Since they're all liars - and boy has the lying been dizzying - it's not hard to grasp how this picture is off. Just in my business, there's a labour shortage. And we all know that's the case across several industries. Restaurants are closing, some haven't even reopened since the criminal lockdowns because of staff shortages. So, yeh, calling BS here and it's an easy call.
The labor shortage is truly a bizarre phenomenon, because there shouldn't be a labor shortage--not when the labor force participation rate is near 62%.
There is a very large cohort of potential workers that, for whatever reason, have fallen completely out of the labor force. If the economy were as robust and vibrant as many would claim, it would be pulling those individuals back into the workforce. Instead, the labor force participation rate is declining.
There's another odd signal in the JOLTS report as well: while in recent months there have been oodles of job openings reported, the pace of hiring has largely remained the same but for a brief blip during the 2020 lockdown/recession. Business are hiring at about the same pace as always, and separating workers at about the same pace as always, and those trends are even declining in recent months. Which is again the antithesis of what a robust and vibrant economy would show.
Not really. The labor force participation rate has been in the low 60s since before the pandemic, and the "Great Resignation" phenomenon likewise predates the availability of the mRNA inoculations.
While inoculations injury or adverse event is a possibility for some of the lack of labor force participation, it does not appear to be the primary cause of that phenomenon.
Maybe, no one wants to work for a multi-billion, multinational corporation doing the work of 2 or 3 people, while making a wage that, with inflation, will not keep their heads above water.
Since they're all liars - and boy has the lying been dizzying - it's not hard to grasp how this picture is off. Just in my business, there's a labour shortage. And we all know that's the case across several industries. Restaurants are closing, some haven't even reopened since the criminal lockdowns because of staff shortages. So, yeh, calling BS here and it's an easy call.
The labor shortage is truly a bizarre phenomenon, because there shouldn't be a labor shortage--not when the labor force participation rate is near 62%.
There is a very large cohort of potential workers that, for whatever reason, have fallen completely out of the labor force. If the economy were as robust and vibrant as many would claim, it would be pulling those individuals back into the workforce. Instead, the labor force participation rate is declining.
There's another odd signal in the JOLTS report as well: while in recent months there have been oodles of job openings reported, the pace of hiring has largely remained the same but for a brief blip during the 2020 lockdown/recession. Business are hiring at about the same pace as always, and separating workers at about the same pace as always, and those trends are even declining in recent months. Which is again the antithesis of what a robust and vibrant economy would show.
Yes. Odd. But people have attributed to vaccine injuries. Is this plausible?
Not really. The labor force participation rate has been in the low 60s since before the pandemic, and the "Great Resignation" phenomenon likewise predates the availability of the mRNA inoculations.
While inoculations injury or adverse event is a possibility for some of the lack of labor force participation, it does not appear to be the primary cause of that phenomenon.
Maybe, no one wants to work for a multi-billion, multinational corporation doing the work of 2 or 3 people, while making a wage that, with inflation, will not keep their heads above water.
That is quite possible--but it begs the question: how are they getting by without work?
Most pandemic oriented "stimulus" measures are over and done with, and self-employed workers are on the decline as well.
How do they put food on the table if not with a job?
`\_(•_•)_/` Maybe wife works. Women are expected to put up with more BS at work than a "self-respecting" man would.