One of the leading economic policy challenges of our time is the persistent decline in workforce participation among working-age Americans. Economists from left to right have cited declining workforce growth as one of the principal barriers to our future economic growth, and thus to our future prosperity. It’s important to understand the causes of declining workforce participation if we are to take effective action to mitigate it. Unfortunately, economists are still struggling to fully understand – let alone offer consensus solutions to – this problem.
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