So you're saying the participation rate is down simply because people who wish to work are unable to find a job?
Ding, ding, ding, we have a winner! Actually economists are the ones saying that, but I did repeat them so I'll accept that answer
Would you name these economists?
Look man, if you want to argue with what is being reported constantly on the business news as to the labor participation rate being low and why and people dropping out for the last decade, then I can work with that. If you want me to tell you what is being reported in the news, I'm not interested
So it's one of those "everybody knows" thingies?
Calculated Risk: Decline in the Labor Force Participation Rate: Mostly Demographics and Long Term Trends
For several years, I've been arguing that "most of the recent decline in the participation rate" was due to demographics and other long term structural trends (like more education).
Most of the recent research supports my view. As an example, from Federal Reserve researchers Stephanie Aaronson, Tomaz Cajner, Bruce Fallick, Felix Galbis-Reig, Christopher L. Smith, and William Wascher: Labor Force Participation: Recent Developments and Future Prospects
There's lot's more where that came from.......
You gonna stick with "it's all over CNS, FOXBusiness, and Breitbart"?
Wait you denounce my fed link in an argument and now you use the feds to support yours? WTF?
Btw more then that.
Obamas America...
The Vanishing Male Worker: How America Fell Behind
Many men, in particular, have decided that low-wage work will not improve their lives, in part because deep changes in American society have made it easier for them to live without working. These changes include the availability of federal disability benefits; the decline of marriage, which means fewer men provide for children; and the rise of the Internet, which has reduced the isolation of unemployment.
At the same time, it has become harder for men to find higher-paying jobs. Foreign competition and technological advances have eliminated many of the jobs in which high school graduates like Mr. Walsh once could earn $40 an hour, or more. The poll found that 85 percent of prime-age men without jobs do not have bachelor’s degrees. And 34 percent said they had criminal records, making it hard to find any work.