Commentary
A policy question these days that has befuddled federal lawmakers is why so many millions of people have not returned to the workplace in the post-COVID-19 era. The labor force participation rate among employable adults is near a record low today. There are at least 2 million to 4 million employable adults who could and should be working but aren’t.
Very few people with even minimal skills can credibly say they can’t find a job. Employers report some 10 million job openings. Small business owners say their biggest problem is finding competent workers.
There are many explanations for why so many people aren’t working—fear of COVID-19, the skills mismatch, more people taking early retirement, and so on. But a major factor is that the federal government is back to doing what it did in the 1970s and 1980s. The welfare state today is paying people not to work—even a single hour….