When inflation is cooling and employment is strong it can have possible long term benefits assuming general inflation doesn't continue to rise. i.e. purchasing power. One other avenue is encouraging older Americans to get and stay involved in labor market could improve labor pool. IMF provided a report Drivers of Labor Force Participation and Federal Reserve of Bank of Atlanta discussion Labor Force Participation. Current Labor force participation rates are 63.2%. YCharts Labor Force Participation. You may also be interested in Labor Market and Inflation.
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