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matt wilbert
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I agree with the idea, but I don't think the graph really strengthens the argument--it looks to me like prime age participation is almost back to trend. If you want to argue that the trend has been the way it has been because of slack since 2000, I guess I could buy that, but I still think that the way you would tell if that were right is if the wage numbers started going up without participation going back up above trend.
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Mar 9, 2016