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Why has the US fallen behind the UK in labor force participation?

  • Article
  • Feb 23, 2018
  • #Laboureconomics #Finance
Ernie Tedeschi
@ernietedeschi
(Author)
medium.com
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Having gone their separate ways for more than 240 years now, it is no surprise that the United States and the United Kingdom as nations have grown ever more distinct. But the US an... Show More

Having gone their separate ways for more than 240 years now, it is no surprise that the United States and the United Kingdom as nations have grown ever more distinct.

But the US and the UK still share much in common: linguistically, culturally, and politically (and that was even before Meghan Markle’s engagement to Prince Harry).

And the two also bear some economic similarities. Both nations print their own currency, both of which serve as world reserve currencies. Monetary policy in both countries is controlled by respected and politically-independent central banks. Both have a substantial immigrant population share — 14.2% in the US and 13.1% in the UK according to 2015 UN data — which of course is a major factor fueling contemporary politics in both nations. And both countries have relatively high shares of the population with college degrees — 44% in the US and 42% in the UK according to 2014 OECD data.

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Matt Darling @besttrousers · Apr 18, 2023
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Good post from @ernietedeschi
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