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Partly because of the falling yen, they are generating record amounts of cash they do not need for investment.Stay-at-home companies are almost certainly in worse trouble, particularly those in old industries with ageing work forces.
Mr Krueger agrees that part of the drop is due to lack of demand for labour because of the recession, but thinks something else is at work: the underlying trend in participation in the past decade has already been falling because of an ageing work force and a downdrift in participation by women.
The ageing work force challenges the economy of most Western countries and calls for new strategies to maintain people in the work force.
Older workers have a higher rate and cost of injury than younger workers and with a rapidly ageing work force there is a need to identify strategies to address this problem.
Older people are defined as persons aged 50 years and above, in line with previous ageing work in Africa (Hosegood and Timæus 2006; Kowal et al. 2010; Ssengonzi 2007); whereas adults are defined as persons aged 18 49 years and children are those aged under 18 years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com