“Shocking 105 million Americans are not working – more than during Covid or the Great Recession,” blared the New York Post.
Finally that’s something.
The graph alone tells the story. You thought that having the government forcibly send millions of people into lethargy and sloth, bankrupting millions of smaller businesses, slicing and dicing workers into essential and nonessential, would be devastating for labor force participation. It’s actually worse now than in the depths of the lockdowns, and 10.8 million more than were out of the labor force in 2019, for a total of 105 million.
The growing crisis of labor drop outs since 2020 hits men more substantially than women: Woman not working up 10.9%; Men not working up 13.6%; Overall number not working up by 11.19%.
The labor force participation rate reveals the trends, not as grim as the lockdown days but still trending downwards – the opposite of what should be happening.
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