> There isn't "still" slack, the slack is growing as the laborforce participation rate is lower today than it was in 2013.
The labor force participation rate is currently about 62.8%. In 2013, it was at most about 63.8%, only 1 percent higher [1].
> How can it be in a "booming" economy that fewer people want to work and real wages are also falling?
Real average hourly earnings for June 2013 were $10.31 [2]. Real average hourly earnings for June 2018 were $10.76 [3]. Real earnings increased over that period. So what are you referring to, exactly?
> I haven't seen an economic explanation for this.
This reminds me of a how a creationist says “Well, I haven't seen an explanation for this" and proceeds to dismiss an entire field.
> The lack of evidence that they are more than just theories, I want the data.
Lack of evidence about what? Be specific.
[1] https://tradingeconomics.com/united-states/labor-force-parti...
[2] https://www.bls.gov/news.release/archives/realer_07162013.ht...
[3] https://www.bls.gov/news.release/archives/realer_07122018.ht...
The labor force participation rate is currently about 62.8%. In 2013, it was at most about 63.8%, only 1 percent higher [1].
> How can it be in a "booming" economy that fewer people want to work and real wages are also falling?
Real average hourly earnings for June 2013 were $10.31 [2]. Real average hourly earnings for June 2018 were $10.76 [3]. Real earnings increased over that period. So what are you referring to, exactly?
> I haven't seen an economic explanation for this.
This reminds me of a how a creationist says “Well, I haven't seen an explanation for this" and proceeds to dismiss an entire field.
> The lack of evidence that they are more than just theories, I want the data.
Lack of evidence about what? Be specific.
[1] https://tradingeconomics.com/united-states/labor-force-parti...
[2] https://www.bls.gov/news.release/archives/realer_07162013.ht...
[3] https://www.bls.gov/news.release/archives/realer_07122018.ht...