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Yep. I think a big chunk of people decided to retire early. This isn’t predominantly young people leaving the labor force. It’s older people looking around and
by amanaplanacanal 5y ago
Yep. I think a big chunk of people decided to retire early. This isn’t predominantly young people leaving the labor force. It’s older people looking around and realizing life is short.
- LinuxBender 5y agoAt least anecdotally I can agree. Several of my coworkers and I retired early. In hind-sight I should have done it sooner.
- CubsFan1060 5y agoThis has some interesting numbers: https://www.cnn.com/2021/12/15/economy/labor-force-retirement-great-resignation/index.html https://www.cnn.com/2021/12/15/economy/labor-force-retiremen... "Nearly 70% of the 5 million people who left the labor force during the pandemic are older than 55, according to researchers from Goldman Sachs, and many of them aren't looking to return" I suspect that many of those left good jobs. And then everyone essentially took a step up in jobs. So for the lowest level, there just aren't people to fill those jobs now.