So just to understand this, it's not that employers are laying people off, it's that people aren't working in the workforce, aren't supplying labour to the equivalent of 2.5 million jobs in 2024, and as a result that lower workforce participation rate, that less labour supplied lowers economic growth.
Paul Ryan: “So just to understand this, it's not that employers are laying people off, it's that people aren't working in the…”
Editor's note · Context
Ryan clarifies that the issue is not layoffs but a decline in workforce participation affecting economic growth.
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