We haven’t had this low a percentage of working-age Americans actually working or trying to get a job since the early 1980s (chart above). In April alone, more than half a million people gave up, which is scary.
Meanwhile, productivity continues to rise while wages stagnate (chart below). Workers are doing more with less, and often for less. Sound familiar, where you live?
(H/T Felix Salmon, Andrew Sullivan; charts from Zero Hedge and Economic Policy Institute)
The place for in-depth analysis, commentary and informed perspectives. Recommended
