Quote:
Originally Posted by accord1999
The US working age population is still growing.
https://fred.stlouisfed.org/series/LFWA64TTUSM647S
Clearly the new jobs haven't been able to replace the previous manufacturing jobs. In many areas, the average person hasn't become better off. That's why you see the shocking flip of normally secure Democratic states. |
You're conflating total numbers with percentages. A country can see an overall growth in the number of working age people and still have a higher ratio of the overall population be retired. Baby boomers reaching retirement age has lowered the overall participation rate, but for people of working age the percentage of them who are in the labor force or are looking for work is virtually unchanged in the last 2 decades.