>Economists believe that the unemployment rate can dip even further because there's still slack in the job market.
There isn't "still" slack, the slack is growing as the laborforce participation rate is lower today than it was in 2013. How can it be in a "booming" economy that fewer people want to work and real wages are also falling? I haven't seen an economic explanation for this.
>The erosion of workers' bargaining power has also played a role.
A result of de-regulation, no?
>What do you find unsatisfactory about these explanations?
The lack of evidence that they are more than just theories, I want the data.
There isn't "still" slack, the slack is growing as the laborforce participation rate is lower today than it was in 2013. How can it be in a "booming" economy that fewer people want to work and real wages are also falling? I haven't seen an economic explanation for this.
>The erosion of workers' bargaining power has also played a role.
A result of de-regulation, no?
>What do you find unsatisfactory about these explanations?
The lack of evidence that they are more than just theories, I want the data.