Summers: Inflation Reached 18% in 2022 Using the Government's Previous Formula

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by Amorymeltzer on Sunday April 14, 2024 @08:40AM (#40030699)

>Remember in 1963 only the man was working

Others have pointed out the flaws in the rest of this, but the labor force participation rate of Women[1] was around 33% in 1950, 38% in 1963, and 60% in 2000; it's 57% now. That's a huge change, but 1963 is a far cry from 0%. See also men[2].

As noted elsewhere, this ignores race. Compare white women under 20 <https://fred.stlouisfed.org/series/LNS11300029> to black women under 20 <https://fred.stlouisfed.org/series/LNS11300032>; dramatically different numbers.

Labor force participation rate isn't ideal, but it gives the picture.

1: <https://fred.stlouisfed.org/series/LNS11300002>

2: <https://fred.stlouisfed.org/series/LNS11300001>

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Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by Majromax on Sunday April 14, 2024 @08:52AM (#40030747)

Also look at the prime-age participation rates (https://fred.stlouisfed.org/graph/?g=1k7Vy), which help control for demographic changes over the decades. The 1963 prime-age LFPRs were 44/99% for women/men respectively, and today those figures are 77/89%.

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