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That's good support for the thesis - the fact that so many people are choosing to defer working, or retiring early, is a good reminder that Americans are just s
by legitster 2y ago
That's good support for the thesis - the fact that so many people are choosing to defer working, or retiring early, is a good reminder that Americans are just sprinting through their careers.
Especially if you compare the US internationally, the average American is such a laggard at working in comparison: https://data.worldbank.org/indicator/SL.TLF.ACTI.ZS?most_recent_value_desc=true https://data.worldbank.org/indicator/SL.TLF.ACTI.ZS?most_rec....
So it must be true that Europeans either must work much longer careers, or have extremely high prime age participation for the numbers to make sense.
And if you overlay labor force participation data with GDP per capita, it's kind of crazy the efficiency that the US generates economic productivity from our workforce.
- dragonwriter 2y ago> Especially if you compare the US internationally, the average American is such a laggard at working in comparison In your own link, the US rate is well ahead of the World rate, not a laggard. You probably made the mistake of comparing the World rate on that page (which tracks using the World Bank 15-64 working age population definition) with the US headline labor force participation rate (which uses the 16-and-over population as the denominator, not 15-64). But there is country information on the same World Bank page using consistent labor force definition for comparison to avoid that problem.