"is just 63.2 per cent in the US for those aged 16 and over, and 68.5 in Europe, for those aged 20 to 64."
The difference between "16 and over" and "20 to 64." is massive, partly because a significant percentage of those between 16-19 are not working because they are students, but mostly because a large proportion of those over 64 in the US are generally retired.
The US statistics seem to come from here.
If you knew cohort populations, you could make an actual comparison with this. According to this, labor participation for 65+ was 22.1% in 2010, and for the same year, labor participation for 16-19 year olds was 34.9%.
This seems to be the comparable figure for Europe. According to that, labor participation for 15+ was 57.5% in 2011.---
[ucblockhead is] useless and subhuman
In our high schools we got a large drop-out rate. People aged 16 leave high school to work 'retail' jobs to make ends meet for their aging parents who are denied medical benefits because they have pre-existing conditions. Thus they over 64 are forced to work 'retail' jobs to afford their medication and medical bills.
The retirement age was raised to 67, and soon will be raised even higher in the USA.
I am on social security disability since 2002, it pays less than minimum wage, and medicare in the USA is a big joke. I got $100,000USD in medical debts with 29% interest, so I was able to transfer most of it to credit cards in order to avoid the 'loan sharks' as we call it.
BTW that healthcare.gov website got slashdotted as 20M+ people signed up for Obamacare. Oabamacare is basically IDontcare with a new name. All it does is make insurance companies rich by denying benefits and lowering their rates but raising copays and deductibles.
My wife was denied coverage because she is diabetic. She had just applied. Those pre-existing conditions still exist in some way, and she has to get $900/month insurance under Obamacare from her employer because it is a 'group' plan that pre-existing conditions don't apply to anymore, but they still do with the cheaper 'personal' plans.
I know people as old as 90 still working in the USA, so retirement age here doesn't really mean anything. Plus people enter the workforce at age 16 as high school dropouts, and never become a college student because they cannot 'afford' to become one as our 'education system' and 'student financing' was never adjusted for inflation since the 1970's so most people don't quality for grants or loans anymore because they, at minimum wage even, earn too much money as a 1970's person working minimum wage earned.
Chat to the virtual me...