Quote:
Originally Posted by LouisVanDerWright
The labor force participation was below 60% in the 1950's and 60's until the baby boom hit the workforce and pushed it into the mid 60%'s. Now it's fallen down to 63% or so which is totally reasonable considering millions of baby boomers are retiring.
|
Laborforce Participation increased because women joined the workforce, not baby boomers. The baby boomers weren't part of the measurement before they were old enough to join the workforce, so that argument doesn't really pass muster. There is no need to go back 60 years, just 5 years ago we had a higher laborforce participation rate during a weak recovery. Somehow in a "booming" economy people aren't joining the laborforce, please explain as this goes against all known labor economics models.
Housing starts are also down 12% compared to last year, does that sound like a "boom"?
Threaded Mode