04-17-2024, 11:33 AM
(04-17-2024, 12:48 AM)danbrotherston Wrote:(04-16-2024, 02:45 PM)tomh009 Wrote: 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.
The sudden negative swing of the 50-55 age cohort just stood out to me.
This also misses (or only slightly includes) the significant negative provincial immigration of young people that Ontario has seen lately I think.
As for the employment data. Yes, working people longer does please the capitalists and the Chicago school economists. But I would like everyone to be able to enjoy a retirement.
It's over the span of five years so that shift in the age groups seems very reasonable to me. And Stats Canada is reliable so I have no reason to doubt it. The numbers are national so individual provincial will not stand out.
A non-trivial number of people actually want to work past 60 or 65. Some people do enjoy their work!