Economy in Suspension: When the Labor Market Shifts from Job Creation to the Production of Expectation
Economy in Suspension: When the Labor Market Shifts from Job Creation to the Production of Expectation In many economies, winter is not merely a season; it is a period in which structural weaknesses become more visible. Recent labor market data from Iran reflect precisely such a picture: an economy in which employment is not expanding, but rather trapped in a chronic state of stagnation. One of the most important findings in this data is the significant decline in the labor force participation rate. When less than half of the working-age population enters the labor market, the issue is no longer simply unemployment. Instead, it reflects a broader disengagement from the very idea of work. This phenomenon typically emerges when people either lose hope of finding employment or perceive the cost-benefit balance of entering the labor market as unfavorable. Alongside this, the growth of the economically inactive population becomes more significant. The increase in this group means t...