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According to the U.S. Department of Labor , 14 years of age individuals can work but have limitations until the age of 16-- this why

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According to the U.S. Department of Labor , 14 years of age individuals can work but have limitations until the age of 16-- this why we tend to use the age of 16 as the standard age to perform many labor calculations. After reviewing the above video lesson above, what would happen to the Labor Force Participation Rate if there was a law that decreased the legal age requirement to work from 16 to 12 years of age, ceteris paribus? Key Assumption: Assume that 100% of the new added working age population chooses to be in the work force. Note: You may be able to answer this question without reviewing the video lesson above. However, if your answer was incorrect on the first attempt, I would highly advise you to review the video lesson to help connect concepts. Helpful Hint: Use the Labor Force Participation formula Not Change o Increase Decrease Decrease at an exponential rate Change to "O"

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