I am back, my apologies to my readers; I have been doing a text book project over the Christmas holidays -it just finished last night (and of course caught my traditional cold).
Many economists are saying the dramatic drop in US labour force participation is natural (nothing to worry about) because it is primarily being driven by demographics. Here is an example. (Brent, who sent me the link, included this comment:"Interesting to me, but with a lot of projections from which to choose unsurprising to find one close!")
Zerohedge wonders why, if this is the case, employment among older workers (55+) is still at the same level it was in 2007?
Many economists are saying the dramatic drop in US labour force participation is natural (nothing to worry about) because it is primarily being driven by demographics. Here is an example. (Brent, who sent me the link, included this comment:"Interesting to me, but with a lot of projections from which to choose unsurprising to find one close!")
Zerohedge wonders why, if this is the case, employment among older workers (55+) is still at the same level it was in 2007?
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