The data are clear. It is increasing proportions of the young and the middle aged who are no longer seeking work. As for the staying in school response, that's a rational response for one, two or perhaps even three years while the economy is recovering. But in the Obama's print, borrow and spend economy, staying in school is becoming a permanent strategy to avoid confronting an anemic recovery.
Even for an aging baby boomer like myself, who did retire and drop out of the workforce, lousy economic conditions played a role. I had planned to retire in 2013 but left in 2011, when I realized during a downsizing at my place of employment, if I stayed I would be occupying a position that some younger person desperately needed. In an era of economic strength my calculus would have been different, and my decision may have been as well.
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