Exploiting the Labor Participation Rate
One of my nieces is 16 years old and attends a local high school in Utah. Her world is centered on books and boys and her free time revolves around extracurricular activities. I have a nephew who is enrolled in college and enjoys any time away from his studies bonding with friends and creating memories that will last a lifetime. My wife stays at home and raises our four daughters, a luxury our family is able to afford. My mother spends time quilting and cooking or playing with her grandchildren. My father-in-law is retired and can be found catching up on the news and traveling. What is interesting about all these individuals is their impact on the labor participation rate.
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