Nothing works harder than a good excuse in the Swamp. The meme circulating at the Federal Reserve to explain the substantial drop in civilian labor force participation [chart above] is that, 'baby boomers are getting older and retiring' This chart shows that simply is not true:
Participation by 65 and older workers is climbing, not dropping, as the excuse would have you believe. So what accounts for the overall drop shown in the first chart? The answer may lie here:
Fewer younger workers are in the work force, perhaps signaling a malaise--a disgust with being trickled on by the 1%--which also explains why they have time to demonstrate in the streets for equal justice under law. Or rather, that late capitalism treats labor as expendable, at best as replaceable? This condition is epitomized by a record breaking stock market midst an economically depressive pandemic. Georgians: flip the Senate because your nation, and your families depend on it.
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| Galaxy level karma arrives.... |