4 ms·

> Ketchum is facing a cascading housing crisis caused by a rush of new residents during the Covid-19 pandemic, growing demand for workers during the economic bo

> Ketchum is facing a cascading housing crisis caused by a rush of new residents during the Covid-19 pandemic, growing demand for workers during the economic boom that has followed > the economic boom that has followed Is this what we're calling it?

murph-almighty 5y ago
There are jobs, plenty of jobs, and yet somehow no one filling those roles. Never mind that they're underpaying... or that we lost half a million people in the labor force...
- nvahalik 5y ago
  > or that we lost half a million people in the labor force... This is not true, unless you're considering all ages in the labor force. Stats from this page[0] seem to indicate that COVID-related deaths are <120k for people under age 65. That's quite a bit less than "half a million people" in the labor force. (Assuming, like I am that people tend to retire at 65.) [0]: https://www.statista.com/statistics/1191568/reported-deaths-from-covid-by-age-us/ https://www.statista.com/statistics/1191568/reported-deaths-...
  - kube-system 5y ago
    I think they meant “lost” as in “not participating” not “lost” as in “dead” I haven’t looked up the change in labor force stats myself, but they’re not simply the total number of living people in a certain age bracket. There are plenty of people between 18-65 who aren’t part of the labor force: i.e: disabled, retired, stay-at-home, incarcerated, etc.
- amiga 5y ago
  "Pay more" does seem like the best response here
  - seafoam 5y ago
    That is not how this works. Instead : capacity gets curtailed, prices are raised, and what people can afford goes down.
- newfriend 5y ago
  Or that the government is paying people who don't want to work.
war1025 5y ago
The town is having an economic boom because it saw a large influx of remote workers this past year. Those workers require goods and services, which leads to job openings to fill the demand. It may come as a surprise to people in large cities, but the vast majority of the country (geographically) was pretty much business as usual from summer 2020 onward.
long_time_gone 5y ago
What would you call it? Q1 2021 - 6.4% growth [0] Q2 2021 - 7.8% growth [1] [0] https://www.statista.com/statistics/188185/percent-change-from-preceding-period-in-real-gdp-in-the-us/ https://www.statista.com/statistics/188185/percent-change-fr... [1] https://www.atlantafed.org/cqer/research/gdpnow https://www.atlantafed.org/cqer/research/gdpnow
- tengbretson 5y ago
  Isn't GDP measured in dollars?
  - long_time_gone 5y ago
    Yes, the US economy is measured in US dollars. If you are trying to make a cryptic remark about inflation, I've linked some information on how GDP is measured. Specifically, "The nation's gross domestic product totals trillions of dollars. Most often, the number you'll hear people refer to as "GDP" is a percentage. That's the rate of change in real GDP from the previous quarter or year. "Real" or "chained" GDP numbers have been adjusted to remove the effects of inflation over time, so different periods can be compared." [0] https://www.bea.gov/resources/learning-center/what-to-know-gdp https://www.bea.gov/resources/learning-center/what-to-know-g...

murph-almighty 5y ago

There are jobs, plenty of jobs, and yet somehow no one filling those roles. Never mind that they're underpaying... or that we lost half a million people in the labor force...

nvahalik 5y ago
> or that we lost half a million people in the labor force... This is not true, unless you're considering all ages in the labor force. Stats from this page[0] seem to indicate that COVID-related deaths are <120k for people under age 65. That's quite a bit less than "half a million people" in the labor force. (Assuming, like I am that people tend to retire at 65.) [0]: https://www.statista.com/statistics/1191568/reported-deaths-from-covid-by-age-us/ https://www.statista.com/statistics/1191568/reported-deaths-...
- kube-system 5y ago
  I think they meant “lost” as in “not participating” not “lost” as in “dead” I haven’t looked up the change in labor force stats myself, but they’re not simply the total number of living people in a certain age bracket. There are plenty of people between 18-65 who aren’t part of the labor force: i.e: disabled, retired, stay-at-home, incarcerated, etc.
amiga 5y ago
"Pay more" does seem like the best response here
- seafoam 5y ago
  That is not how this works. Instead : capacity gets curtailed, prices are raised, and what people can afford goes down.
newfriend 5y ago
Or that the government is paying people who don't want to work.

war1025 5y ago

The town is having an economic boom because it saw a large influx of remote workers this past year. Those workers require goods and services, which leads to job openings to fill the demand. It may come as a surprise to people in large cities, but the vast majority of the country (geographically) was pretty much business as usual from summer 2020 onward.

long_time_gone 5y ago

What would you call it? Q1 2021 - 6.4% growth [0] Q2 2021 - 7.8% growth [1] [0] https://www.statista.com/statistics/188185/percent-change-from-preceding-period-in-real-gdp-in-the-us/ https://www.statista.com/statistics/188185/percent-change-fr... [1] https://www.atlantafed.org/cqer/research/gdpnow https://www.atlantafed.org/cqer/research/gdpnow

tengbretson 5y ago
Isn't GDP measured in dollars?
- long_time_gone 5y ago
  Yes, the US economy is measured in US dollars. If you are trying to make a cryptic remark about inflation, I've linked some information on how GDP is measured. Specifically, "The nation's gross domestic product totals trillions of dollars. Most often, the number you'll hear people refer to as "GDP" is a percentage. That's the rate of change in real GDP from the previous quarter or year. "Real" or "chained" GDP numbers have been adjusted to remove the effects of inflation over time, so different periods can be compared." [0] https://www.bea.gov/resources/learning-center/what-to-know-gdp https://www.bea.gov/resources/learning-center/what-to-know-g...