Many complain that the shift from jobs that primarily require physical strength to those that require greater cognitive skills has left some at the wayside. They argue that declining labor force participation rates reflect discouraged workers, and necessitate the sheltering of semi-skilled jobs through protectionist trade policies and even taxes on new technologies. But declining labor force participation isnt an argument against leveraging technology and other efficiencies. It is an argument for it.
Decline in labor force participation mainly stems from the aging of the population….

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