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In your view, what is the most important reason why society should care about falling rates of labor force participation?

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Chika Ilonah
Chika IlonahLv10
28 Sep 2019

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Related questions

Sweeping changes to the U.S. society have profoundly changed the way individuals make decisions about whether or not to participate in the labor market. What is the labor force participation rate? Explain how changes to society have affected this rate over time.

Why is increasing this participation rate an important goal for national policymakers? What are two actions that policymakers could take to raise the labor force participation rate? Would this be an immediate effect or would it take years to observe a tangible change?

Consider a country with 300 million residents, a labor force of 150 million, and 10 million unemployed. Answer the following questions: (show your work for credit)

A. What is the labor force participation rate?

B. What is the unemployment rate?

C. If 5 million of the unemployed become discouraged and stop looking for work, what is the new unemployment rate?

D. Suppose instead that 30 million jobs are created and this attracts 20 million new people into the labor force. What would be the new rates for labor force participation and unemployment?

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