👴🏻"No one wants to work anymore! (And also, they can't work, because half a million are dead)."

And the Fed still underestimates the number who are effectively disabled or can no longer pursue their core line of work due to long Covid.

And they undercount those that can't work, because they suddenly find themselves primary care givers. People are still talking about "learning loss" due to school closures, and not due to *checks notes* the loss of a parent.

I have questions.

Data suggests that every time you get Covid, your overall probability of getting Long Covid increases. As in someone that has had Covid 5 times is more likely to get Long Covid than someone that's had it 1 time.

So every Covid spike, the number of people removed from the US labor pool increases. At some point, this might become unsustainable.

Where is that line? 160MM? 150MM? 120MM? What's the line below which the US economy ceases to function?

More questions.

Uncontrolled spread of Covid, causes "labor shortages." Euphemism.😢

Labor shortages, cause supply chain shocks.

Supply chain shocks, cause inflation.

How does raising interest rates address this?

Yes labor shortages also cause salary increases (good! 👍🏿) which also contribute to inflation. But can't we increase the labor pool more by, I dunno... keeping more people alive and healthy? And by providing more options for affordable childcare?

@mekkaokereke

https://mastodon.top/@JUSTIN/109523920452447171 You might be interested in this post which addresses this directly.

#MissingWorkers #COVID19 #Inflation

Emmanuel Justin (@[email protected])

The missing workers who are never coming back @[email protected] @[email protected] @[email protected] https://www.axios.com/2022/12/16/the-missing-workers-who-are-never-coming-back

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