04-16-2024, 02:45 PM
(04-16-2024, 01:33 AM)danbrotherston Wrote: That's some weird population data...but the more interesting is the increase in labour participation for older people. That's not a good thing, but it is also in line with the narrative that I hear (admittedly largely from the US) of older people having to work in order to deal with our economic failures. I mean, no doubt, US capitalists would like to go back to the old days where they just work people to death...but the rest of us do not want that.
Which part of the population data do you think is weird? For sure, the population is aging, so the 60+ age groups are getting bigger. And people are generally (generally!) healthier and able to work longer (and sometimes also need to work longer) so the participation rates are edging up. And at least macroeconomically that is a good thing as it slows down the shrinking of the work force as the population ages.