4 ms·
This is one of those things people want to be true but is not. Labor participation is down significantly in those ages <25. 63 -> 51 and 47 -> 30 for teenager
by treis 3y ago
This is one of those things people want to be true but is not. Labor participation is down significantly in those ages <25. 63 -> 51 and 47 -> 30 for teenagers in 10 years. Wages are slightly up adjusted for inflation over that time.
https://www.bls.gov/emp/tables/civilian-labor-force-participation-rate.htm https://www.bls.gov/emp/tables/civilian-labor-force-particip...
- deleted 3y ago[deleted]
- ttymck 3y agoWhy do you think labor participation is down?
- singron 3y agoCollege enrollment increased between 2000 and 2010, however it's been basically flat or slightly down since then. If you look at the monthly stats, the labor force participation rates for the younger groups seems like it goes down sharply with recessions and doesn't recover much. https://fred.stlouisfed.org/graph/?g=1bBX7 https://fred.stlouisfed.org/graph/?g=1bBX7 The monthly data also makes it clear that this isn't a smooth trend over decades.
- ttymck 3y agoI don't feel like I'm any closer to understanding why GP feels labor participation is down.