Econometer Takes On Labor Force Drop
UT San Diego’s Jonathan Horn and Roger Showley posed the Question: Will the economy benefit from a drop in labor force participation in the next decade?
My Answer: YES
If employees are working only to get healthcare then they are probably not motivated employees. And they will open up those millions of jobs for people who do want to work and are energized by the experience. There are also long-term advantages for American families when both parents do not have to work merely to get health coverage for their family. If we insist that Americans plan on their retirement through mandatory Social Security then we need to mandate they have healthcare, one way or another.
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