This graph is participation rate (those working or actively looking for work) in the US, which declined to 63.4% last month -- lowest since Jimmy -- the Sweater -- Carter was the man in the White House. Some people will point out that babyboomers are retiring, I will point you to 1978 participation rate of women in the workplace which was tiny in comparison to today. I think women in work force is a bigger gauge than baby boomers retiring. My take? It doesn't pay to work (pun intended). Anyone guess why?