can not find people... No Exec ever talks about not paying enough, or not providing the correct benefits, etc. They also look at superficial things, not "hey maybe we do not pay enough"