| Kasz216 said: I feel like we're going in a circle here now. I mean, are we just talking about a hypotehtical here now? Though i do know that Labor Force Pariticpation has shrunk since the financial crisis. |
The intial post was about a general state of reality, where advantages can compound and asked if that is a good thing. It does happen. It doesn't mean it happens all the time, or things can't be done to counter it.
In regards to labor force participation, when I looked it up, I saw it has been declining for over a decade now. That is bound to continue to happen as the baby boomers retire. If it doesn't happen, that is a sign people aren't retiring. What will be needed to be found is if people want to retire aren't able to, but also can't find work, for whatever reason.
