In response to:

Obama’s Dismal Record on Jobs, Explained with Common Sense

restoreliberty Wrote: Jan 17, 2013 8:40 PM
Many two earner families have discovered that can live on less, and more and more women are opting out of the workforce. If two earners are just going to be penalized for success, then it becomes and easy choice to decide to become a full time mom and homemaker. Instead of expending all that energy to support the cart riders, spend that time and dedication on your own family.

Economists may not agree on much, but we all agree that economic output is a function of capital and labor. Ask a Keynesian, a Marxist, an Austrian, a monetarist, or any economist, and they’ll all agree that living standards are determined by the quality and quantity of these two factors of production.

So it should be very worrisome that there has been a big drop in the share of the population that is employed. Here’s a chart produced from Bureau of Labor Statistics data, showing labor force participation during the 21st Century.