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Since you don't specify which country you're talking about, I assume you're in the US. In which case labor force participation is at a high https://fred.stlouis
by yorwba 3y ago
Since you don't specify which country you're talking about, I assume you're in the US. In which case labor force participation is at a high https://fred.stlouisfed.org/series/LNS11300060 https://fred.stlouisfed.org/series/LNS11300060
- galleywest200 3y agoLabor force participation being high does not mean people are making enough money to be comfortable.
- eru 3y agoThe parent comment talked specifically about workforce participation being low.
- MisterBastahrd 3y agoThe average person is working. The average person has always been working. The cost of living has risen faster than wages, which have have stagnated except for those who are either in the C-suite or making their money primarily through capital. My father made half of what I make at the same age. But his mortgage was 1/8th of the size of mine for the same basic home.
- giantg2 3y agoThat's interesting. I wonder what the difference is, because the BLS shoes something very different. https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm https://www.bls.gov/charts/employment-situation/civilian-lab...