Technological Unemployment and Work

The state of technology and the unemployment rate look nothing like each other.  What about the state of technology and the labor force participation rate (LFP)?

Well, LFP doesn’t have massive spikes like the unemployment rate.  Since the state of technology doesn’t have massive spikes either, that eliminates one big discrepancy.

Otherwise, however, LFP and technology have almost nothing in common.  Technological progress is nonstop, but LFP rose for five decades, then started falling.

Disag...