The Meaning of California’s Low Labor Force Participation Rate
Yet, demographics does not offer a full explanation. Anyone who works with job seekers throughout California today knows that workers in their mid-50s and over are retiring in part because of the difficulty more and more are encountering in finding employment. . . Further, demographics does not explain Thornberg’s third factor, the increased disability and other benefit rolls. As noted in these pages over the past few years, the disability rolls have skyrocketed in size since the early 2000s, especially Social Security Disability Insurance (SSDI). SSDI was at nearly 8.9 million workers on its rolls in December 2015, up from 6.5 million in 2005. And once on SSDI few exit for work.