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re: Forbes Mag - Obama outperforms Reagan on jobs growth and investing
Posted on 9/18/14 at 9:13 am to mmcgrath
Posted on 9/18/14 at 9:13 am to mmcgrath
quote:
Almost the entire drop in labor participation rate has been because of Baby Boomers.
Empirical evidence that is DEVASTATING to this very strong claim has been presented ITT.
ETA: note declining participation in all age buckets EXCEPT for the one being blamed.
This post was edited on 9/18/14 at 9:16 am
1
Posted on 9/18/14 at 9:16 am to 90proofprofessional
quote:Can you please highlight the "devastating" evidence please. Because half of what I see is discussing retirement rates which is just beginning for Baby Boomers and drives participation rates back up.
Empirical evidence that is DEVASTATING to this very strong claim has been presented ITT.
Edit: I see that you added a link under ITT.
As you can see in the graph, the participation rates for 25-54 and 55+ are relatively level over the last 6 years. However the participation rate for the older group is about 40% while it is 80% for the younger group.
Riddle me this: If the percentage of the workforce above 55 increase to 20%+ from 16%, while the highest participating group drops percentage wise at the same time, do you think that participation rates go up or down?
The OBVIOUS answer is that participation rates are down because we have a lot more older Americans who haven't reached retirement age now vs 6-10 years ago.
This post was edited on 9/18/14 at 9:24 am
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