Prisoners wait for breakfast at California Men’s Colony prison in San Luis Obispo, Calif., in 2013. Rising incarceration rates are one of a handful of factors that help to account for the United States’ missing jobs. (Andrew Burton/Getty Images) Where did all the jobs go? Well, we’re finally starting to find some satisfactory answers to the granddaddy of all economic questions.
The share of Americans with jobs dropped 4.5 percentage points from 1999 to 2016 — amounting to about 6.8 million fewer workers in 2016.
Between 50 and 70 percent of that decline probably was due to an aging population. Explaining […]
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