The participation rate has not come back to pre-covid levels. I explain that to many factors: First of all one Million American died from covid, that took out many of them.
10,000 Baby boomers keep retiring each day, that adds up to a couple of million each year, compound that the two years of covid.
Then there is one other factor, many Americans have found ways to work at home. The true American dream of not commuting anymore. I know my wife would love to stay home and do her job instead of going into the office.
The GDP of America is over 23.5 Trillion dollars a year, and is not slowing down. So there might be fewer workers, but we are all working better, more productive.
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