What are these people doing? I read COVID assistance had dried up (?), and still people are not going back into the workforce?
Isn't wage inflation supposed to help there, putting people 'back to work'? I mean, a big chunk of these 8% will be low-paid service jobs I keep hearing no one can hire for anymore ; shouldn't increasing wages (and, well, stopping the 'service-workers are slaves we can treat as dirt' mentality) help a lot here?
i think driving down asset prices and raising wages and lowered unemployment benefits will hopefully reverse some of that
The bigger issue is fewer young people are working every year. [2]
16 to 19: -24% in the last 20 years
20 to 24: -11% in the last 20 years.
25 to 34: -3% in the last 20 years.
https://www.populationpyramid.net/united-states-of-america/2... https://www.bls.gov/emp/tables/civilian-labor-force-particip...
As for the rest, there are many ways individuals can get by. They can sustain themselves via their partner, get funds from friends and family, participate in underground workplaces, and last but not least, receive income from disability or other social services.
It is worth noting that numbers are falling about twice as fact for men as women. This could be related to the fact that two women now go to college for every one man.