For quite a while I have been very suspicious of this "aging work force". The mainstream media has been reporting that they have been dropping like flies out of the labor force. Many times I've asked myself, "Why? Where have they all been going?"
Whether ideologically or politically motivated, economists and politicians on both sides of the aisle have been debating as to the reason for the falling labor participation rate.
Those 50 and older, who were laid off over the past 5 years, have had an especially difficult time being rehired. Many have already drained their savings and now rely on government services. Some have taken their own lives.
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