January 25, 2015

WHITE MEN ARE NEVER GOING TO BE QUOTA HIRES:

Why Labor Force Participation Is Still so Low (Allison Schrager, January 19, 2015, Businessweek)

The latest U.S. jobs report, released on Jan. 9, found that unemployment in the U.S. is nearly back to normal, at 5.6 percent. Still, a more telling statistic, the share of Americans in the labor force (people working or looking for work), barely budged at just 62.7 percent. That figure was significantly higher before the recession, at around 66 percent, but labor force participation started to fall in 2009 and has since been trending down.


It has quite a ways to drop before it gets to historic norms (even recent history) following the social experiment of adding blacks and women to the work force.

Even if it only drops these 4 points, it completely eliminates wage pressure and means protracted if not semi-permanent deflation.

Posted by at January 25, 2015 4:34 PM
  

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