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It is obvious that most laborers do not undertake further education after they enter the labor market.
If a husband's wages dropped, his wife was likely to enter the labor force.
In this industry, workers usually enter the labor market via a formal draft system.
What payoff do people get from acquiring more education when they enter the labor market?
If that happens, 100,000 people a month will enter the labor force, on a net basis.
"The purpose of higher education is not just to train students to enter the labor market," Dr. Sandel said.
When immigrants enter the labor force, they increase the productive capacity of the economy and raise GDP.
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"The economy seems to be recovering a little bit, so people decide to re-enter the labor market," he said.
The unemployment rate is expected to remain near 10 percent through the end of the year, rising slightly as discouraged workers re-enter the labor force.
Usually in a recovery, many who were sitting on the sidelines decide to re-enter the labor force and start looking for work.
In case you're wondering, the unemployment rate could remain unchanged despite job growth because more discouraged workers re-enter the labor force once they hear companies are hiring.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com