America Is Best Off with More and Greater Labor Force Participation
27 June 2017 | Pago Pago, American Samoa
Everything from mental health to improved consumption expenditure is made better with greater labor force participation. The truth is labor force participation collapsed during the Great Recession and it has never much recovered. Exactly the opposite result of what we should want. Why?
"Jobs that can be routinized and require low levels of human capital are being replaced by technology. The education system is not producing the kinds of workers that are needed in many parts of the economy." Weak(ish) May Jobs Report By Thomas Cooley and Peter Rupert in US Economic Snapshot
The demands on labor are being dictated by employers and how they adopt technology and organize production and much labor doesn't fit and is being cut out. Why not organize production to meet the needs of the labor market instead, as a matter of public policy, at least at the low end? The organizational goal should be the highest ratio of working age employed to the work age population possible. Does business organization exist to serve people or do people exist to serve business organization? That is the core question.
Much, much more work could be done with low skilled labor especially in construction and on infrastructure if work were organized around available labor skills instead of being made high tech to exclude those workers. The conflict is often not with the bottom line. but with simple managerial convenience. The problem is runaway technology thoughtlessly adopted and applied and a government which is out to lunch on the issue.
Obviously, a national policy is needed here but that hasn't even occurred to our daft president or congress all of whom prefer to fight over something silly like a hike in the debt ceiling.