Utter made up nonsense. Undocumented, unverified "Claims" about mythical "studies" are merely the screaming of people who simply REFUSE to deal with the Economic facts.
Simple question nukes all this nonsense. How do these people "dropping out of the labor market" live? I would LOVE to "Drop out of the labor market". This is PURE make believe used by Leftist "Economists" to justify their refusal to accurate address the facts because they are to a Republican's credit.
Utter nonsense to make up rationalizations to claim the numbers are "not really as good as claimed". They are the SAME numbers tallied the SAME way the the SAME economists raved about when Clinton was President. How you measure things must be consistent. You cannot use ONE standard when a Democrat is in the WH and another when the Republicans have it. That is intellectually dishonest.
They live with their brother, live with their sister, grandparents, parents, friend, boyfriend, girlfriend, etc. Or they are on food stamps, living in government housing, etc.
But this is only a fraction of the group that I referred to. The largest number are those who are unable to find a full-time job and have to settle for a part-time job with no benefits. Many companies are seeing this as a beneficial way to cut labor costs.
To have such a sustained level of low unemployment along with real wage stagnation is very suspect. It either nukes the existence of real wage stagnation or high levels of full employment.
During the late 90s, real wages rose. There was talk over labor shortages marked with increases in wages/salaries.
That is not happening today. Many job positions that paid "well" in the 1980s and 1990s, now pay near minimum wage: security guard, janitor, construction worker, meat packing industry jobs, etc. If there is such a high demand for labor, why have these wages decreased?