quote:
All that matters is that that age group participates the least and right now we have more people in that age group as a percentage of the population than ever before.

No.

"All that matters" is the number of employed individuals in that category is at all time highs.

The percentage of employed individuals in that category is also at all time highs.

Not only has the >55y/o age group not contributed to the decline in LFPR, it has blunted it. Over the past decade the overall % of >65y/o's who remain active in the workforce has increased nearly 30%. In the meantime, young workers are getting massacred by Obamanomics.

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Posted by mmcgrath

Indianapolis

Member since Feb 2010

35707 posts

Posted on 9/18/14 at 1:04 pm to NC_Tigah

quote:
Not only has the >55y/o age group not contributed to the decline in LFPR, it has blunted it. Over the past decade the overall % of >65y/o's who remain active in the workforce has increased nearly 30%. In the meantime, young workers are getting massacred by Obamanomics.

Absolutely no one anywhere besides yourself and some nutty right wing bloggers is making that claim.

I would expect the workforce participation rate among 55+ to increase as the participation rate of the Baby Boomers has always been much much higher than the previous generation. However, when the largest segment of your population decreases in participation from 85% down to 40% due to natural causes, your overall participation rate goes down. It wouldn't matter if they went down from 100% to 60%, the overall number will drop!

This post was edited on 9/18/14 at 1:06 pm

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