Headline cropped. It's the lowest participation rate "outside the Covid era".

Original headline: "Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of the Covid era"

And I'm not going back, either. Reckon I can slowly liquidate assets for as long as I have left to live. To hell with all this shit, my farm is enough.

Sounds more like people retire somewhat early - for 25-54yo labor force participation near all time high: https://fred.stlouisfed.org/series/LNS11300060

And here is one for 55+yo: https://fred.stlouisfed.org/series/LNS11324230

All is fine

The money printing during COVID screwed everything up. Most of the capital was directly given to banks and businesses, fraudulently in many cases and unnecessarily in most, and everything pooled up into real estate and stocks so anyone who had already owned a large proportion of those became absurdly wealthy in the span of a couple years and everyone else effectively lost 20-30% of their income through inflation. The majority of all money was printed during COVID, no one voted for this to happen, no one bothered to even communicate how it was decided how much money would be printed and who would get it, and no retrospective has ever been done. It’s never been more clear that a small group of the wealthiest investors in the US run the show and the majority of people are wage slaves who had the ladder kicked out above them. Now we’re seeing an administration and elite class that is openly ransacking the country for whatever profits it can extract from a dying empire. I have no idea how this ever gets fixed.

The current regime's policies are causing an economic recession.

Today I read about Accenture Norway taking in 56 summer internship students from over...1600 applicants. Record year, they reported.

Previously I imagined only the top-top tier firms could enjoy low single-digit acceptance rate, but here we have Accenture crushing it. Competition must be tough.

(But for what I know, could be that AI has made it easier for people to spam everyone with applications)

It was never AI, it’s not “recession”, it’s not xyz, it’s simply since covid the wealth distribution got worse, further. It’s why you see the very few are with an exponential networth increase while the majority are suffering, at the same time, those who hold that networth are pulling all sort of shenanigans to keep the market alive and far from crashing for as long as possible, but it’s eminent and it will happen soon, the only exception is starting a major war to meat grind all these young men otherwise they will revolt for sure.

I wish I could quit working. It is hell. Employers DGAF about people, so why should we care about them?