Labor force participation, that is those who are either gainfully employed or actively searching for a job, has been on the decline among working age men for decades now. And of course, Covid was a huge body blow on the workforce participation rates. Already Between 1960 and 2023, the fraction of working age men who are out of the labor force increased from about 3% to a whopping 11%. And by 2024 this number was increased to 22%. It doubled. This is nearly a 700% increase over the past six and a half decades. (07:34–07:48)
CLAIM
Asserts that the percentage of working-age men out of the labor force increased from 3% to 11% between 1960 and 2023.
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