Not all Americans included in economic recovery - Wolfers

February 6, 2022 Los Angeles Times

The latest jobs report reflects a strong, recovering economy. But, Justin Wolfers, professor of public policy and economics, explained that not all Americans are feeling the effects of recovery. 

"A lot of people, particularly older people, have dropped out of the labor force altogether. So for them, the economy doesn't look healthy at all," he said. "So, things are getting better. We're getting back towards the pre-pandemic economy. And whether you think we're all the way back or not depends a lot on your personal circumstances."