US labor force drops to 105.8M

The number of Americans not in the labor force reached an all-time high in June, totaling 105.8 million, with a significant rise of 832,000 dropping out that month alone. Primarily retirees and discouraged workers, including a growing number of prime-age men and women, are contributing to this decline, influenced by various factors such as disability programs and societal shifts. Experts warn that this trend may lead to increased societal disengagement and argue against measures like universal basic income.

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