There seems to be a lot of confusion about why there are so many fewer workers now than in '19.
Let me explain.
- A new sickness emerged.
- We ignored it for a while.
- We took it seriously for approximately 2 seconds.
- We let it rip.
- Lots of people died and are still dying.
- Lots more people became or are becoming disabled to mild or severe degrees, with no prognosis of recovery.
- We aren't sure what else will happen to the infected.
That's what happened and is still happening.
A new day, fresh eyes, and I really want to replace "less" with "fewer".
Also, as many of the replies point out, it's not really this simple. War and saber rattling in various places. Lockdown policies. Inflation controls/interest rate rises. The recession "cycle". Brexit. Political divides. It's a complicated milieu.
But I stand by my point that a significant factor in the missing worker puzzle is that so many died and/or have been disabled. And those numbers continue to rise even now.
@djwfyi Another factor never mentioned, I have put out into the world before.
During the lockdown time, lots of were of course, out of work. I wonder at times if some of these people, especially people who were the "secondary income" earners, realized that they didn't actually "need" to work.
Basically like, after travel cost, and child care, and lunch cost and special clothes, etc, they realized they were only "making" like $50 a week. So why bother.
#MissingWorkers for more data
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