In 2016, candidate Donald Trump successfully portrayed this as a situation where 40% of American adults were unemployed because the local steel mill shut down 30 years ago, but the reality is that the single biggest factor in the declining LFPR over the last couple of decades has been the massive growth of RETIREES.
>>>the reality is that the single biggest factor in the declining LFPR over the last couple of decades has been the massive growth of RETIREES.
So essentially what we need is something to convince the stay at home moms and retirees to get back into the workforce.
RETIREES should not be included in the Labor Force Participation figures. neither should students between 18 to 22 who are in college.
If they are, then the figures are misleading.
“...but the reality is that the single biggest factor in the declining LFPR over the last couple of decades has been the massive growth of RETIREES.”
I object, I am a retiree and I have lost forty pounds since retiring.