Quote:
Originally Posted by Brian Swartz
I think those issues are definitely important. But they also don't answer the question here. Either a significant section of the potential labor pool has enough income from other sources to avoid working indefinitely or they don't. I.e. if you don't have enough money, you don't have the luxury of deciding not to work because you don't like the offered conditions. That's something that only enters the calculus when you have enough money that you don't need to work.
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And we have the highest rate of young adults living with their parents since the Great Depression. We're also seeing a massive drop in college enrollments, which reduces the need for jobs among young adults.