Before the Great Recession the growth rate of the labor force easily exceeded the growth rate of population for decade after decade, but since then the situation has reversed dramatically.
Population has been increasing at a rate 75% higher than the labor force over the last decade. The increased population is not assimilating to work.
THERE IS NO LABOR SHORTAGE.
THERE IS NO LABOR SHORTAGE.
Increasing the population of the non-working has been the number one drag on the economy, causing GDP to fall and debt to rise, negatively impacting every standard measure.