[Mr. Jeeves]

There's no clear reason why people are leaving the workforce...

There is, bit it's one the welfare state advocates in the MSM don't like to hear: People are increasingly realizing that working harder to earn a little more money and pay a lot more taxes is a foolish waste of their time. Better to Go Galt, even if they don't all know who Galt is.

[SeekAndFind]

[OneWingedShark]

There is, bit it's one the welfare state advocates in the MSM don't like to hear: People are increasingly realizing that working harder to earn a little more money and pay a lot more taxes is a foolish waste of their time. Better to Go Galt, even if they don't all know who Galt is.

Bingo.
Our current confiscatory taxes make it… foolish to think that work pays off, add that with the unacceptable government policies (IRS targeting, NSA domestic espionage, etc) and there's real moral objection to paying taxes. (Incidentally, Fast & Furious is technically the government aiding/supporting terrorism, which is illegal under the US Code — therefore if you don't pay taxes you are a lawbreaker, but if you do pay you are also a lawbreaker.)