Faun
Diamond Member
- Nov 14, 2011
- 123,612
- 79,105
Does everybody see this^^^ ... ?On one side are those who take the view that what is being observed are actually Baby Boomers leaving the workforce and retiring, such as minnpost.com’s Erik Hare, writing in a piece, “Decline in labor force driven by retirement, not discouragement.”
Hare calls it a “lie” that “this is the result of people giving up looking for work, a sign that the ‘recovery’ is weak.” Instead, Hare points to a Philadelphia Federal Reserve study on the topic that takes a narrow look at Bureau nonparticipation data, concluding that retirements beginning in 2010 began to play a role in driving down the participation rate.
The trouble with the study is that labor participation has been declining a lot longer than since 2010. In fact, it peaked in 1997 at 67.1 percent, and has dropped annually ever since. As the study notes, “retirement had not played much of a role until around 2010.” By then, the rate had already dropped 2.4 percent.
Meaning, retirement cannot be thought to have played much of a role in the participation rates up until that point, and may only be tangentially affecting it now.
This is exactly why conservatives are so brain-dead. Here, the conservative writes, "meaning, retirement cannot be thought to have played much of a role in the participation rates up until that point, and may only be tangentially affecting it now," after reading a report which states the retirees between 2000 and 2011 contributed about 22% to the drop in the LFPR and some 80% since then.
He clearly doesn't possess the intelligence required to process the actual meaning of words. An affliction often associated with conservatism.
He can read .... but he can't understand.
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