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- The expanding labor force can be attributed to various factors, including123:
- Demand-side drivers such as outsourcing, trade, and automation.
- Supply-side factors like skills deficits and the opioid epidemic.
- Demographic factors, including slower population growth and the aging of the U.S. population.
- A strong rebound in immigration after COVID-related travel restrictions.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Researchers have identified various factors contributing to these trends. Some point to demand-side drivers such as outsourcing, trade, and automation. Others cite supply-side factors, including skills deficits, the opioid epidemic, and disincentives created by some safety net programs.
bipartisanpolicy.org/blog/research-brief-labor-workf…Demographic factors—including slower population growth and the aging of the U.S. population—in addition to the declining labor force participation rate will be responsible for the projected growth of the labor force.www.bls.gov/opub/mlr/2015/article/labor-force-proj…Most of the recent labor force gain can be traced to a strong rebound in immigration after COVID-related travel restrictions discouraged entry into the U.S. in 2021 and 2022, experts say. But some economists say pent-up demand from foreign-born workers has run its course.www.usatoday.com/story/money/2024/01/04/inflati… - People also ask
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