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Old 09-28-2019, 08:36 AM   #2
Undertoad
Radical Centrist
 
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
Here is a good explanation of the variables related to labor force participation. There are a lot of reasons for it. Reason #3 brings out automation. It's one of the variables. But half the number is structural, due to retirement.

Also it's an American graph, but we have globalization now. If automation of smaller mindless tasks is here, we are not shipping everything overseas to have half a billion Chinese people do that job.
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