tag:blogger.com,1999:blog-6399730406480392183.post186795239529629557..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Exiting the Workforce - A Growing Pastime for American MenA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6399730406480392183.post-50219495773438749902016-08-23T16:08:58.310-03:002016-08-23T16:08:58.310-03:00Chris -
Good point that you have to account f...Chris -<br /><br /> Good point that you have to account for the size of the age group cohorts, and consider any impact that could be attributable solely to the differing sizes of the cohorts. But taking the above article at its word, it was focused only on prime aged males - between 25 and 54 and also on the percentage of males within that age group over time that were "particpating" (presumably meaning employed) in the labor market. So both the larger numbers of "baby boomers" reaching retirement age than the number of GenX'ers/Millenials replacing them in the relevant age range (a differential that presumably will reduce over time, as the number of Millenials is almost equal to the number of baby boomers) and the relative sizes of the different age cohorts should be largely irrelevant - if the participation rate is X% in a given year, the fact that it is lower than X% in a later year ceratinly means that a smaller share of the "prime working age men" in that later year were "participating" in the labor market than the share of "prime working age men" who participated in the labor market in the earlier year - without regard to how many men were in the "prime working age" range in each of those two years. A number of things could explain this, but if in fact baby boomers are retiring from the work force faster than the age cohorts behind are replacing them, that would suggest the opposite should be true - a smaller number of new entrants (and existing entrants) would be competing for (absent economic impacts, like recessions, that would shrink the size of the number of available jobs) essentially the same number of jobs/positions - in fact, the "vacant jobs" created by baby boomer retirements should exceed the "new work force participants" coming in to the labor market - each of which should result in a higher (rather than a lower) labor participation rate. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-41827740993693004242016-08-12T09:09:50.228-03:002016-08-12T09:09:50.228-03:00I see these charts a lot. Being in the labor recru...I see these charts a lot. Being in the labor recruiting technology industry, I need to add something to this to put things in proper perspective.<br /><br />The Baby Boomer Generation had almost 76 million people in it. The Generation behind them, Gen X, has only 38 million. Millineals have almost 74 million.<br /><br />That being said, there is going to be a significant drop in the labor participation rate as BBs will be retiring faster than Gen X and Millennials will fill it. The participation rate will climb again as the entire Millennial generation enters the workforce, but the drastic population difference between Baby Boomers and Gen X must be taken into account when discussing the drop in labor participation rate.Anonymoushttps://www.blogger.com/profile/10534771026112045636noreply@blogger.com