[quote=flyer]Of course, none of us will “know” until after the fact, but it’s interesting to note that the BLS is making this prediction based upon their stats.[/quote]
Well, we do know that a large cohort of Americans (baby boomers) are aging. Americans are living longer which is a good thing. The overall labor participation rate will continue decline in the near future due to demographic changes. In 2006, BLS published a paper that project overall participation rate will continue to decrease until 2050 when it reached 60.4%. Of course, the Right wing type in this board will not mention this and use this obscure metric to insinuate that the decline is due to over generous benefits and subsidies. Here is the link of the paper:
