Extremely low Workforce participation rate
Will workforce participation rate increase as GDP increases from 2% to 3%? Currently the participation rate is low and employment rate is low. The hourly wage rate will need to increase thereby pulling from the current non participating workforce. This seems likely because all of the "talk" about so many retirees having limited retirement savings. Everybody I've seen on the businesses shows seem to believe that the participation rate will continue to decline without accounting for the impact that increasing the GDP rate will have on unemployment rate and the need for more employees.. including retirees who don't have sufficient money to retire who will go back (p/t) if wages go up
Sufficiently.
Any economist have a thought?