Ordinary Guy
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- Jul 16, 2021
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America's low labor participation rate 'a social and economic disaster,' experts warn
Economists are sounding the alarm over millions of would-be workers refusing to return
By now it's common knowledge that the U.S. saw an unprecedented drop in labor participation at the onset of the COVID-19 pandemic in 2020 as health concerns, lockdowns and stimulus payments caused tens of millions to abandon or forfeit their jobs.
But three years later, millions still haven't returned – including many who quit in the middle of their prime working years – and some economists are sounding the alarm that so many capable, would-be earners remain out of the workforce.
When the Labor Department reported last month that unemployment dropped to 3.4% in January, the lowest level in more than 50 years, not all experts were celebrating.
Democrats love a dependent society!-OG
https://www.foxbusiness.com/economy/...r-experts-warn
Economists are sounding the alarm over millions of would-be workers refusing to return
By now it's common knowledge that the U.S. saw an unprecedented drop in labor participation at the onset of the COVID-19 pandemic in 2020 as health concerns, lockdowns and stimulus payments caused tens of millions to abandon or forfeit their jobs.
But three years later, millions still haven't returned – including many who quit in the middle of their prime working years – and some economists are sounding the alarm that so many capable, would-be earners remain out of the workforce.
When the Labor Department reported last month that unemployment dropped to 3.4% in January, the lowest level in more than 50 years, not all experts were celebrating.
Democrats love a dependent society!-OG
https://www.foxbusiness.com/economy/...r-experts-warn