“New Economics”

A standard definition of participation rate defines it as measure of the active portion of an economy’s labor force, namely those who are employed or actively looking for employment.

Now, some students came up with a participation rate higher than 100 % – first I thought it is absurd, but then I considered that it may be a reflection of the current economy, where people are working in different jobs, looking for several employment opportunities as one job doesn’t allow to “make a living” – thus a personal participation rate of more than 100 % says something about the economy today and when it makes with (and against) life …

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