The labor force participation rate will continue to drop and it will drop eventually. It will not because more people are working, but more people being unemployed for too long and thus won't be counted towards the number. I don't see how this is good for the normal people because some businesses are permanently closed and businesses move towards automation.
So I don't see anything going well for the "real economy" despite the stock markets going up. There needs to be a way for people to make money and huge changes are going to happen all across the governments and worlds. As for what they do, I do not know.
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Just like in 2008-2010, there will be another "lost generation" of workers. There were a few I knew who lost good paying jobs and basically exited the workforce. They still worked part time, picking up a few bucks here and there (one guy drove a school bus for the medical).
Nevertheless, they were basically out of the workforce permanently. Both between 55-60 at the time.
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