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According to the video, Why has labor participation hit a 38 year low what are the explanations for a low labor force participation rate? Why

According to the video, Why has labor participation hit a 38 year low what are the explanations for a low labor force participation rate? Why does this present a problem for the US?

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https://www.pbs.org/newshour/show/labor-participation-hit-38-year-low-thats-problem#transcript

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