http://www.economist.com/news/finance-and-economics/21573969-demography-may-explain-weakness-americas-recovery-where-did-everyone-go
This article talks about how demographics explain slow recovery in the United States. Labor-fource participation is highest between ages 25 and 54. In 1980s the baby-boomers were growing the labor force but now they are retiring , which could explain the trend in employment. Even accounting for the baby boomers generation labor0force participation among men aged 25 to 54 has fallen more then in other rich countries. Article suggests that job environment in the US makes it difficult for unemployed to stay in the workforce.
The new labor force that will and are participating now have big shoes to fill. We got to keep these companies moving and keep inventing new things to create new companies to keep our economy flowing. This helps our economy flow and if we invent things in the US then international companies would want to have the product or idea as well booming our worth and becoming a stronger company.
ReplyDeleteThe new labor force that will and are participating now have big shoes to fill. We got to keep these companies moving and keep inventing new things to create new companies to keep our economy flowing. This helps our economy flow and if we invent things in the US then international companies would want to have the product or idea as well booming our worth and becoming a stronger company.
ReplyDeleteGreat point; it's important to analyze macroeconomic indicators for more than their face value. Using a socioeconomic lens, we gain a better understanding as to how the unemployment rate got to where it is, rather than simply looking at where it's currently at.
ReplyDeleteThe new labor force can be looked at in a couple ways. As in we are growing and there are new opportunities or as there is not enough room. I believe there is room for expansion and I am excited to see what is to come.
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