In 2018 over 37 million people age 25-64 were not in the labor force.
Not only did they have no jobs, they were not even counted as unemployed because they were not counted as part of the labor force either.
They literally do not count.
Here are the average millions in 2018 by age tranche who are not in the labor force:
25-34: 7.81 million
35-44: 6.95 million
45-54: 7.93 million
55-64: 14.76 million
65+: 41.25 million.
Approximately 32.2 million of these people do not yet qualify for Social Security, including 9.5 million of whom are 55-61.
And if you want to know why young people are living in their parents' basements in their 20s, you have your answer: Business has not hired the young and inexperienced and has fired the old and higher paid.
Nothing personal, right? Just business.
Effing libertarians.
