Some of the workforce participation drop is due to more people gaming the system. Workers comp claims for phony injuries are way up, and of course the extended unemployment payments, food stamps etc affect behavior as well. My favorite local door and window company is going out of business in the next week or two in part due to that, and now another of my good friends is out of a job, and I am going to need to use my contacts to scramble to find him odd piece work.
What now? Why is your garage door and window company going out of business? Because all the door-hangers and window-inserter workers are sitting on their duffs on some imaginary dole? You mean to say they can't find a worker?
Or you mean because they lost money due to having to pay for someone's fingers getting sliced off when he was inserting the window-pane?
