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JuanMena

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death? replaced by amazon robots? venecos? :P
No no! There not death.
They were to Worker Land!
Worker Land! Yeah!
Worker Land has amusement parks, and big sunflower fields, and a beach with sand, and they go there to play and have fun and be happy and have many more little Workers.
 
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x65943

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No no! There not death.
They were to Worker Land!
Worker Land! Yeah!
Worker Land has amusement parks, and big sunflower fields, and a beach with sand, and they go there to play and have fun and be happy and have many more little Workers.
the age group 18-64 (includes vast majority of workers) lost 270k people over 3 years with covid listed as contributing. The labor force is about 165 million.

Meaning loss of less than 1% (0.16%)

The real story here is people just don't want to work anymore

As seen below the labor force has for the most part continued to increase, but the number of those people actually working (participation) has decreased quite a bit over the past few years

labor force
1677463844245.png


labor force participation (people actually working)
1677463827739.png


TL;DR people be lazy
 

Veho

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the age group 18-64 (includes vast majority of workers) lost 270k people over 3 years with covid listed as contributing. The labor force is about 165 million.

Meaning loss of less than 1% (0.16%)

The real story here is people just don't want to work anymore

As seen below the labor force has for the most part continued to increase, but the number of those people actually working (participation) has decreased quite a bit over the past few years

labor force
View attachment 355912

labor force participation (people actually working)
View attachment 355911

TL;DR people be lazy
Holy fuck those axes are atrocious. The Y axis doesn't start at zero but the skip isn't indicated, X axes don't align, why the hell is one data point from 1979 being compared to one from 1997, wut. It's like that "average female height" graph:


1677478021018.png




Anyway, "labor force participation" is the percentage of all people over the age of 16 that are working or looking for work; I quote: "The labor force participation rate is calculated as: (Labor Force ÷ Civilian Noninstitutional Population) x 100."
The statistic doesn't include an upper limit or take retirement age into account, it's not an indicator of "willingness to work", it's just a number. And the biggest, largest, yugest contributor to the decline was baby boomers reaching retirement and leaving the workforce.


tl;dr: people don't want to work any more, and those people are boomers.
 
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    If your throat closes, putting oxygen in your mouth will not solve anything - as you will be introducing oxygen prior to the area of obstruction
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    Just kiss me Kyle.
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