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by elgabogringo
3610 days ago
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As to the points in the article: Correlation does not equal causation. Now to two major points it conveniently left out. - First, the overall labor participation rate is at 40 year lows, so there is no labor shortage. In fact, the rate for those 55+ has gone up and is at 50 year highs. - The biggest danger from an aging population is how to fund our entitlements Medicare & SS. The reason for a weak recovery and stagnant wages are pretty obvious and completely avoided by this study and article - which I think was purposeful. |
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