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Labor Force participation rate since the 1950's
Posted on 3/14/22 at 9:00 am
Posted on 3/14/22 at 9:00 am
Men participating in the labor force has consistently trended down from the 50's, where 90% participated in the labor force back then compared to 70% today.
And when we talk about a labor shortage today, it's because the total participation rate dropped to 60% after covid which is 1975 levels.
People rather sit on their arse and get paid a bottom-level welfare than do better for themselves and their family.
ETA: Good discussions. Here are trend lines specifically for 20+ years old to account for some of these discussion points
And when we talk about a labor shortage today, it's because the total participation rate dropped to 60% after covid which is 1975 levels.
People rather sit on their arse and get paid a bottom-level welfare than do better for themselves and their family.
ETA: Good discussions. Here are trend lines specifically for 20+ years old to account for some of these discussion points
This post was edited on 3/14/22 at 1:14 pm
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Posted on 3/14/22 at 9:01 am to BurningHeart
The Fed is to blame; make hunger part of the equation
Posted on 3/14/22 at 9:02 am to BurningHeart
imagine that...the Uncle Sugar spigot starts spewing $$$ and the incentive to work goes away
Posted on 3/14/22 at 9:03 am to BurningHeart
How much of this has to do with an aging population?
Posted on 3/14/22 at 9:03 am to Wtodd
quote:
The Fed is to blame; make hunger part of the equation
As it was for thousands of years before the modern welfare state
Posted on 3/14/22 at 9:04 am to BurningHeart
quote:
Men participating in the labor force has consistently trended down from the 50's, where 90% participated in the labor force back then compared to 70% today.
Men in the 1950s
“Men” in 2022
Posted on 3/14/22 at 9:08 am to Darth_Vader
quote:
Men in the 1950s
Yeah frick that
I need a job closer to the ground....a lot closer 
Posted on 3/14/22 at 9:10 am to Darth_Vader
quote:
“Men” in 2022
He may look goofy af, but I bet that dude has a job
Posted on 3/14/22 at 9:16 am to GreatLakesTiger24
quote:A lot. Also the steady decline of participation by men since the 50s pretty well correlates with the increasing number going to college. Also I'm not sure how gig/freelance workers are counted here.
How much of this has to do with an aging population?
Posted on 3/14/22 at 9:16 am to BurningHeart
Isn't Johnsons "great society " great?
Posted on 3/14/22 at 9:17 am to BurningHeart
We worked our asses off in the 90s
Posted on 3/14/22 at 9:17 am to GreatLakesTiger24
quote:
How much of this has to do with an aging population?
Retirees are excluded
Posted on 3/14/22 at 9:18 am to BurningHeart
What I see in that graph is that all lines began to parallel in around 2000 and have stayed that way, which seems strange. Men and women were going different directions until about then, then both trended downward equally.
Posted on 3/14/22 at 9:19 am to BurningHeart
Our government sponsors sloth
Posted on 3/14/22 at 9:19 am to GreatLakesTiger24
quote:
How much of this has to do with an aging population?
Why would women’s participation go up dramatically over that same time period? Are women not getting older?
Posted on 3/14/22 at 9:21 am to GeauxTigerTM
quote:Women weren’t encouraged/able to work back in the glory days. That’s probably the standard proportions for now on.
What I see in that graph is that all lines began to parallel in around 2000 and have stayed that way, which seems strange. Men and women were going different directions until about then, then both trended downward equally.
Posted on 3/14/22 at 9:23 am to BurningHeart
quote:
People rather sit on their arse and get paid a bottom-level welfare than do better for themselves and their family.
What might be happening is that people are finding they would rather sit on their arse and get paid a bottom-level welfare than work 50-60 hours a week for someone else at a shite job for 40 years.
Posted on 3/14/22 at 9:25 am to Lou Pai
quote:They are not.
Retirees are excluded
Posted on 3/14/22 at 9:27 am to BurningHeart
Since 1975 you say? Interesting.
Posted on 3/14/22 at 9:27 am to WaWaWeeWa
quote:There is more than one variable at play.
Why would women’s participation go up dramatically over that same time period? Are women not getting older?
Are you not aware that women were discouraged from working in the not so distant past?
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