During 2023, it was common on some social media sites and internet discussion boards to hear people say, “No one is willing to work anymore.”
Go to the Hubbard and O’Brien Economics Blog and read the following article titled, “New York Fed Economists Analyze the Decline in the Labor Force Participation Rate.” https://hubbardobrieneconomics.com/2023/03/31/new-york-fed-economists-analyze-the decline-in-the-labor-force-participation-rate/
After reading this article, how would you respond to the comment, “No one is willing to work anymore”?