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.
- 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.