Tag: employment
The following statistic will sound familiar since I use it regularly: about half of U.S. workers are not saving enough and may see their standard of living drop when they retire. A major culprit in this poor state of preparedness is that millions of Americans at any given moment don’t have a traditional pension or…
The accumulating evidence suggests that it does. The labor force participation of prime-age workers has been declining steadily over the past two decades. One possible factor may be the concentration of employers in local labor markets. When firms possess greater bargaining power, they can drive down wages, which, in turn, discourages labor force participation. Employer…
