A big part of the reason for declining labor force participation rates in our economy has little to do with a “lack of jobs” and much more to do with the fact that the biggest segment of our population—the “baby boomers”—are retiring in droves. Why? Because they’re old and are no longer interested in or able to work. There. Was that really so hard to comprehend? Labor force participation rates prior to the early 1970s were even lower than they are today. Why? Because women did not participate as they now do. Women didn’t start to enter the job market en masse until the late 1960s. Very very simple. Even a child should be able to understand this.
This whole declining labor force participation baloney