"Who holds this 'popular view' ?"
The reason for over half the percentage drop in the labour force participation rate since 2001 is the huge increase in the numbers of the retired population as the baby boomer generation start to retire.
Uh, you apparently.
People 55 and older are working more
...arguing with yourself? Wow you won't even agree with yourself when debating me, amazing, the Denial is strong with you.
This means that 16-55 unemployment is increased as older people aren't retiring like they used to
Unemployment is only increased when the people in those age ranges are LOOKING FOR WORK. Ask the Obama Administration and they'll tell you that despite 93 million people dropping out of the labor force, the unemployment rate is a paltry 5.5% according to the Bureau of Labor Statistics.
Kenyan socialism and liberalism
Kenyan? No, this has nothing to do with Africa, Keynesian economics perhaps...and yes they are in fact complete horse shit. Socialism does not work it leads to rampant waste and fraud and quickly becomes unsustainable especially when the takers outnumber the makers. Liberalism...that plays a part in the culture of course, because if I'm looking to work, provide for my family, and achieve then I'm a bad guy, I spoil it for all the poor saps out there being lazy for a living.
So I guess the question is now...who do you wish to argue with more, me or yourself?
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